Coca-Cola bottling firms Kandhari Beverages and Enrich Agro Food Products are planning to invest Rs5.1bn ($75.6m) to build manufacturing lines in Haryana state.
A memoranda of understanding in this regards has been signed by the two companies with the Haryana government during the "Happening Haryana Global Investors' Summit."
Enrich Agro Food Products managing director VPS Kandhari said: "This investment will not only help us in augmenting our production capacity but also play a key role in contributing to the social and economic well-being of the State."
In particular, Rs3bn ($44.4m) is planned to be invested by Kandhari Beverages to launch multiple high-speed manufacturing lines for juice, energy and sparkling drinks at Saha in Ambala by 2018.
Additionally, Enrich Agro Food Products plans to launch new manufacturing line for beverages in Rohtak by 2018 with an investment of Rs2.1bn ($31.1m). It also plans to set up a packaging unit for Coca-Cola system.
Kandhari Beverages executive director Bikram Kandhari said: "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."
The proposed investment plan, which is expected to create over 300 jobs, an official statement said.
Recently, Hindustan Coca-Cola Beverages (HCCBPL), the largest bottling partner of Coca-Cola, has announced its plan to close three manufacturing plants in Andhra Pradesh, Meghalaya and Rajasthan.
The decision comes after activists raised concerns on the US giant for groundwater reduction.
