Coca-Cola to Invest Additional $3 Billion in India
The Coca-Cola Company and its bottling partners are to spend an additional $3 billion in India, increasing total invest in the country to $5 billion from 2012 to 2020. The investments will be in innovation, expansion of the distribution network, cold drink equipment placement and augmentation of manufacturing capacity.
The Coca-Cola system has already invested more than $2 billion in India since it re-entered the country in 1993. The Coca-Cola India system currently directly employs more than 25,000 people and is estimated to have created indirect employment for more than 150,000 people in related industries through its vast procurement, supply chain and distribution system.
“Achieving continued sustainable, responsible growth in India is core to achieving our 2020 Vision of doubling system revenues in this decade,” says Muhtar Kent, chairman and chief executive of The Coca-Cola Company.
Worldwide, The Coca-Cola Company and its bottling partners are investing more than $30 billion over the next five years to support anticipated growth. These investments range from new manufacturing facilities to new distribution systems to new marketing investments in emerging economies.
