The new 88-acre factory in MIDC Lote Parshuram Industrial area will be built on an approx. investment of INR 1,387 Crores and is expected to provide employment to 350 individuals
HCCB to benefit 81,000 people in Maharashtra through its community welfare initiatives
Mumbai, Nov 30, 2023 - Hindustan Coca-Cola Beverages (HCCB), one of India’s leading FMCG companies, conducted the groundbreaking ceremony of its upcoming greenfield factory at the MIDC Lote Parshuram Industrial Area, Khed in Ratnagiri, Maharashtra. The event was graced by the Hon'ble Chief Minister of Maharashtra, Shri Eknath Shinde, and the Hon'ble Industries Minister, Shri Uday Samant, in the presence of the CEO of HCCB, Juan Pablo Rodriguez, among other senior leaders from the company.
The factory is expected to be operational by February 2025 and symbolizes a major leap in HCCB’s manufacturing capabilities and its commitment to sustainable development. With an expected investment of INR 1,387 Crores, it will span across 88 acres and is expected to provide direct and indirect employment opportunities to 350 individuals.
Situated in the lush landscape of Maharashtra, the factory will utilize water sourced from the Vashishthi River, supplied through the MIDC Pipeline. This strategic decision underscores HCCB's commitment to environmental sustainability and efficient resource management.
HCCB will also drive community initiatives in Maharashtra, aiming to positively impact 81,000 lives with initiatives like educational infrastructure, water ATMs, sustainable agriculture, and community engagement centres. In the Lote area, 10,000 people will benefit directly from these initiatives. HCCB will also empower 3,000 women with digital and financial skills and train 2,500 youths in sales and marketing across 14 villages
Hon’ble Chief Minister, Government of Maharashtra, Shri Eknath Shinde Ji, said,” This is not only an industrial milestone but also a testament to the Government of Maharashtra's commitment to fostering a synergistic relationship between industrial growth and social welfare. As we continue to propel our industrial and social development agenda forward, the Government of Maharashtra values the role of companies like HCCB, which augment our efforts in making Maharashtra a beacon of sustainable and equitable growth.”
Hon’ble Industries Minister, Government of Maharashtra, Shri Uday Samant ji, said,” Maharashtra's vision, under our governance, is to build a progressive and resilient state. A state that not only grows economically but also ensures the welfare of its society. Our policies are crafted with a dual focus: to stimulate economic growth while safeguarding the social fabric of our communities. It is heartening to see that HCCB’s expansion aligns perfectly with this vision.”
Juan Pablo Rodriguez, CEO of HCCB, said, “This significant milestone in the journey of Hindustan Coca-Cola Beverages symbolizes not just the planting of seeds of growth, sustainability, and community partnership in the fertile land of Maharashtra, but also marks a testament to the conducive business environment in the state. This upcoming facility represents our continued commitment and belief in the potential of Maharashtra, reflecting our shared history of over two decades.”
This groundbreaking event not only celebrates the expansion of HCCB's footprint in India but also embodies the company's vision for a future where business growth and community development go hand in hand.
About HCCB
HCCB was incorporated on 14th February 1997. Since then, HCCB has come a long way in being able to serve 25 lakh retailers, 3,500 distributors, and 6,000 employees. 250,000 farmers grow the agricultural produce that HCCB uses in making its products. The company is headquartered in Bangalore and its operations are spread in 22 states, 3 UTs, and 376 districts in South, West, and Eastern India. Through its 16 factories spread across India, it manufactures and sells 60 different products across 7 categories. Its products include some of India’s most loved beverages - Coca-Cola, Thums Up, Sprite, Minute Maid, Maaza, SmartWater, Kinley, Limca, Fanta, and a lot more.
Source: ET Retail
Press Trust of India
Subscribe for Updates
And get amazing content every week.
