Coca Cola uncorks plans for investing Rs 700 crore in third greenfield plant in Telangana

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HYDERABAD: Fast shifting client items big Coca Cola has uncorked plans for its third greenfield facility in Telangana at an funding of Rs 700 crore.
The proposed facility, to be arrange by the American big’s wholly-owned subsidiary Hindustan Coca Cola Beverages Pvt Ltd (HCCB), is slated to return up in Peddapalli district.
The announcement was made by Telangana industries & IT minister Duddilla Sridhar Babu’s workplace after he, together with Telangana roads & buildings and cinematography minister Komatireddy Venkatreddy, met the senior management workforce of Coca Cola, together with its head of fiscal coverage Jonathan Reif.at its headquarters in Atlanta.
During the assembly, the Coca Cola management confirmed that they are going to be organising the brand new facility in Peddapalli district, the place they’ve already shortlisted websites for the unit.
“This decision marks a significant shift of new large-scale manufacturing capacities by multinational companies into the hinterland of the state, away from Hyderabad, thereby leading to a more distributed industrial growth in the state, in line with the priority of the new government,” the industries minister stated in an announcement.
The minister additionally urged the Coca Cola prime brass to arrange a Coca Cola know-how world functionality centre in Hyderabad as a part of their IT technique.
Sridhar Babu is heading a delegation to the US as a part of efforts to pitch Telangana as a world funding vacation spot. The delegation consists of Telangana IT & industries particular chief secretary Jayesh Ranjan, TSIIC vice chairman & managing director and particular secretary Dr Vishnu Reddy.
In March this 12 months, a senior delegation of HCCB, led by its CEO Juan Pablo Rodriguez, had met Telangana chief minister A Revanth Reddy and mentioned plans for organising a brand new facility in the state.
In April 2022, HCCB had introduced its second manufacturing unit in the state at a 49-acre parcel of land at Bandathimmapur meals processing park in Siddpet district at an funding of Rs 1000 crore. Its first plant at Ameenpur in Telangana is one in every of HCCB’s largest.


Nilesh Desai
Nilesh Desaihttps://www.TheNileshDesai.com
The Hindu Patrika is founded in 2016 by Mr. Nilesh Desai. This website is providing news and information mainly related to Hinduism. We appreciate if you send News, information or suggestion.

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