Advertisement

HindustanTimes Mon,15 Sep 2014

Coca-Cola plans Rs. 1,000-crore bottling plant in Telangana

PTI  Hyderabad, August 11, 2014
First Published: 20:42 IST(11/8/2014) | Last Updated: 21:02 IST(11/8/2014)

Hindustan Coca-Cola Beverages, The Coca-Cola Company's largest bottling partner in India, has expressed interest to set up a Rs. 1,000-crore bottling plant in Telangana and has sought land for the proposed venture.

"Executive Vice President of the company (The Coca-Cola Company) and President, Bottling Investments, Irial Finan and the Chief Executive Officer of Hindustan Coca-Cola Beverages Pvt Ltd (HCCB), the company-owned bottler in India, T Krishnakumar, conveyed the proposal when they called on Chief Minister K Chandrasekhar Rao at the Secretariat here," an official release said.

The release quoted Finan as saying that the company is interested in setting up a mega plant with Rs. 1,000 crore investment in the State and needs the support of government for the purpose.

The Chief Minister assured the delegation of full support from his government, including identifying suitable land for the proposed plant, the release said.

Telangana Chief Secretary Rajeev Sharma, Principal Secretary to Chief Minister, S Narsing Rao and Managing Director of Telangana Industrial Infrastructure Corporation, Jayesh Ranjan were present at the meeting.

According to Coca-Cola website, Finan is responsible for managing a multi-billion dollar internal bottling business, the Bottling Investments Group (BIG).

BIG has operations on four continents (South America, Europe, Africa and Asia), with revenues of over USD 8 billion and employs in excess of 60,000 people.


Advertisement
more from Business

India’s richest eye slice of Alibaba’s mega $21.1-billion initial public offering

Chinese e-commerce giant Alibaba.com, which is looking to raise a mammoth $21.1 billion (Rs 126.6 lakh crore) by listing on the United States stock market, is generating huge interest among investors worldwide, including among high net worth individuals in India.
markets
Advertisement
Most Popular
Advertisement
Advertisement
Copyright © 2014 HT Media Limited. All Rights Reserved