Coca-Cola’s ₹2,091 Crore Telangana Investment: Boost for Industry and Jobs
Coca-Cola Invests $251 Million in New Telangana Factory, Boosting Jobs and Local Economy
Banda Thimmapur, Telangana – telangana Chief minister A. Revanth Reddy hailed Coca-Cola’s massive investment in a new state-of-the-art factory in Siddipet district’s Banda Thimmapur as a testament to the state’s growing appeal as a global industrial hub.The $251 million greenfield facility, inaugurated by Reddy on Monday, is expected to generate direct and indirect employment for over 400 people.
“This investment underscores Telangana’s commitment to creating a business-friendly habitat that attracts major global players like Coca-Cola,” Reddy said. “Hindustan Coca-Cola Beverages’ holistic approach not only creates jobs and uplifts communities but also substantially contributes to the region’s development.”
The 49-acre factory, HCCB’s second in Telangana, boasts seven advanced production lines and represents a significant expansion of the company’s presence in the state. With a total planned investment of Rs 2,091 crore, the current phase has already utilized Rs 1,409 crore.”HCCB’s investment in Banda Thimmapur is a prime example of how industrial growth and sustainability can go hand in hand,” said Telangana Industries Minister Duddilla Sridhar Babu. “This greenfield factory is a major addition to Telangana’s industrial landscape, ensuring sustainable growth and prosperity for the region.”
Juan Pablo Rodriguez, CEO of HCCB, praised the Telangana government’s support in facilitating quick approvals, enabling the company to commence production despite various challenges.
“This is a significant step in HCCB’s growth journey and a reaffirmation of our commitment to Telangana,” Rodriguez said. “This state-of-the-art factory combines advanced manufacturing technology with sustainable practices, positioning it as a benchmark in our industry.”
The new factory complements HCCB’s existing facility in Ameenpur, Sangareddy district.together, they represent a combined investment of Rs 3,798 crore and provide employment for over 1,000 individuals, highlighting HCCB’s considerable and growing presence in Telangana.
Telangana’s Newest Factory Creates Jobs and Economic Boost with Coca-Cola Investment
Banda Thimmapur, Telangana – The Telangana government is celebrating a major victory for economic progress as Coca-Cola unveils a brand new, state-of-the-art factory in Banda Thimmapur.Representing a $251 million investment, the facility is set to generate over 400 direct and indirect jobs, considerably impacting the local economy.
Telangana Chief Minister A. Revanth Reddy praised the move, stating, “This investment underscores Telangana’s commitment to creating a business-amiable habitat that attracts major global players like Coca-Cola.”
The 49-acre facility, Hindustan Coca-Cola Beverages’ second in Telangana, boasts seven advanced production lines. This initial phase of the project has already utilized Rs 1,409 crore out of a total planned investment of Rs 2,091 crore.
Telangana Industries Minister Duddilla Sridhar Babu highlighted the factory’s commitment to sustainability, saying, “This greenfield factory is a major addition to telangana’s industrial landscape, ensuring sustainable growth and prosperity for the region.”
HCCB CEO Juan Pablo Rodriguez expressed gratitude for the Telangana government’s support and emphasized the factory’s advanced technology and sustainable practices.
This new facility complements HCCB’s existing plant in Ameenpur, Sangareddy district. combined, both factories represent a Rs 3,798 crore investment and provide employment for over 1,000 individuals, solidifying HCCB’s notable and growing presence in Telangana.