The Times of India: April, 2013
Dehradun: Uttarakhand government on Wednesday oversaw the signing of a Memorandum Of Understanding between State Industrial and Infrastructure Development Corporation of Uttarakhand Ltd (SIDCUL) and Hindustan Coca-Cola Beverages Pvt Ltd (HCCBPL).
The MOU was signed to set up Rs 600 crore manufacturing plant in Dehradun's Vikas Nagar Tehsil. The manufacturing plant will be spread over 60 acres producing non-alcoholic carbonated beverages, juices, fruit-based drinks and packages of drinking water.
The MOU was signed between SIDCUL's managing director Rakesh Sharma and HCCBPL's executive director Shukla Wasan.
Chief minister Bahuguna was present at the event and said that the government has already allotted land for setting up the manufacturing plant. HCCBPL will invest Rs 6000 crore to establish the plant in two phases, he added.
Bahuguna further added that this deal will attract more business houses and mega companies to invest in state. He said that the government launched SIDCUL- phase 2 to attract investment for development of Uttarakhand and that several there is considerable interest in the state as the crime rate is low.
"We hope to attract more investment in state in the days to come," he said.
HCCBPL vice-president Patrick George handed over a check of Rs 1.60 crore as earnest money and processing charges to Bahuguna.