Coca-Cola To Double Its Investments In Telangana

Coca-Cola has decided to double its investments in Telangana.

These will be separate from the Hindustan Coca-Cola Beverages plant in Ameenpur, and will include the greenfield plant that is under construction in Siddipet.

A Telangana delegation led by Minister for IT and Industries K T Rama Rao called on James McGreevy, Vice President (PPGR) of Coca-Cola, in New York. During the meeting, the top officials of Coca-Cola said that Hindustan Coca-Cola Beverages Pvt Ltd would invest and additional Rs 647 crore in the greenfield plant under construction at Banda Thimmapur, Siddipet.

The latest announcement takes the total investment on this plant to Rs 1,647 crore from the Rs 1,000 crore announced earlier.

Further, a second green field manufacturing facility of a similar scale is being envisaged in the Karimnagar / Warangal region. With this new facility, the total investments of Coca-Cola in manufacturing capacities in the State will exceed Rs 2,500 crore.

This is one of the fastest capacity expansions by Coca-Cola in recent times, according to an official statement.

The company further said that the support from the Telangana government, quick execution of their plant under construction and strong growth in the region have encouraged the HCCB to increase its investment in Telangana.

The company had invested Rs 142 crore in 2020 originally for the expansion of the Ameenpur plant. On April 7, 2022, the HCCB signed an MoU to establish a new greenfield plant at Banda Thimmapur. Fulfilling the commitment, the company broke ground in September 2022, and the plant is expected to commence operations in December 2024.

Principal Secretary (Industries and Commerce) Jayesh Ranjan, Special Secretary (Investment Promotion & NRI Affairs) E Vishnu Vardhan Reddy, and Director (Food Processing) Akhil Gawar were present at the meeting with McGreevy in New York.