‘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.

Read more at: http://www.moneycontrol.com/news/business/coca-cola-may-setlanka-plant-to-target-indian-market_8280521.html?utm_source=ref_article

2 Responses to “‘Coca Cola may set up Lanka plant to target Indian market’”

  1. Christie Says:

    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

  2. Nimal Says:

    Let them set up the Cola plant that will give us jobs and income from the sales to India. Good news I say.

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