The state's industries department had earlier sought to relax norms on companies in the 'negative list'.

Andhra reportedly drops Coca-Cola from Negative List to provide incentivesImage for representation
news News Thursday, November 03, 2016 - 07:42

The Andhra Pradesh government on Wednesday reportedly amended its 'negative list' of industries to provide incentives for Hindustan Coco Cola Beverages Private Limited.

The Times of India reported that the company would get all other incentives provided under the AP food processing policy 2015-2020, except investment subsidy and interest subsidy. 

The report also quotes the order as saying that “Hindustan Coco Cola could be treated as an exception from the negative list... similar to PepsiCo."

In return, the soft drinks manufacturer said it would invest Rs 2,225 crore and create 1,102 jobs in the venture, and also purchase Mango pulp from the state, the TOI report added.

This move comes shortly after reports that the industries department sought to relax norms on companies in the 'negative list' that includes industries dealing with carbonated soft drinks, plastic, tobacco, coal, thermal power and chemical industries.

In February this year, Coca-Cola suspended operations in three factories across India, including one in Andhra's Visakhapatnam district.

At the time, a company spokesperson told The Hindu, "Like with any other manufacturing organisation, we are going through a process of consolidation where new state-of-the art facilities are being built and existing production capacities are being optimised."

 

 

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