Two bottling firms of the US-based beverage company, Coca-Cola, Kandhari Beverages and Enrich Agro Food Products have planned to invest Rs5.1bn ($75.7m) in Haryana, India.

The authorised franchise bottlers of Coca-Cola India have signed a Memorandum of Understanding (MoU) with the state government of Haryana to expand their manufacturing capacity in the state.

According to a joint statement given by the two companies, the investment is expected to open opportunities for 325 new jobs.

Under the agreement, Kandhari Beverages will invest Rs 3bn ($44.5m) to create a range of high-speed manufacturing lines for juice, sparkling and energy drinks at Saha facility in Ambala, Haryana.

Slated to be completed by 2018, the investment is expected to generate 150 new jobs.

Kandhari Beverages executive director Bikram Kandhari said: "On behalf of the entire team at Kandhari Beverages, it gives me immense pleasure to announce this investment which will be utilized to enhance infrastructure in our bottling facilities and setting-up new manufacturing lines.

"The investment is rooted in the Government’s vision for the food processing sector and the role that the beverage industry can play in benefitting Indian farmers.

"It is also in keeping with Coca-Cola’s focus of providing more choice to the consumer."

Enrich Agro Food Products plans to start a new production line for beverages in Rohtak by 2018 with an investment of Rs1.65bn ($24.5m).

It also expects to set up a new Rs450m ($6.68m) packaging unit for Coca-Cola that would open another 175 job opportunities in Haryana.