The Indian economy in recent times has not shown a good picture in the global market. But still Muhtar Kent , the chairman of Coca Cola is quite confident about the market here.
Kent added that the company was very bullish on India and would invest heavily across the value chain to expand business in the country. Coca Cola has planned to invest about $5 billion in India in the next eight years by expanding its bottling and other business capacities.
Kent while interacting with the reporters said, “ We plan to invest $5 billion in Indian business between now and 2020. This represents an increase of $3 billion beyond what we had previously committed to investing in this market.”
The chairman also said that the company’s investment between 2011-20 will be more than three fold it made in the previous decade. Earlier between 2000-10 Coca Cola invested $1.4 billion in India. Globally the company has plans to invest $30 billion by the year 2020. Kent also said that it aims to double its business in India by the end of this decade. Coca Cola entered the Indian market in the year 1993 and has since then invested more than $2 billion in India.