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SLMG Beverages, a subsidiary of Ladhani Group and the largest independent bottler of Coca-Cola in India, has announced plans to invest $1 billion over six years to expand in Uttar Pradesh, Bihar and Uttarakhand.
The company will invest around $150 million each year to expand manufacturing capacity, upgrade warehousing, enlarge its logistics fleet, and supplying more coolers and refrigerators.
Commenting on the move, SLMG Beverages joint managing director Paritosh Ladhani said: “We believe India has the potential to grow in high double digits for the next five to seven years. To capture this, capex is critical whether it is warehouses, trucks, distributors, or fridges in the market. UP is our oldest and strongest market, where we typically add 8–10 per cent more distributors and warehouses each year. In Bihar, growth is sharper, so warehousing there will increase by 25–30 per cent annually”.
“As the oldest and largest Coca-Cola bottler in India, we have always bet big on India’s growth story. With GST cuts boosting consumer sentiment and our expansion plans in motion, we are confident of sustaining momentum,” he added.
SLMG Beverages currently runs six units in Uttar Pradesh alongside a single facility in Bihar, with another Bihar plant slated to begin operations in January.
The commissioning of this unit will expand the network to eight and lift capacity from 22,000 to 27,000 bottles a minute.
Source: Economic Times
