Business

Coca-Cola to invest additional $3B in India

Posted June 26, 2012 6:17 am

Associated Press

NEW YORK — Coca-Cola Co. says it will invest an additional $3 billion in India through 2020 as it looks to capitalize on the growing market.

The world’s biggest beverage maker, whose brands include Minute Maid and its namesake, has seen some of its biggest gains come from emerging markets like China and India.

The Atlanta company said Tuesday that its Thums Up and Sprite are the top selling soft drink brands in India.

Including the new cash infusion, Coca-Cola now plans to invest $5 billion in India from 2012 to 2020. It has already invested more than $2 billion since re-entering the country in 1993.

Coca-Cola Chairman and CEO Muhtar Kent said in a statement that the company’s growth in India is part of its plan to double revenue over this decade.

Article Comments

Article Categories
Business

Article Comments

Guidelines: Keep it civil and on topic; no profanity, vulgarity, slurs or personal attacks. People who harass others or joke about tragedies will be blocked. If a comment violates these standards or our terms of service, click the "flag" link in the lower-right corner of the comment box. To find our more, read our FAQ.