Coca Cola to set up plant worth Rs 1,000 crore in Siddipet
Coca Cola | The department of Industries and Commerce and the Hindustan Coca-Cola Beverages (HCCB) today signed a memorandum of understanding (MoU) for capacity building of organisations in the areas of water, solid waste management and skill building.
The State government has a progressive industrial policy and is encouraging food processing sector in the state with the objectives of increasing farmer income, reducing food wastage and improving value addition. This partnership will benefit existing and upcoming industries.
HCCB also announced that it will be setting up a second factory in the State at the Bandathimmapur Food Processing Park, Siddipet district. The company will invest up to Rs 600 crore in the first phase, to build a state-of-the-art, digitally enabled, automated, smart factory that will manufacture juices, enhanced water, packaged water, and sparkling beverages. A digital, smart factory promotes women employment as has been the case at two new factories at Sanand (Gujarat) and Raninagar (West Bengal) which employ 40% and 65% women respectively. The HCCB factory at Bandathimmapur is expected to be ready for commercial production at the end of 2023. The Telangana State Industrial Infrastructure Corporation (TSIIC) has already allotted 48.53 acres of land to theHCCB at the Food Park.
Coca Cola
Juan Pablo Rodriguez, Chief Commercial Officer, Bottling Investments Group, The Coca-Cola Company and Neeraj Garg, Chairman & CEO, Hindustan Coca-Cola Beverages made the announcement in the presence of K T Ramarao, Minister for Municipal Administration & Urban Development, Industry & Commerce, IT, Electronics and Communication and Jayesh Ranjan, Principal Secretary, Industries & Commerce and IT. These announcements add to the vigour of the #25thanniversary celebrations of HCCB. The company already operates a mega factory at Ameenpur.
Congratulating the company on the announcements, KTR said, “Telangana values HCCB’s presence in the State of over two decades. By announcing the establishment of a second factory on its 25th anniversary and through the strategic partnerships that have been signed up, HCCB’s commitment to the State deepens. I congratulate the company, its employees, and its partners for the milestone of 25 years. When a large corporation like HCCB chooses to re-invest in a State, it demonstrates the ease of doing business. Telangana is amongst India’s most progressive states with policies that provide confidence. We understand that industrial growth and development done in a sustainable manner is important for the progress of people in the State. Telangana is home to some of the most big and famous corporate names in the world because of our policies. We would like all of you to be the ambassador of our state. While we want HCCB to invest more and more in Telangana, we also welcome other players to come and establish their presence.”
MOUs signed today with HCCB
Jayesh Ranjan, said, “The Industries and Commerce department takes pride in the Telangana state being recognized as one of the most progressive. The MOUs signed today with HCCB, demonstrates how we bring all stakeholders together for the growth and development of the industry and the state. On one hand, the two parties will conduct capacity building for existing and upcoming water use intensive industries in Telangana to improve water efficiency and enhance wastewater management & reuse. On the other, Govt of Telangana and HCCB will collaborate to impart skill training to over 10,000 youth in two years. We would also facilitate support to establish local vendors for the manufacturing unit through development of MSME units and through linkages with farmer producer organizations
Neeraj Garg, Chairman & CEO, HCCB, said “We value the support and encouragement that we receive from the State. We will shortly begin work on the new green field and expect to dedicate it to the people of Telangana before the end of 2023. Our ambition is to build an engineering marvel that can have equal representation of genders at the shop floor.
Juan Pablo Rodriguez, Chief Commercial Officer of Bottling Investments Group, The Coca-Cola Company, also spoke.
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