Hindustan Coca-Cola Beverages (HCCB) has announced that it will set up a second factory in Telangana with an investment of Rs 1 000 crore.

The company will be investing Rs 600 crore in the plant in the first phase and another Rs 400 crore in the subsequent phases to take the total investment to Rs 1,000 crore in the next five years.

The plant for carbonated beverages, juices, and water will come up at Food Processing Park at Bandathimmapur in Siddipet district.

This will be the second bottling plant for HCCB in Telangana. This is expected to double the company’s manufacturing capacity to cater to the sales in the region for the next 10 years.

HCCB has also signed a Memorandum of Understanding (MoU) with the Telangana government for a long-term strategic partnership. Under the MoU, HCCB will help other industries in the state with water resource management, better management of solid waste, and building skills among youth. To begin with, the company will train 10,000 youth in partnership with the Telangana Academy of Skills and Knowledge (TASK).