KTR the Minister for IT and Industries has hit a six again. Hindustan Coca-Cola Beverages (HCCB) announced that it will set up a second factory in Telangana with an investment of Rs 1,000 crore.
The plant for cool drinks, juices and water will come up at Food Processing Park at Bandathimmapur in the Siddipet district.
Coca Cola will invest Rs 600 crore in the plant in the first phase and another Rs 400 crore in the subsequent phases to take the total investment to Rs 1,000 crore in the next five years, said Telangana’s minister for industries, K.T. Rama Rao, at an event with the company leadership.
The company CEO Neeraj Garg, Chief Commercial Officer, Bottling Investment Group, Juan Pablo Rodriguez Trovato, Principal Secretary, industries and commerce, the government of Telangana, Jayesh Ranjan were present.
Coca-Cola will be setting up the second bottling plant for HCCB in Telangana. This is expected to double the company’s manufacturing capacity to cater to the sales in the region for the next 10 years.
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