India: HCCB to invest $368 million in Gujarat

Hindustan Coca-Cola Beverages (HCCB), the Indian Coca-Cola subsidiary, has announced an investment of 3,000 crore INR ($368 million) to set up a new plant in Rajkot, in India’s Gujarat state, to manufacture juice and aerated beverages.

“The investment is expected to create a considerable industrial footprint, fostering substantial economic and social growth in the region”, HCCB said in a statement. “The Government of Gujarat, in turn, has assured comprehensive support to facilitate HCCB in obtaining all necessary permissions, registrations, approvals, and clearances, in a time-bound manner”.

The announcement follows news that HCCB is also planning to open a $166 million bottling plant in Maharashtra.

Commenting on the move, HCCB chief public affairs, communications, and sustainability officer Himanshu Priyadarshi said: “It is not only about scaling our business operations but also about deepening our roots in a state that has been a key market and a source of inspiration for innovation. We foresee this project as a catalyst for regional development, bringing in new opportunities for local talent and reinforcing our commitment to Gujarat’s economic and social progress”.

The plant is expected to begin operations in 2026 and bring total headcount in the state to over 1,500.

Source: NDTV / Indian Retailer