Coca Cola to invest Rs 550 cr to on a new plant in India

The new facility is being set up by Hindustan Coca-Cola Beverages, an Indian subsidiary of the firm, at an initial investment of Rs 250 crore.

"We have also provisioned to infuse an additional Rs 300 crore in the second phase," Hindustan Coca-Cola Beverages Chief Executive Officer, T Krishnakumar said.

The company expects work for setting up the plant to begin as soon as "we are in receipt of all government clearances", he added, but did not specify on the production capacity.
The proposed plant, which will be the third unit of the company in the state, will roll out a range of sparkling and still beverages, juices and juice drinks.

"The new facility will help us cater to consumer demand in the states of Karnataka, Andhra Pradesh and Maharashtra," Krishnakumar said.

Coca Cola has so far invested over USD one billion in India. It has has 55 bottling operations, of which 23 are owned by the company and rest are franchisee owned. Besides, 11 contract packers manufacture a range of products for it.
It manufacturers and sells carbonated and non-carbonated beverages including Coca Cola, Thumps Up, Sprite, Fanta, Limca, Maaza, Kinley and Georgio. PTI VJR RKL MR

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