‘Coca Cola may set up Lanka plant to target Indian market’
Posted on January 17th, 2017
Courtesy moneycontrol.com
Coca-Cola’s interest was expressed by the Asia Pacific chiefs of the Company when they met the Finance Minister Ravi Karunanayake here over the weekend, it said in a statement.
American beverages major Coca-Cola Co may set up a plant in Sri Lanka to feed demands in India, which has the highest demand of the firm’s products in South Asia, the Sri Lankan finance ministry today said.
Coca-Cola’s interest was expressed by the Asia Pacific chiefs of the Company when they met the Finance Minister Ravi Karunanayake here over the weekend, it said in a statement.
“They pointed out that Sri Lanka could be developed into a production hub to re-export their products to India. India has the highest demand for Coca Cola products in the South Asian region.
” The Atlanta-based firm’s products include Coca-Cola, Sprite, Fanta, Thums Up and Limca, juices and juice-based drinks like Minute Maid and Maaza, packaged water, as well as Kinley soda.
The non-alcoholic beverages market in India is said to be around USD 5 billion, according to the data available on the website of Indian Beverage Association, which is formed by firms with direct and allied interests in the non-alcoholic beverage industry.
January 17th, 2017 at 4:51 pm
Another VW
Below is some of Coca Cola India.
COCA-COLA’S ROLE IN THE INDIAN ECONOMY
COMMITTED TO INVEST USD $
7 Billion by 2020
EMPLOYERS OVER
25,000 Directly &150,000 Indirectly
57 Manufacturing plants most of them in underdeveloped areas
One of the largest institutional buyers of agricultural products
MANGO
0.2 MN MTs
BANANA + PAPAYA
400 MTs
GUAVA
1000 MT
SUGAR
0.55 MN MTs
COCA-COLA in India – Role in environment and community development
ME
Pack and portfolio choices including low calorie beverages
1st
company to place front-of-pack calorie information on all products
100,000 young footballers engaged through our sports platforms for Healthy, Active living -Coca-Cola U-15 Football
WE
More than 51,000 Woman entreprenueurs impacted 21,800 Woman trained under Pragati and Parivartan 2500+ Woman trained under Unnati 400+ Woman trained through Career Development Centre (CDC)
71 villages & 1.5 lakh people benefitted from water coservation initiatives
More than 600 schools re-vitalized through Coca-Cola Support My School program
World
23% Improvement in water usage ratio
146% of total water used in 2014 was replenished
39% of total energy used in operations is from renewable sources
Reaching out to 25,000 mango farmers in Chittoor district, Andhra Pradesh propagating the method of ultra-high-density farming
January 18th, 2017 at 5:19 pm
Let them set up the Cola plant that will give us jobs and income from the sales to India. Good news I say.