VISAKHAPATNAM: Two giant cola manufacturers are planning to set up operations in Visakhapatnam district. While Pearl Beverages Limited, which is a bottling partner for PepsiCo, had expressed interest in setting up a plant in the district earlier, Coca-Cola is also going ahead with its plans for a manufacturing facility in the district.
With Hindustan Coca-Cola Beverages Private Limited (HCCBPL) expressing interest in expanding its manufacturing operations in Andhra Pradesh, the state government has granted various incentives to the firm as per the AP Food Processing Policy for setting up its greenfield manufacturing facility in Visakhapatnam and Nellore. At present, HCCBPL has a bottling unit near Muralinagar in the city.
According to a GO issued by the industries and commerce department on Wednesday, following the recommendations of the state investment promotion board, the AP government has decided to extend incentives as per AP Food Processing Policy 2015-20 as a special case as it is a mega project with an investment of more than Rs 500 crore.
The GO said HCCBPL has expressed interest in setting up greenfield manufacturing facility in 100 acres of land each at Nellore and Visakhapatnam districts with a total investment of Rs 2,225 crore and to create employment for 1,102 people. The plants will be designed to manufacture all types of carbonated beverages, juices and packaged water, the GO added.
In June this year, the industries and commerce department had given permission to the Andhra Pradesh Industrial Infrastructure Corporation (APIIC) for allotting 100 acres at Krishnampalem industrial cluster in Visakhapatnam to HCCBPL for setting up a non-alcoholic beverages plant. According to the GO issued in June, the state government said the plant by HCCBPL in Visakhapatnam would entail an investment of Rs 1,375 crore and would be developed in a period of 10 years in three phases.
In April this year, Pearl Beverages Limited, which is one of the largest bottling partners of PepsiCo India, was accorded incentives under the AP Food Processing Policy 2015-20 when it had planned to invest Rs 100 crore in a phased manner for purchase of land, building, plant and machinery at Atchuthapuram industrial estate. The proposal by Pearl Beverages Limited is expected to provide employment to around 400 persons directly and 800 persons indirectly.