Karnataka set to hand over 250 acres in Yadgir to Coca-Cola.

After Hero MotoCorp dropped Karnataka as its destination for a project, the Government is making an all-out effort to retain the Coca-Cola company investment in the State.

The government, which had been dithering for the last two years over the company's request for allotment of 250 acres in Yadgir district in north Karnataka to set up a greenfield bottling plant, has now started the process of handing over land to the company.

Recently, officials of Coca-Cola visited Telangana to explore investment opportunities in the newly formed State.

Speaking to The Hindu, Ratna Prabha, State Additional Chief Secretary, Commerce and Industry Department, said Coca-Cola is expected to invest Rs. 1,000 crore in Yadgir.

She said the Karnataka Industrial Areas Development Board (KIADB) has started making payment to land owners at Yadgir, which has been notified for industrial development. The KIADB would hand over 250 acres at Kadechur village in Yadgir taluk to the company in a few days.


HBL