The Coca-Cola Co. has been given the go-ahead by the Indian government to invest in its soft drinks arm in India.

A statement today (18 April) from the Cabinet Committee on Economic Affairs (CCEA) said it had approved the investment of US$52.4m in Hindustan Coca-Cola Holdings "to predominantly fund capital expenditure in their subsidiary Hindustan Coca-Cola Beverages (HCCB)".
 
The CCEA added that the approval would be subject to compliance with pricing guidelines and adherence of the "issuance of shares against application money".