New York: Telangana delegation led by Industries Minister KT Rama Rao met with James Mc Greevy, Vice President, PPGR of Coca-Cola in New York. In the meeting, Mr. Mcgreevy mentioned that India being the 3rd largest market for Coca-Cola in the world, Coca-Cola has significant plans to increase their presence and capacities in India. As a part of this expansion, Coca-Cola has decided to double down on its investments in Telangana.
Coca-Cola has one large plant in Ameenpur established by their fully owned bottling company in India - Hindustan Coca Cola Beverages. In 2020, HCCB invested Rs 142 Crores for the expansion of the plant. Further, a new green field plant is under construction in Siddipet district in Telangana for which HCCB had signed an MoU with the Government of Telangana on April 7, 2022 with a commitment to invest Rs 1,000 Crores.
Bolstered by the support from Telangana government, quick execution of their plant under construction and strong growth in the region, HCCB has committed an additional investment of Rs 647 Crores to install new lines in the under-construction plant. The plant is expected to be completed by Dec 2024.
Further, a second green field manufacturing facility with a similar scale is being envisaged in the Karimnagar/Warangal region. With this new facility, the total investments of Coca-Cola in manufacturing capacities will exceed Rs 2,500 Crores. This is one of fastest capacity expansions by Coca-Cola in recent times.
