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Kandhari and Enrich sign MoU with Haryana govt to expand manufacturing
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Tuesday, 15 March, 2016, 08 : 00 AM [IST]
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Our Bureau, New Delhi
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fiogf49gjkf0d Kandhari Beverages Pvt. Ltd and Enrich Agro Food Products Pvt. Ltd, authorised franchise bottlers of The Coca-Cola Company in India, recently signed a Memorandum of Understanding (MoU) with the Government of Haryana to expand their respective manufacturing infrastructure in the state. A fresh, combined infusion of Rs 510 crore will create an additional direct employment for 325 people.
The MoU was signed during the “Happening Haryana Global Investors’ Summit-2016” in Gurgaon by V P S Kandhari, MD, Enrich Agro Food Products, and Bikram Singh Kandhari, executive director, Kandhari Beverages. The signing ceremony took place in the presence of Manohar Lal Khattar, chief minister of Haryana; Nitin Gadkari, Union minister for road transport; highways and shipping; and Venkatesh Kini, president, CEO, Coca-Cola India and South West Asia.
Organised by Government of Haryana to boost the ‘Make in India’ initiative by prime minister Narendra Modi, the “Happening Haryana Global Investors’ Summit” seeks to attract high value investment opportunities in the state. As a part of the MoU, Kandhari will invest Rs 300 crore to set up multiple high speed manufacturing lines for juice, energy and sparkling drinks at Saha in Ambala. To be completed by 2018, the investment will generate additional employment for 150 people.
Enrich will invest Rs 165 crore to set up a new manufacturing line for beverages in Rohtak by 2018 and Rs 45 crore in a packaging unit for Coca-Cola system which will create additional employment opportunities for 175 people in the state.
The non-alcoholic ready-to-drink (NARTD) beverage industry is one of the largest investors in the country and has contributed significantly to the growth of allied industries thereby contributing significantly to the national GDP.
Bikram Kandhari, executive director, Kandhari Beverages Pvt. Ltd, said, “On behalf of the entire team at Kandhari Beverages, it gives me immense pleasure to announce this investment which will be utilised to enhance infrastructure in our bottling facilities and setting up new manufacturing lines. The investment is rooted in the government’s vision for the food processing sector and the role that the beverage industry can play in benefitting Indian farmers. It is also in keeping with Coca-Cola’s focus of providing more choice to the consumer.
Announcing the investment plan of Rs 210 crore in the state by his company, V P S Kandhari, MD, Enrich Agro Food Products Pvt. Ltd, said, “The beverage industry has played a critical role in integrating the farmers and millions of retailers. It also has strong backward and forward supply chain linkages, thereby creating a ripple effect across entire value chain. This investment will not only help us in augmenting our production capacity but also play a key role in contributing towards the social and economic well-being of the state.”
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