Coca-Cola, the global beverage giant, is gearing up for a significant expansion with the establishment of a new greenfield plant in Telangana’s Peddapalli district. This venture, set to receive an investment of Rs 700 crore, will be spearheaded by Hindustan Coca-Cola Beverages (HCCB), the company’s wholly-owned bottling arm. The decision follows productive discussions between senior executives, including Jonathan Reif, Head of Fiscal Policy at Coca-Cola, and a ministerial delegation led by Minister Sridhar Babu, held at Coca-Cola’s headquarters in Atlanta, United States.
Minister Sridhar Babu lauded the move, highlighting its potential to catalyze industrial growth beyond Hyderabad, aligning with the government’s vision of decentralized development. Emphasizing Telangana’s commitment to facilitating multinational companies’ expansion endeavors, the Minister underscored the government’s dedication to providing essential infrastructure, utilities, permissions, and skilled manpower for the forthcoming facility.
HCCB’s CEO Juan Pablo Rodriguez and senior executives had previously discussed expansion plans, including the establishment of the Rs 700 crore greenfield plant, with Chief Minister A. Revanth Reddy and Minister Sridhar Babu, receiving assurance of government cooperation and support.
In addition to this new venture, HCCB is on the brink of commencing commercial production at its recently constructed Rs 1,600 crore manufacturing facility near Hyderabad, a testament to the company’s steadfast commitment to bolstering its operational footprint in the region.
Telangana already hosts one of HCCB’s largest plants in Ameenpur, which witnessed a Rs 142 crore investment for expansion in 2020. Moreover, in April 2022, the company inked a Memorandum of Understanding (MoU) with the state government, committing to invest Rs 1,000 crore in a new greenfield plant in Siddipet, further solidifying its long-term commitment to the region’s economic growth and development.