HCCB to launch Rs 1,387-crore Maharashtra greenfield factory in Feb

Hindustan Coca-Cola Beverages (HCCB), the bottling arm of Coca-Cola in India, held its groundbreaking ceremoney for its greenfield factory at the MIDC Lote-Parshuram Industrial Area, Khed in Ratnagiri, Maharashtra, with an estimated investment of Rs 1,387 crore.
 

The factory is expected to commence operations in February, covering an area of 88 acres, and is projected to create direct and indirect employment opportunities for 350 individuals, it said in a press release.

The facility will utilise water sourced from the Vashishti River, supplied through the MIDC pipeline. The groundbreaking ceremony witnessed the presence of Maharashtra Chief Minister Eknath Shinde, and the State Industries Minister Uday Samant, alongside HCCB Chief Executive Officer Juan Pablo Rodriguez and other senior leaders from the company.

“This significant milestone in the journey of HCCB symbolises not only the planting of seeds for growth, sustainability, and community partnership in the fertile land of Maharashtra but also serves as a testament to the conducive business environment in the state. This upcoming facility represents our continued commitment and belief in the potential of Maharashtra, reflecting our shared history of over two decades,” Rodriguez said.

“This is not only an industrial milestone but also a testament to the Government of Maharashtra’s commitment to fostering a synergistic relationship between industrial growth and social welfare. As we continue to propel our industrial and social development agenda forward, the state government values the role of companies like HCCB, which augment our efforts in making Maharashtra a beacon of sustainable and equitable growth,” Shinde said in the release.