French malt major Soufflet to invest $118 mln in India amid booming beer demand

France's Soufflet Malt will invest 100 million euros in a new production facility in Rajasthan, India. This move aims to meet the growing demand for beer in emerging markets. The facility will produce 110,000 metric tons of malt annually. This expansion contrasts with restructuring in Europe. India's beer consumption is expected to rise significantly.