New York, Sept. 25 - Coca-Cola Co continues to invest in its beverage business in India, the chief operating officer of the world's largest soft drink company said on Tuesday.
"We spent a billion (dollars) already on operations in India and plan to spend another quarter of a billion in the near future," said COO Muhtar Kent at an event celebrating India's 60th anniversary of independence.
When pressed by Reuters to qualify what he meant by "near future," Kent declined to elaborate.
The Atlanta-based beverage company is increasingly relying on emerging markets for growth, while industry-wide soft drink sales in the United States slow as some health conscious consumers opt for bottled water or teas.