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Coca-Cola interested in using SL as production hub

16 January 2017 10:21 pm - 16     - {{hitsCtrl.values.hits}}

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The Asia Pacific heads of multinational Coca-Cola has expressed their willingness to develop Sri Lanka as a production hub to re-export their products to India.

A Finance Ministry statement said this was conveyed during a meeting Finance Minister Ravi Karunanayake had with Coca-Cola Asia Pacific Group President John Murphy and Executive Vice President Irial Finan last weekend, in Colombo, a Finance Ministry statement said. India has the highest demand for Coca-Cola products in the South Asian region.

The two Coca-Cola officials had pointed out that making Sri Lanka a production hub for Coca-Cola could earn the country a huge sum of foreign exchange while generating job opportunities for the youth.

The two officials had also discussed with Karunanayake about the use of Sri Lanka’s natural water resources and tea-related products to manufacture Coca-Cola brands and re-export the final products.

The officials had also expressed their concern over the stability of Sri Lanka’s rate of taxation.

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  Comments - 16

See Kapruka's top selling online shopping categories such as Toys, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.

 

  • Soma Wednesday, 18 January 2017 01:34 PM

    Koka pennenawada?

    maalumiris Tuesday, 17 January 2017 01:50 AM

    Coca Cola will plunder our water for pennies and sell it off for masssive profits - very little of which will remain in the countryHave a look at their record in India, South America etc. They have taken so much water that nothing is left for farming and irrigation, driving farmers to suicide and starvation because their crops no longer growThis is a short-sighted idea

    Sonali Tuesday, 17 January 2017 03:13 AM

    This will be the biggest destruction to our environment. It won't take long before they deplete our water sources. I hope that the govt will not allow them to come and rape our country.

    gobbaya Tuesday, 17 January 2017 03:32 AM

    hahaha...another VW story in the offing....why should the re export to india when they already have production over there which by 2020 is expected to reach USD 5 Billion.try googling next time before coming up with fairy taleslooks anybody can meet the best finance minister and make any grandfather story and get their moment in the sun. via DM Android App

    Premalal Tuesday, 17 January 2017 03:48 AM

    We have heard that before.

    riyas Wednesday, 18 January 2017 03:53 PM

    Do you know why Coca-Cola interested in using SL as production hub? Because SL is the best place to dump the waste in the Asia

    Leo Tuesday, 17 January 2017 05:58 AM

    Minister Ravi even if Colombo is made a hub which is unlikely they dont use manual labor. Therefore jobs will not be on offer. Usual bogus information. via DM Android App

    mr bean Tuesday, 17 January 2017 05:04 PM

    This must be one of Hoxwagon Cola project ..lol

    Bayya Tuesday, 17 January 2017 05:14 PM

    Lets handover the country to MR and let his family make this country his property!

    rajapathi Tuesday, 17 January 2017 05:25 PM

    NO WAY, SRI LANKA DOES NOT HAVE ENOUGH WATER TO PRODUCE BEVERAGES. THOSE COMPANIES SUCK EVERY DROP OF THE WATER FROM THE GROUND.I DO NOT THINK BIG BOSS AND SECOND IN COMMAND REALLY LIKE OUTSIDERS TO TOUCH OUR WATER RESOURCES.

    TONY Tuesday, 17 January 2017 09:36 AM

    WHAT WILL HAPPEN TO PRODUCTION DURING WATER AND POWER CUTS

    Dhanush Tuesday, 17 January 2017 09:40 AM

    bcz india banned their production bcz of water shortage via DM Android App

    Kamal Tuesday, 17 January 2017 09:48 AM

    Volkswagen 2. At the end on of the soda water manufacturer from India come and set up their plant by investing few millions. Government should do first before announce to public. These guys likes to boast before even make it firm.

    Labby Tuesday, 17 January 2017 09:49 AM

    Ok so today we have a new topic for the JO to be protesting about. Let's go.

    Shan Tuesday, 17 January 2017 09:58 AM

    Sri Lanka will be a load of garbage very soon. Also with foreign beggars and criminals getting easy access to enter.'Mage Ratata Deviyangema Saranai'

    suthan Monday, 23 January 2017 11:01 AM

    Disaster


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See Kapruka's top selling online shopping categories such as Toys, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.