Coca Cola Invests Rs 700 Crores in New Telangana Plant, Boosting Rural Growth

Coca Cola to Establish New Plant in Rural Telangana, Promoting Distributed Industrial Growth

Hyderabad June 08,2024 Telangana, India – The Coca-Cola Company, through its wholly owned subsidiary Hindustan Coca Cola Beverages Pvt. Ltd. (HCCB), is set to significantly expand its manufacturing capacity in Telangana with the addition of a new greenfield plant. This substantial investment, amounting to Rs 700 Crores, underscores the region’s robust growth prospects and the favorable industrial ecosystem fostered by the state.

A high-level ministerial delegation from Telangana recently visited Coca Cola’s headquarters in Atlanta, United States. The delegation was led by Hon’ble Minister for IT, Industries & Commerce, D. Sridhar Babu, and Hon’ble Minister for R&B and Cinematography, Komatireddy Venkatreddy. They were accompanied by Special Chief Secretary of IT and Industries & Commerce, Jayesh Ranjan, Special Secretary and VC&MD TSIIC, Dr. Vishnu Vardhan Reddy, CEO TSIIC, V. Madhusudhan, and Advisor to the IT Minister, I. Sai Krishna.

During the meeting, Coca Cola’s Head of Fiscal Policy, Jonathan Reif, confirmed the establishment of the new plant in the Peddapalle district. The company has already shortlisted potential sites for the facility. Minister Sridhar Babu highlighted the significance of this decision, stating, “This decision marks a significant shift of new large-scale manufacturing capacities by multinational companies into the hinterland of the state, away from Hyderabad. This will lead to a more distributed industrial growth in the state, aligning with the priorities of the new government.”

In addition to discussing the new plant, the Telangana delegation proposed the idea of setting up a Coca Cola Technology Global Capability Center in Hyderabad to enhance the company’s IT strategy. This initiative is expected to further bolster Telangana’s position as a leading hub for technology and innovation in India.