Coca Cola and Pepsi to invest $112.4 mln in Bengal operations

Food and beverage majors Coca Cola India, a subsidiary of U.S. Coca Cola, and Pepsi Co India, a unit of PepsiCo, plan to invest 800 crore rupees ($112.4 million) in Bengal operations.

Coca Cola India will invest 500 rupees ($70.2 million) crore to expand its plant near Siliguri’s Rani Nagar and also implement a new product line.

Pepsi Co India will also pump in around 300 crore rupees ($42 2 million) in a new production line at its snacks manufacturing facility in Kolkata, and also intends to increase its potato sourcing from West Bengal by 50 percent.

The move by both firms supports the state’s industrialization led growth focus and will create broader socio-economic opportunities for farmers there, especially potato farmers.