Within days of acquiring vitamin water Glaceau, American giant Coca Cola today said it will invest 250 million dollars in India in next three years and said its bottling operations would turn profitable in 2008.
Most of the investment will stay within India as the required infrastructure like coolers and trucks are manufactured in India.Along with the 250 million dollars by Coke, franchises of the company's bottling operations in India are also likely to put in between 50-100 million dollars to ramp up infrastructure.
Of the 60 bottling plants in India, Coke owns 25 while 24 are owned by the franchises and the remaining are with the co-packers.The company is also open to divest in the bottling business and move towards more and more in the hands of franchises.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment