Coca Cola to invest Rs 700 Crore in Third Greenfield Plant in Telangana

Fast moving consumer goods giant Coca Cola has uncorked plans for its third greenfield facility in Telangana at an investment of Rs 700 crore.

The proposed facility, to be set up by the American giant’s wholly-owned subsidiary Hindustan Coca Cola Beverages Pvt Ltd (HCCB), is slated to come up in Peddapalli district.

The announcement was made by Telangana industries & IT minister Duddilla Sridhar Babu’s office after he, along with Telangana roads & buildings and cinematography minister Komatireddy Venkatreddy, met the senior leadership team of Coca Cola, including its head of fiscal policy Jonathan Reif. at its headquarters in Atlanta.

During the meeting, the Coca Cola leadership confirmed that they will be setting up the new facility in Peddapalli district, where they have already shortlisted sites for the unit.

The minister also urged the Coca Cola top brass to set up a Coca Cola technology global capability centre in Hyderabad as part of their IT strategy.

Sridhar Babu is heading a delegation to the US as part of efforts to pitch Telangana as a global investment destination.

 The delegation includes Telangana IT & industries special chief secretary Jayesh Ranjan, TSIIC vice chairman & managing director and special secretary Dr Vishnu Reddy.