Coca-Cola to invest extra US$3bn in India

Coca-Cola India announced that the company will invest an additional US$3 billion in India through 2020 to further capture growth opportunities in the country’s fast-growing non-alcoholic ready-to-drink (NARTD) beverage market.
The Coca-Cola system now plans to invest $5 billion in India from 2012 to 2020.
“Achieving continued sustainable, responsible growth in India is core to achieving our 2020 Vision of doubling system revenues in this decade,” said Muhtar Kent, chairman and chief executive of Coca-Cola.
“Our ongoing investment in India is focused on delivering innovation, partnerships and a portfolio that enhances the consumer experience, ensures product affordability and builds brand loyalty to deliver long-term growth.”
NARTD beverages have enormous growth potential in India, said the company.
Coca-Cola India has registered unit case volume growth in India for the past 23 quarters, 17 of which have seen double-digit growth.
"Two of the Company’s core sparkling brands – Thums Up and Sprite – are the country’s top selling soft drink brands while brand Coca-Cola is one of the country’s fastest growing sparkling brands, most recently reporting 27 per cent growth in the first quarter. In the still beverage category, Coca-Cola’s Maaza is India’s largest selling juice drink," said an official spokesperson.
The Coca-Cola system has already invested more than US$2 billion in India since it re-entered the country in 1993. Today’s announcement brings the total investment number to US$7 billion since reentry into India.
The Coca-Cola India system currently directly employs more than 25,000 people and is estimated to have created indirect employment for more than 150,000 people in related industries through its vast procurement, supply chain and distribution system.
Atul Singh, president and chief executive Coca-Cola India and Southwest Asia, said, “India is a strategic growth market for The Coca-Cola Company, ranking among our top 10 markets in volume globally and as the largest market in the Eurasia and Africa Group.
"Our India business has been growing at a robust rate over the last five years, and our goal is to continue this momentum. The country’s demographics, economic and social parameters are all huge drivers of growth and we have to ensure that we continue to grow our offerings to be the non-alcoholic, ready-to-drink beverage company of choice for local consumers.”
Coca-Cola India announced that the company will invest an additional US$3 billion in India through 2020 to further capture growth opportunities in the country’s fast-growing non-alcoholic ready-to-drink (NARTD) beverage market.
The Coca-Cola system now plans to invest $5 billion in India from...
Coca-Cola India announced that the company will invest an additional US$3 billion in India through 2020 to further capture growth opportunities in the country’s fast-growing non-alcoholic ready-to-drink (NARTD) beverage market.
The Coca-Cola system now plans to invest $5 billion in India from 2012 to 2020.
“Achieving continued sustainable, responsible growth in India is core to achieving our 2020 Vision of doubling system revenues in this decade,” said Muhtar Kent, chairman and chief executive of Coca-Cola.
“Our ongoing investment in India is focused on delivering innovation, partnerships and a portfolio that enhances the consumer experience, ensures product affordability and builds brand loyalty to deliver long-term growth.”
NARTD beverages have enormous growth potential in India, said the company.
Coca-Cola India has registered unit case volume growth in India for the past 23 quarters, 17 of which have seen double-digit growth.
"Two of the Company’s core sparkling brands – Thums Up and Sprite – are the country’s top selling soft drink brands while brand Coca-Cola is one of the country’s fastest growing sparkling brands, most recently reporting 27 per cent growth in the first quarter. In the still beverage category, Coca-Cola’s Maaza is India’s largest selling juice drink," said an official spokesperson.
The Coca-Cola system has already invested more than US$2 billion in India since it re-entered the country in 1993. Today’s announcement brings the total investment number to US$7 billion since reentry into India.
The Coca-Cola India system currently directly employs more than 25,000 people and is estimated to have created indirect employment for more than 150,000 people in related industries through its vast procurement, supply chain and distribution system.
Atul Singh, president and chief executive Coca-Cola India and Southwest Asia, said, “India is a strategic growth market for The Coca-Cola Company, ranking among our top 10 markets in volume globally and as the largest market in the Eurasia and Africa Group.
"Our India business has been growing at a robust rate over the last five years, and our goal is to continue this momentum. The country’s demographics, economic and social parameters are all huge drivers of growth and we have to ensure that we continue to grow our offerings to be the non-alcoholic, ready-to-drink beverage company of choice for local consumers.”
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