FMCG sector projects by Coca-Cola India Pvt Ltd in Nellore
Project Information
5882
Coca-Cola India Pvt Ltd
The world's largest beverage firm, Coca-Cola, plans to set up its biggest greenfield manufacturing facility in Asia at a cost of about Rs 1,200 crore in Nellore district of Andhra Pradesh.
"Coca-Cola's Indian representatives, who are currently waiting for clearances from their headquarters, are expected to sign an initial lease agreement with IFFCO over the next couple of weeks. The facility would come up over 150 acres of land in the industrial zones being developed by IFFCO in the region.
Coca-Cola's move to choose the district is to bridge a growing demand for its products in the three southern states of Andhra Pradesh, Karnataka and Tamil Nadu, a person familiar with the development said. State officials confirmed Coca Cola's move and a company spokesperson said on condition of anonymity that talks were held with IFFCO for setting up the facility.
"They had approached us earlier with a proposal but it was then not very clear whether they would set up the project on their own or one of their franchisees would invest," a senior bureaucrat with the state industries ministry said, "Pepsi-Co setting up its facility in Chittoor district may have prompted Coca Cola to expedite their plans and locate their unit close to their rival to compete on resources as well as markets."
Project Value
INR 1200 Crore /-
Awaiting Clearances
Nellore
Andhra Pradesh
India
FMCG
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