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Coca Cola India aiming at double-digit growth

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Kolkata, Dec 22 (IANS) With plans to invest $20 billion by 2020, Coca Cola India is hoping to achieve a double-digit growth, a top company official said here 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 ending June.

“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 Kini.

“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.

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