Coca-Cola bottlers to invest Rs 510 cr in Haryana
New Delhi, Mar 8: Coca-Cola bottling firms Kandhari Beverages and Enrich Agro Food Products today said they will invest Rs 510 crore in Haryana to add new manufacturing lines.
The authorised franchise bottlers of Coca-Cola India, inked a pact with the state government to expand their manufacturing infrastructure. "A fresh, combined infusion of Rs 510 crore will create an additional direct employment for 325 people," both the companies said in a joint statement.
As a part of the pact, Kandhari Beverages will invest Rs 300 crore to set up multiple high speed manufacturing lines for juice, energy and sparkling drinks at Saha in Ambala and will be completed by 2018.
Enrich Agro Food Products will invest Rs 165 crore to set up a new manufacturing line for beverages in Rohtak by 2018 and also invest Rs 45 crore in a packaging unit for Coca-Cola.
Kandhari Beverages Pvt Ltd Executive Director Bikram Kandhari said: "This investment which will be utilised to enhance infrastructure in our bottling facilities and setting-up new manufacturing lines." The pacts were signed during the Happening Haryana Global Investors' Summit-2016 in Gurgaon.