Coca-Cola to continue with its $5 bn investment in India

Coca-Cola to continue with its $5 bn investment in India
Beverages giant Coca-Cola will continue with its $5 billion investment to make India its fifth-biggest market globally, despite the current economic slowdown in the country, said the media report.

"We remain committed to our $5 billion investments which we announced in 2012...We remain very positive about the long-term outlook for India," Coca-Cola India and South West Asia Deputy Business Unit President,ctold media.

The investment is intended to lift India from its current seventh rank globally over the next few years, he added.

Earlier this week, Coca-Cola inaugurated its 58th bottling plant in the country in Chatta, on which its franchise partner has invested over Rs 135 crore.

In the third quarter ended September 30, the company posted a 6 per cent volume growth in India compared with 1 per cent in the previous quarter.

Read more about: investment, coca cola
Story first published: Monday, October 28, 2013, 9:10 [IST]
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