Coca Cola to invest $250 mn in India

Image
Press Trust of India Kolkata
Last Updated : Jan 20 2013 | 9:47 PM IST

President and CEO of Coca Cola India Atul Singh said, "We are committed to investments in India. The company will invest $250 million in the country over the next three years."     

He said that the BRIC nations (Brazil, Russia, India and China) are strategic countries on which the company is focusing.     

The company would focus on the sparkling drink, juice and its drinks, water and Georgia tea and coffee segments.     

He said that although Coca Cola has 400 brands under its fold globally, the company would introduce newer brands in India at an opportune time.     

Also Read

In the sparkling drink category in India, Coca-Cola is the market leader with a market share of over 60 per cent.     

Singh said that the investments would go towards brand promotion and purchase of equipment.

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jul 04 2008 | 3:30 PM IST

Next Story