INDIA: Coca-Cola Co. to invest in India

By | 3 December 2007

The Coca-Cola Co. is looking to invest in India over the next three years in an effort to expand its operations in the country.

Speaking to Dow Jones in Inida yesterday (2 December), the company's president and COO said that the company intends to invest US$250m "in infrastructure" to aid expansion plans.

"India is a very important market for not just what it is today, but also for the growth potential and also in terms of being a growth market," Muhtar Kent told the news agency.

Coca-Cola has invested $1bn in India since 1993, Kent added, highlighting that the company plans to increase its current number of employees in India with the aim of increasing its capacity.

"We are growing in India rapidly, quarter after quarter, and we need to invest in infrastructure to ensure that the growth continues," Kent added.

Last month, Coca-Cola India was said to be in talks Tata Tea to create a joint venture in the country. Local reports claimed that the two were in advanced talks with a view to entering the enhanced water and iced tea categories in the country.

Companies: Coca-Cola Co

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