By IANS
New Delhi : Beverages giant Coca-Cola is planning to invest $250 million in India in the next three years, expand its product portfolio and strengthen the firm’s infrastructure.
“India is a very important market for not just what it’s today but also for the growth potential and in terms of being a growth market,” Muhtar Kent, president and chief operating officer of the company, said on the sidelines of the India Economic Summit Monday here.
“We are growing in India rapidly, quarter after quarter, and we need to invest in infrastructure to ensure that the growth continues,” Kent added.
The company currently has 61 bottling plants and is on the lookout to open more across the country, officials said.
Coca-Cola India, which has already invested over $1.2 billion in India and employs about 150,000 people, is also planning to set up a retail university to equip Indian retailers with the right techniques, tools and knowledge.