AP reportedly drops Coca-Cola from ‘Negative List’

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AP 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

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