Coca Cola may set up plant in Sri Lanka to feed Indian market
COLOMBO: 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 on Monday 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 $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.
(PTI)
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So many plants and factories. ? Hope it will go further than the foundation stones they lay all over the country.
Any chance of having a Trump Tower in Sri Lanka???????????????????????
when we are having one of the highest cost electricity in the world and when India is having one of the lowest cost electricity in the world from coal fueled electricity how can a factory in Sri Lanka compete with a factory in India
we are told that we are running into a record drought
the indiand dont want a coca plant becos it want to develop and promote their endemic beverages. their water resourcesa re probably better managed and they do not want coca cola tapping into this vita;ll resource and we ought to adopt the same attitude
MVR maybe right.
A Senior Advisor to the Boss who was heading the Coal Purchasing Company has been removed based on alleged fraud which makes the Bond scandal appear to be ‘peanuts’.
Are the two major parties proving to be incapable of governing this country?
Sri Lankans wake up, country is being ruined. The new racket, investors get acres of land dirt cheap, later the factory for some reason cannot be built, the investors keep the land which they obtained for almost nothing.
No more American factories overseas, people.
The 45th President wishes to build a wall around his nation so that nothing comes in and nothing goes out.
In fact, the new President is focused on principles similar to our great, late Mr VP.