The Coca-Cola Company will invest Rs 3,000 crore to set up a beverage base and plant in Sanand, Gujarat. American multinational The Coca-Cola Company plans to attract foreign direct investment (FDI) through its subsidiary International Refreshments (India) Private Limited (IRIPL), TOI reported on Dec 8.
The state government has allotted 1.6 Lakh square meters of land (SM-52) in Sanand-II Industrial Estate for the factory. Government sources confirmed that the approval process has been expedited, reflecting the company's commitment to invest in Gujarat.
Coca-Cola has made two major investments through its bottling partners in Gujarat. The government did not take long to give the go-ahead to the company. TOI quoted a senior government official.
Previously, the company has invested significantly in Gujarat through its bottling partner, Hindustan Coca-Cola Beverages Limited.
The new plant in Sanand is expected to be fully automated, incorporating robotic technology, the Internet of Things (IoT), and machine-learning devices for real-time monitoring and control of manufacturing processes. Additionally, automated storage and retrieval systems will enhance efficiency.
According to the TOI report, during the construction phase, the company plans to employ around 1,000 individuals, comprising both skilled and unskilled workers. Once operational, the plant is anticipated to provide jobs for approximately 400 individuals in operational and engineering roles, focusing on gender diversity.