India The Coca-Cola bottling division in India, Coca-Cola Beverages (HCCB), has decided to invest Rs 3,000 crore in Gujarat. According to the corporation, HCCB intends to construct a factory in Rajkot where it will manufacture juice and aerated drinks. Operations are anticipated to begin in 2026.
With this new project in addition to HCCB’s Goblej and Sanand plants, the company expects to employ around 1,500 people in Gujarat. According to the corporation, it has a network of more than 224,000 retailers in the state in addition to 285 distributors.
In addition to growing our company operations, the goal is to establish stronger ties with a state that has served as a vital market and a source of innovation inspiration. Himanshu Priyadarshi, Chief Public Affairs, Communications, and Sustainability Officer at HCCB, stated, “We see this project as a catalyst for regional development, bringing in new opportunities for local talent and reinforcing our commitment to Gujarat’s economic and social progress.”
It is projected that this investment will create a sizable industrial footprint, fostering significant social and economic growth in the region. In response, the government of Gujarat has promised to support HCCB in obtaining all necessary permissions, registrations, approvals, and clearances in a timely manner in accordance with state laws and regulations.
For the fiscal year 2022–2023, the company’s net profit increased by two times to Rs 809.32 crore, according to data from business intelligence platform Tofler. According to a document sent to the Registrar of Companies, the company, which oversees 16 factories across India, recorded a significant increase in operational revenue for the same fiscal year, amounting to Rs 12,735.12 crore, or 41.51 percent.
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