Coca-Cola to invest $2bn in India

15 November 2011 (Last Updated November 15th, 2011 18:30)

Coca-Cola has announced to invest $2bn in India over the next five years, as part of the company's $30bn investment plan across the world.

Coca-Cola has announced to invest $2bn in India over the next five years, as part of the company's $30bn investment plan across the world.

The drinks company said the funds will be used to enhance infrastructure, open new lines in existing bottling plants and the setting up of a new greenfield facility on Karnataka.

The firm will also invest to build cold-storage assets, expand rural and urban distribution, as well as trucking strength.

Coca-Cola currently operates 56 bottling plants in India, of which 21 are franchise plants, 23 are company-owned and 12 are contract packaging plants.

Last year, the company announced it is aiming to double its global revenues by 2020; in 2010 it accrued $35.11bn.