F Bar & Lounge in Hyderabad in May?

Question

Is it true that FTV's F Bar & Lounge is to start operation in Hyderabad next month, inspite of the TV channels ban around this time? Also is it true that Gold's Gym, Hard Rock Cafe and Starbucks are to open shop by year end? And when is Budweiser and Heineken and Gatorade going to be available in Hyderabad, heard that Budweiser is gonna be available in Hyderabad from May?

Answer 1

Here is the answer to the Budweiser part of your question:

Anheuser-Busch and Crown Beers India Ltd. to Form Joint Venture to Enter India Beer Market

February 22, 2007          

Greenfield Brewery is Part of Brewing, Marketing, Distribution Arrangement

ST. LOUIS (Feb. 22, 2007) -- Anheuser-Busch International Inc. and Crown Beers announced both companies have agreed to a joint venture to brew, market and distribute Budweiser and other brands in India.

The joint venture will operate under the name Crown Beers India Ltd., and includes a new 500,000-hectoliter brewery in the southern city of Hyderabad. The state-of-the-art brewery will be completed in March 2007.

"International expansion is a key part of Anheuser-Busch's growth strategy, and while India is a small beer market today, it is growing rapidly and has tremendous long-term potential," said August A. Busch IV, president and chief executive officer of Anheuser-Busch. "This joint venture with Crown brings the experience and skills of both companies together with a world-class brewery to introduce Budweiser to beer drinkers in India."

Both Anheuser-Busch and Crown Beers will have 50% ownership of the joint venture and will collaborate on all local management, marketing and sales decisions. Crown Beers India Ltd. is expected to employ more than 150 people. Terms of the agreement were not disclosed.

"Budweiser is one of the most popular beer brands in the world and always is associated with unmatched quality and freshness," said K.V.D. Prasad Rao, joint managing director, Crown Beers. "The joint venture combines Crown's local business experience with Anheuser-Busch's global marketing and brewing expertise to reach the consumer who appreciates premium beer."

While India ranks low among the world beer markets at 8.2 million hectolitres, the country has experienced a compounded annual growth rate of 8% for the past five years. The strong Indian economy, growing at 9% annually, a growing middle class and a young population with 60% under age 30, have contributed to this growth.

"Now is an optimal time for Anheuser-Busch to establish itself in India," said Stephen J. Burrows, president and chief executive officer of Anheuser-Busch International. "This partnership will enable Budweiser to thrive as India's beer market continues to grow."

An Anheuser-Busch brewmaster will oversee local production of Budweiser at the Hyderabad brewery, assuring Budweiser in India has the same crisp, distinctive taste enjoyed by consumers around the world.

"The Hyderabad brewery was designed to uphold Anheuser-Busch's high standard of quality for brewing Budweiser," said Srikanth M. Reddy, joint managing director. "Together, the brewery and brand will be symbols of excellence throughout India."

Budweiser will be available in 330 ml and 650 ml bottles beginning in May 2007 and will be sold by a team of regional and local sales personnel