Coke to complete all its investment commitments
Global FMCG major Coca-Cola is on track to complete all its investment commitments in India, including the $1.7 billion funding to create a "Fruit Circular Economy" meant to aide the Indian agri-ecosystem, a senior company executive said.
New Delhi: Global FMCG major Coca-Cola is on track to complete all its investment commitments in India, including the $1.7 billion funding to create a "Fruit Circular Economy" meant to aide the Indian agri-ecosystem, a senior company executive said.
The planned investment of $5 billion announced by the company in 2012 is expected to be completed by 2020 for retail infrastructure creation, bottling plants and introduction of new products, amongst others.
Since its re-entry into India in 1993 till 2011, Coca-Cola invested $2 billion in the country. "We are on track with our investment commitments of $5 billion by 2020.
That's on track," a senior executive with the beverages major's India arm said.
Additionally, the company has committed an investment of $1.7 billion or more than Rs 11,000 crore towards creating a "Fruit Circular Economy" aiding the Indian agri-ecosystem for the next five years till 2023.
"This investments will help catalyse the entire fruit value chain helping take them from the grove to the glass," the executive said.
Apart from its planned investments, Coca-Cola India has initiated the next stage of its transformation into a "growth-oriented, consumer-centred, Total Beverage Company".
"As part of this journey, we continue to expand our beverages portfolio to provide more choices to our customers across our Indian and global portfolio," the executive said.
The company recently set up a new business venture division to incubate and scale-up new businesses.
