Coca Cola to invest about Rs 28,000 crore in India by 2020

Coca-Cola today said it, along with its partners, will invest $5 billion (about Rs 28,000 crore) in India by 2020.

NEW DELHI: Beverages giant Coca-Cola on Tuesday said it, along with its partners, will invest about Rs 28,000 crore ($5 billion) in India by 2020 on various activities, including setting up of new bottling plants.

This investment is higher by $3 billion from the previous announcement made in November 2011 for a period of five years to enhance its operations in India.

"Coca Cola will invest $5 billion in India between now and 2020. This investment in India is a part of $30 billion globally planned by the company. India aims to be among top five countries in Coca Cola's markets. It is at present number seven," chairman and CEO Muhtar Kent told reporters here.