Japan-based Asahi Group has partnered with Varun Beverages Limited, PepsiCo India bottler, to franchise the CALPIS brand in India, marking the entity's first entry into Indian non-alcohol and non-carbonated beverage market.
"Asahi Group Holdings, Ltd. announced today that it has entered into a business alliance agreement for franchising the CALPIS brand with Varun Beverages Limited, an India-based manufacturer, distributor and seller of non-alcohol beverages, to introduce the CALPIS products into the Indian market," the food and beverage firm said in a release on Thursday.