Coca-Cola to invest $250 mn in India over three years

Friday, 17 August 2007, 07:00 Hrs
Printer Print Email Email
New Delhi: Soft drink giant Coca-Cola Friday said it would invest $250 million in India over the next three years to expand its product portfolio and strengthen the firm's infrastructure.

"We are investing around $250 million within the next three years towards enhancing our infrastructure for sales equipment, bottling lines, other equipment, transport and logistics," Atul Singh, president and CEO of Coca-Cola India, said at a press conference here.

The company also unveiled some of its new products that would be rolled out across the country in phases.

"We are constantly exploring several beverage opportunities like energy drinks, sports drinks, flavoured water and juices," Singh said.

The company currently has 61 bottling plants and is on the lookout to open more across the country.

"We continue to evaluate where we would set up bottling plants. As part of our infrastructure development strategy we would put the bottling plants where there is a market," Singh said.

Coca-Cola India, which has already invested over $1.2 billion in India and employs 150,000 people, is also planning to set up a retail university to equip Indian retailers with the right techniques, tools and knowledge.
Source: IANS
SPOTLIGHT
SpiceJet plans aggressive
Budget passenger carrier SpiceJet plans to aggressively expand its international networks to fl..
Ola raises Rs 400 cr for electric
Leading ride-hailing cab aggregator Ola on Friday said it raised Rs 400 crore from its early in..
GST rate cut to spur Bengaluru
The realty market in India's tech hub is set to grow as lower Goods and Services Tax (GST) rate..
Fossil Group sells smartwatch
Global watch and accessories maker Fossil Group has announced to sell its smartphone technolog..