Suntory Holdings has announced the establishment of Suntory India.
The Indian division will be headed by Masashi Matsumura, managing director, Suntory Holdings, with its office located in DLF Cyber City, Phase II, Gurugram.
The new company will commence its operations in July.
This venture aims to cover corporate functions required to build a firm business foundation, accelerate growth in its existing spirits business and establish opportunities for soft drinks as well as health and wellness businesses in the Indian market.
Tak Niinami, president and CEO, Suntory Holdings, said, “We are delighted to unveil a new base of Suntory Holdings in India, a country with a large population and a rapidly growing economy. India is a remarkably attractive market and a key geopolitical player on the global stage, with strong cultural and economic ties with Africa, the Middle East, and Asia. Together with our spirits business, Suntory Global Spirits, we will enhance our presence as a multifaceted beverage company in this vital market by supporting our soft drinks and health and wellness businesses to build foundations in India through investments and partnerships.”