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India strategic investment plans intact: Coca-Cola
TIWN
India strategic investment plans intact: Coca-Cola
PHOTO : TIWN

New Delhi, April 20 (TIWN) Beverage major Coca-Cola Indias strategic investment of building long term presence in India is intact, a senior company executive told IANS.

"Our strategic investment of building long term presence in India is intact. To capture this growth potential, our journey forward will require new investments, new capabilities and new business models, all supported by an eco-system of new local partnerships."

Notably, the company has completed its planned investment of $5 billion announced in 2012 for retail infrastructure creation, bottling plants and introduction of new products, amongst others.  Since its re-entry into India in 1993 till 2011, Coca-Cola invested $2 billion in the country.  Besides, it has committed an investment of $1.7 billion towards creating a "Fruit Circular Economy" aiding the Indian agri-ecosystem till 2023. 

Furthermore, underlying the importance of India's marketplace, Ray cited, that in the newly created networked structure, INSWA (India and South West Asia) has become one of the nine operating units directly reporting to US-based beverage major's Head Quarters.  Recently, in a thorough restructuring exercise the company created new operating units focused on regional and local execution.     

Through the restructuring process, the company expects faster execution of projects in India and to further digitise its business.

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