Coca-Cola Unveils Indian Expansion Plan

Coca-Cola Company will invest nearly INR5.5bn ($121m) in a new manufacturing facility, to be built in Karnataka, India.

The beverage giant will invest INR2.5bn ($54m) in the first phase of the plant, which will produce sparkling and soft drinks, from now until 2013

Hindustan Coca-Cola Beverages, a wholly-owned bottling unit of Coca-Cola, said an additional INR3bn ($65m) will be spent on the second phase, which will be constructed in 2013-15.

The total investment will increase Coca-Cola’s total investment in India to more than $1.2bn.

In the second quarter of this year Coca-Cola’s sales volumes in India reported a 22% rise.