-Galla S Kiran Kumar,Bureau Chief Telagana (Andhra Pradesh)
Coca-Cola Company has decided to invest heavily in Telangana. Recently, she disclosed her additional investment plans to Minister KTR.
Hyderabad: Coca-Cola Company has decided to invest heavily in Telangana. Recently, she disclosed her additional investment plans to Minister KTR. To this extent, the vice president of that organization James Make Grivy met with KTR who was on a visit to America. James said that India is the third largest market for their company and they are moving forward with the strategy of expanding their operations. As part of this, they explained that they are doubling their investments in Telangana.
Another Rs.647 crore for the Siddipet plant
He said that in the past more than Rs.100 crores had been invested for the expansion of the company’s huge bottling plant at Aminpur in Sangareddy district. In addition to this, an MoU was signed with the Telangana government on April 22 for the construction of a new bottling plant at a cost of Rs.1,000 crore in Siddipet district. Keeping in view the business growth, they are ready to invest an additional Rs.647 crore in the Siddipet district plant which is currently under construction. Company representatives said that this plant, which is currently under construction, will be completed by December 24.
In Karimnagar or Warangal..!
In addition, the company has announced that they are ready to set up a second new manufacturing center. It is said that this manufacturing center is likely to come up in Karimnagar or Warangal area. The representatives of the Coca-Cola Company told Minister KTR that the investment of the proposed new manufacturing plant would be about Rs.2,500 crores.
Thank you Minister KTR
Minister KTR thanked Coca-Cola for its decision to double its investment. He said that all necessary support will be provided for the new second manufacturing center proposed by the company soon. He said that the recent additional investment announced by the Coca-Cola Company stands as a proof that large-scale investments are coming to Telangana state in all sectors.
