Coca-Cola to set up US$359.58M bases and concentrates plant in India
INDIA – The Coca-Cola Company has announced plans invest Rs 3,000 crore (US$359.58M) to establish a cutting-edge bases and concentrates plant in Sanand, Gujarat.
The American multinational aims to attract foreign direct investment (FDI) through its subsidiary, International Refreshments (India) Private Limited (IRIPL), signalling a significant commitment to bolstering its presence in the region, as reported by TOI on December 8.
The state government has allocated a substantial 1.6 lakh square meters of land (SM-52) in the Sanand-II Industrial Estate for the new factory.
Government sources have confirmed that the approval process has been expedited, underscoring the collaborative efforts between the Coca-Cola Company and the state of Gujarat.
This marks Coca-Cola’s third major investment in Gujarat, following previous significant investments made through its bottling partner, Hindustan Coca-Cola Beverages Limited.
The upcoming plant in Sanand is poised to be a technological marvel, boasting full automation and incorporating advanced features such as robotic technology, the Internet of Things (IoT), and machine-learning devices for real-time monitoring and control of manufacturing processes.
Automated storage and retrieval systems will further enhance operational efficiency, aligning with Coca-Cola’s commitment to adopting cutting-edge technologies.
As the construction phase commences, the company plans to employ approximately 1,000 individuals, encompassing both skilled and unskilled workers.
Post-construction, the plant is expected to provide jobs for around 400 individuals in operational and engineering roles, with a specific focus on promoting gender diversity, as outlined in the TOI report.
The Coca-Cola Company’s strategic investment in this facility not only reflects its confidence in the region’s economic landscape but also underscores its dedication to technological innovation and sustainable business practices.
The news follows an earlier announcement by the beverage giant on its intentions to enter into the Ready-To-Drink tea market, with the launch of ‘Honest Tea’ beverage.
The organic green tea for the product will be sourced from Kolkata-based Luxmi Tea Co Private Ltd’s Makaibari Tea Estate, company officials said.
An MoU in this regard was signed between the two companies and at the seventh edition of the Bengal Global Business Summit (BGBS) here.
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