Coca-Cola to invest $1.7bn in agriculture sector of Indi

By | June 7, 2017

Global beverages giant Coca-Cola on Monday announced that they will invest along with its partners $1.7 billion in the agricultural ecosystem of India over the next five years.

The company will be investing for the procurement of fruit-based material for the product and in building the required infrastructure in India.

Coca-Cola India and Southwest Asia President T Krishnakumar said, “We are planning to invest around US $1.7 billion, out of which US $800 million will be for procurement of fruit-based material for use in the product and US $900 million will be the investment on manufacturing lines, juice bottling infrastructure and fruit processing plants and equipment and agriculture interventions”.

Experts believe that this kind of investment will create opportunities for around two lakh farmers and local suppliers in India.

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