Coca Cola interested in using Sri Lanka as a production hub

 

Coca Cola has expressed an interest in using Sri Lanka as a regional production hub, the Government Information Department revealed.

It said the Asia Pacific chiefs of Coca Cola Company had made their interest known during a meeting with  Finance Minister Ravi Karunanayake in Colombo on Saturday (14). 

President of the Coca Cola Company Asia Pacific Group  John Murphy and its Executive Vice President Irial Finan told Finance Minister Ravi Karunanayake during the meeting, that Sri Lanka could be developed as 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 two Coca Cola executives pointed out that Sri Lanka could benefit from the arrangement by earning huge amounts of foreign exchange, even while generating jobs  for the youth.

The use of Sri Lanka’s natural water resources and tea related products to manufacture Coca Cola brands and re-export the final products was also discussed during the meeting on Saturday, the Government Information Department reported.

John Murphy and Irial Finan had expressed concern however, about the stability about the rate of taxation on foreign investment, but said they were happy the government is maintaining cordial relations with foreign investors in the country.


There are 11 Comments

These scoundrels at Cake have depleted water supplies everywhere they go. These Corporate bandits are planning to suck the Sri Lankan water supply dry. Sri Lanka will regret this move. It's long term suicide for a hand full of Rupees for a very few. Bad idea !!!

At least we can sell the water to earn some funds for this cash stricken Country of ours.

One needs to understand that Coca Cola can set up a production hub where ever they want. I don't think that they have any grand plans to deplete Sri Lanka's water source. Further more the Sri Lankan environmental impact assessments are carried out by Sri Lankan's. Rather than criticizing multinationals we SRI LANKANS must have the courage to stand upto fellow Sri Lankan's n get the right thing done. This is typical Sri Lankan culture- when given a little freedom of speech and expression you misuse it totally and when ruled by tyrants and dictators you put your tail behind your back and retreat without a noise. I think we need to get out of this frog in the well island mentality and be more rational, honest and courageous when making public comments

" I don't think that they have any grand plans to deplete Sri Lanka's water source". You are right - this is not a plan to deplete Sri Lankas water resources but ultimately, sonner rather than later, that is what will happen. Please read up about Coca Cola's record in other countries including India How do you think our country, in the midst of droughts, regular news of "No Rain In Catchment Areas" and perennial water-cuts, for our OWN PEOPLE, will be able to supply water to feed the Coca Cola thirst of India with it's BILLION+ people ????? There are some things that should NOT be sold to corporations - Water is one of them. If Coca Cola really wants water, let them setup a desalination plant and use water from the sea

Well said Sunil ! Cheers !

Its healthier to encourage the locals to bottle healthy and beneficial juices with locally available products. We should do our utmost to encourage the local populace to start small businesses. Certainly Coco Cola is a terrible idea and goes against promoting nutrition of the body.

No water problem here, just set up a large desalination unit and filter the sea water into the quality you need, big ocean out there you can tap from.

Desalinated water is used in many countries such as Maldives to manufacture Coca Cola. I think, we should not allow use of natural water for this project because we are already heading for a scarcity of drinking water.

should not allow to use our ground water or spring water. Should allow sea water or river water near sea shore down stream of water intakes.

any way i don't know about this producing from srilanka, but urope medicins '(once) talk to with me , and explaining,,most of high business,productions are (co ca cola)world whild !

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