New Delhi: British Indian entrepreneur Karan Bilimoria, who owns Cobra beer, is planning to set up two breweries in Orissa and Madhya Pradesh as part of its expansion in India.

"We are planning to set up two new plants in Orissa and Madhya Pradesh through acquisitions, in addition to a greenfield project in Punjab," Bilimoria told IANS here Monday.

"In fact, we are planning two new greenfield projects in the next couple of years here in India. We are talking of at least $15 million for each project. The total investment in India in the next two years will be about $50 million," he said.

Stating that Cobra beer was a brand of Indian origin, he said, "I always dreamt of making Cobra in India for India."

Cobra was first brewed in Bangalore in 1990 and exported to Britain for seven years. In 1997, Cobra started brewing under licence with Charles Wells (now known as Wells & Young's) in Britain.

In 2005, the brand returned to India and, in partnership with the Mount Shivalik Group of Rajasthan, started brewing for the Indian market. Since then, Cobra has also started brewing with Impala Breweries and Manav Breweries in Uttar Pradesh and Iceberg in Bihar.