SME Times News Bureau | 23 Dec, 2013
With plans to invest $20 billion by 2020, Coca Cola India is
hoping to achieve a double-digit growth, a top company official said on Sunday.
"Our aspiration is to get back to double-digit growth in the coming
quarters," deputy president (India & south west Asia) Venkatesh Kini
told media persons here.
The company, in the third quarter of 2013, registered six percent growth
climbing up from the one percent it achieved during the preceding quarter
"We have invested $2 billion between 1993 and 2011 and we plan to invest
$5 billion between 2012 and 2020. Our investments are on track," said
"We are working towards achieving the 2020 vision of doubling system
revenues. India is a strategic growth market and we will play a significant
role in attaining this target," he said about the parent company.
He also said the company was banking on rural market and looking at
opportunities to introduce new product lines to strike growth.
"As a system, our intent is to have enough capacities to cater to the
growth opportunity that we see for our business in India. In the next three
years, we plan to set up ten new plants in India," added Kini.