Advertisement

  • News
  • Columns
  • Interviews
  • BW Communities
  • Events
  • BW TV
  • Subscribe to Print
BW Businessworld

Coca-Cola To Build Rs 1,000 Cr Plant In Karnataka

Photo Credit :

Coca-Cola will invest more than Rs 1,000 crore in a new plant at an industrial area in Karnataka and create jobs for 500 people, the state government said.
 
The project is being established at Kadechur and Badiyala villages of Yadgir district.
 
Top officials of Hindustan Coca-Cola Beverages Pvt Ltd met Chief Minister Siddaramaiah and gave him details of their proposal in the Yadgir industrial area, the chief minister's office said in a statement.
 
Siddaramaiah supported the proposal and advised company officials to provide employment to the family members of those whose land would be acquired for the project.
 
Hindustan Coca-Cola Beverages, which has 24 bottling plants across India, has been allotted 250 acres of land, where it will produce aerated soft drinks.
 
The chief minister said a proposal has been submitted to the Ministry of Environment and Forest for environmental clearance for the Yadgir industrial area. The industrial area needs require 25 million litres of water daily that would be sourced from the Joladgi-Gudur barrage built across the river Bhima.
 
Rail Coach Factory
Siddaramaiah also reviewed other land acquisitions and projects in the industrial area for which 3,232 acres of land has acquired.
 
A railway coach factory has been allotted 150 acres of land while Mphanite Solutions has been offered 125 acres in the industrial area. Mphanites will be investing Rs 489 crores, generating employment for 1,160 people.
 
The railway department has floated a tender for setting up the railway coach factory and construction work is likely to commence by March 2015.
 
About 53 pharmaceutical companies from Andhra Pradesh have shown interest in investing in Yadgir, the chief minister's office said. These companies will invest Rs 1,297 crore and create employment for 10,779 people. Land required for these facilities will be about 640 acres.
 
Pointing out that five textile units have also shown interest to invest in the Yadgir industrial area, the statement said their combined investment will be to the tune of Rs 835 crore and total land required will be 255 acres.
 
Out of 3,232 acres of land acquired under the Karnataka Industrial Area Development Act for developing the industrial area, compensation to land owners of 1,959 acres of land has been paid. About 95 acres is government land.
 


sentifi.com

Top themes and market attention on: