Hindustan Coca-Cola Beverages, the bottling arm of beverage giant Coca-Cola in India, will be setting up its second factory in Telangana with an investment of ₹600 crore.
The company, whose existing plant in the State is at Ameenpur, near Hyderabad, has been allotted 48.53 acres at the Bandathimmapur Food Processing Park, Siddipet district, by Telangana State Industrial Infrastructure Corporation for the proposed facility. It will be a state-of-the-art, digitally enabled, automated, smart factory to manufacture juices, enhanced water, packaged water as well as sparkling beverages and expected to be ready for commercial production at the end of 2023.
HCCB will be investing ₹600 crore on the first phase followed by another ₹400 crore in subsequent phases over the next five years, Telangana Industries and IT Minister K.T. Rama Rao told a programme here on Thursday in which the company also entered into three memoranda of understanding with the State government.
