Coca-Cola to invest additional $3B in India

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Associated Press

Posted on June 26, 2012 at 7:01 AM

NEW YORK (AP) — Coca-Cola Co. says it will invest an additional $3 billion in India through 2020 as it looks to capitalize on the growing market.

The world's biggest beverage maker, whose brands include Minute Maid and its namesake, has seen some of its biggest gains come from emerging markets like China and India.

The Atlanta company said Tuesday that its Thums Up and Sprite are the top selling soft drink brands in India.

Including the new cash infusion, Coca-Cola now plans to invest $5 billion in India from 2012 to 2020. It has already invested more than $2 billion since re-entering the country in 1993.

Coca-Cola Chairman and CEO Muhtar Kent said in a statement that the company's growth in India is part of its plan to double revenue over this decade.

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