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Coca-Cola to invest $121 mln in new India plant
| Guest post by: Dhawal Shah |
Article Overview: Coca-Cola Co plans to invest up to 5.5 billion rupees ($121 million) in a new plant it would set up in south India, a senior company official said, as it expands capacity in one of the fast-growing markets.
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Coca-Cola to invest $121 mln in new India plant
Hindustan Coca-Cola Beverages Pvt Ltd, a unit of Coca-Cola Co, will build the plant in Karnataka state to make sparkling and still beverages, juices and juice drinks, T. Krishnakumar, CEO of the unit said in a statement to Reuters.
"We want to ensure that we create adequate capacity to meet the projected growth in the packaged beverage market over the coming years," he said. The company plans to invest 2.5 billion rupees to set up the facility and has also provisioned to spend 3 billion rupees in the second phase, Krishnakumar said, adding Coca-Cola had so far invested more than $1 billion in its Indian operations.
The new plant would be in addition to two bottling plants already operational in the state, he said. Coca-Cola currently has 23 company owned bottling facilities, 22 franchise-owned plants and 11 contract packing units in India. ($1=45.6 rupees)
Related Articles"We want to ensure that we create adequate capacity to meet the projected growth in the packaged beverage market over the coming years," he said. The company plans to invest 2.5 billion rupees to set up the facility and has also provisioned to spend 3 billion rupees in the second phase, Krishnakumar said, adding Coca-Cola had so far invested more than $1 billion in its Indian operations.
The new plant would be in addition to two bottling plants already operational in the state, he said. Coca-Cola currently has 23 company owned bottling facilities, 22 franchise-owned plants and 11 contract packing units in India. ($1=45.6 rupees)
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Article Tags: Bottling Franchise, Coca Cola, cocacola co, Franchise India, new india, rupees, south india, T Krishnakumar
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