Carlsberg has refused to be drawn on reports linking the brewer and its partner in Nepal, the Khetan Group, to the formation of a venture in India. The Danish brewer admitted it was looking to enter India's fast-growing beer market, but said "no final conclusions" had been reached on its strategy on the sub-continent, reports www.just-drinks.com.

Beer consumption in India is growing at 7% a year but per capita consumption remains low. The market's potential for growth, combined with a burgeoning middle class, has attracted the eyes of multinational brewers.

In recent months, Carlsberg has regularly been linked with a move into the country. But a Carlsberg spokesman in Copenhagen was coy on the matter. He said: "We still consider India a potential market for Carlsberg. We consider it very interesting because of its significant growth potential"

For the complete story, go to http://www.just-drinks.com