New Delhi, March 12 -- Lucknow-based SLMG Beverages Pvt. Ltd, a major Coca-Cola bottler in India, plans to invest up to $1 billion by 2030 to expand its production capacity in the populous states of Bihar and Uttar Pradesh, according to a company executive. The Ladhani family, which owns SLMG and also has hospitality interests, will also invest Rs.4,000 crore in hotel development.

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The outlay comes as the family-that first entered the bottling business back in 1997-plans to double its beverage business by the end of the decade. As the beverage company's bottler for Uttar Pradesh and Bihar, SLMG Beverages (part of the Ladhani Group) operates 11 bottling u...