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Coca-Cola says it will invest $5 billion in India by 2020 - nearly triple more than originally planned - as it looks to capitalize on the growing market in the South Asian country.
CEO Muhtar Kent said in a statement Tuesday that the additional $3 billion investment should help the company double its sales in India by the end of the decade.
Coca-Cola has seen some of its biggest gains recently come from emerging markets, such as China and India. The company is the world's leading producer of non-alcoholic popular beverages2, including Coke, Sprite and Minute Maid.
Since re-entering the Indian market in 1993, the U.S.-based beverage1 maker3 has invested about $2 billion.
India's government has for years heavily regulated the country's marketplace to foreign investors4, especially large retailers6, in an effort to protect farmers and small shopkeepers.
But last year, New Delhi eased restrictions7, allowing foreign retailers more access to its $450 billion retail5 market. The government gave the green light to allow foreign retailers to invest up to 51 percent in multi-brand retail such as supermarkets. Foreign companies can now invest up to 100 percent in single-brand retailers.
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1 beverage | |
n.(水,酒等之外的)饮料 | |
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2 beverages | |
n.饮料( beverage的名词复数 ) | |
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3 maker | |
n.制造者,制造商 | |
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4 investors | |
n.投资者,出资者( investor的名词复数 ) | |
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5 retail | |
v./n.零售;adv.以零售价格 | |
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6 retailers | |
零售商,零售店( retailer的名词复数 ) | |
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7 restrictions | |
约束( restriction的名词复数 ); 管制; 制约因素; 带限制性的条件(或规则) | |
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