Coca-Colas investment cleared
THE government on Thursday approved soft drink major Coca-Cola's $52.54 million (around Rs 205 crore) investment plan for India. The investment will be made in Hindustan Coca Cola Holdings (HCCH) by its parent company for capital expenditure of Hindustan Coca Beverages (HCCB), the bottling subsidiary of Coke. The capex by Atlanta-based company is part of its earlier plan to invest $ 250 million in India.