Coca-Cola, the global soft drink giant, has unveiled plans to invest Rs 1,387 crore in a new manufacturing facility in Maharashtra’s Ratnagiri district. The 88-acre facility, located in the Lote Parshuram Industrial area within the Maharashtra Industrial Development Corporation zone, will utilize water from the Vashishthi river, according to a statement from Hindustan Coca-Cola Beverages.
The greenfield facility, situated in the Khed taluka, is anticipated to be operational by 2025, marking a significant advancement in the company’s manufacturing capabilities. The plant is expected to generate direct and indirect employment for 350 individuals, benefiting a total of 81,000 people in the state through various community initiatives, as outlined in the statement.
These initiatives encompass educational infrastructure, water ATMs, sustainable agriculture, and community engagement centers. Approximately 10,000 people from the Lote Parshuram area are expected to benefit directly from these interventions.
A groundbreaking ceremony for the plant took place at the site, attended by Chief Minister Eknath Shinde and HCCB Chief Executive Juan Pablo Rodriguez. Rodriguez emphasized that the investment in Maharashtra signifies planting the seeds of growth and community partnership in fertile land.
Welcoming the company’s decision, Chief Minister Shinde expressed the state government’s commitment to making Maharashtra a beacon of sustainable and equitable growth. Currently, Coca-Cola operates 16 factories producing 60 products across the country, with operations spanning 22 states.