U. S.-based beverages giant Coca-Cola,is planning to invest $5 billion in India over the next eight years on expanding its bottling and other business capacities.It expects to see India emerge among its top five global markets within the next seven years even as the Asian country is suffering its worst economic downturn in more than a decade.
The company plans to invest $30 billion globally by 2020. One-sixth of the planned global investment will be made in India. Coca Cola has invested over $2 billion in India since re-entering the Indian market in 1993. By 2020 the company aims to increase the total investment in India to $7 billion. The company will make the investments along with its bottling partners on expanding manufacturing and distribution facilities and marketing of its products.Coca Cola, which owns popular soft drink brands like Thumbs Up, Sprite, Coca-Cola, Fanta and Limca, directly employs 25,000 people in the country.The company provides indirect employment to 150,000 people and its new investments would create thousands of new job as well.
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