Hyderabad : Hindustan Coca-Cola Beverages (HCCB) on Thursday announced that it will set up a second factory in Telangana with an investment of Rs 1,000 crore.
The plant for carbonated drinks, juices and water will be set up at the Food Processing Park at Bandthimmapur in Siddipet district.
Telangana Industries Minister KT Rama Rao said at an event that the company would invest Rs 600 crore in the plant in the first phase and Rs 400 crore in the subsequent phases, taking the total investment to Rs 1,000 crore over the next five years. Company leadership.
HCCB CEO Neeraj Garg, Chief Commercial Officer, Bottling Investment Group, Juan Pablo Rodriguez Trovato, Principal Secretary, Industries and Commerce, Government of Telangana, Jayesh Ranjan were present.
This will be HCCB’s second bottling plant in Telangana. It is expected to double the company’s manufacturing capacity for the next 10 years to meet the sales in the region.
The state government has allotted 49 acres of land for the upcoming plant. The minister assured the company that they can go ahead with the construction without waiting for approval under the state’s self-certification industrial policy.
KTR, as the minister is popularly known, said that the plant will employ a lot of personnel. He appreciated the company’s announcement that more than 50 percent of the employees would be women. The company plans to start operations by the end of 2023.
HCCB also signed a Memorandum of Understanding with the Government of Telangana for a long-term strategic partnership. Under the MoU, HCCB will help other industries in the state in water resource management, better management of solid waste and skill building among the youth. Firstly, the company will train 10,000 youth in partnership with Telangana Academy of Skills and Knowledge (TASK).