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Global soft drinks giant Coca-Cola has recently proposed to set up a Rs 1,000 crore plant in Telangana, India’s youngest state. For this, the company has sought support from the state government, including land for the mega bottling plant. The plant will be set up by Hindustan Coca-Cola Beverages Pvt Ltd (HCCB), company’s bottling partner in India
According to an official press release from the government, Coca Cola vice president Irial Finan and HCCB chief executive officer T Krishnakumar met chief minister K Chandrasekhar Rao in Hyderabad to express their interest in investing in Telangana. The chief minister has promised to extend support to the company, including identifying suitable land for the proposed plant, says the release. Telangana chief secretary Rajeev Sharma and Telangana Industrial Infrastructure Corporation managing director Jayesh Ranjan were also present during the discussion.
According to the company, Telangana could be the biggest market for soft drinks in the country. The company’s officials have assured the chief minister that the company would participate in the state’s community development programmes.
Coca-Cola’s rival Pepsi Co has already invested more than Rs 1,200 crore to set up a bottling plant in Sri City Industrial Park in Andhra Pradesh, close to Tamil Nadu border. It also has a beverage manufacturing plant in Sangareddy in Medak district of Telangana.