Coca Cola plans $200m investment in Pakistan

Published: January 25, 2017
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ISLAMABAD: Coca Cola Beverages Pakistan Limited Group Director Public Affairs Atilla Yerlikaya, while visiting the Board of Investment (BoI), expressed interest in investing $200 million in the country in a bid to expand the company’s production.

Yerlikaya informed BoI team about the company’s future investment plans to establish two new plants in Faisalabad and Islamabad. Coca Cola intended to set up its units at the Special Economic Zones (SEZs), he said.

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“The company has already invested $500 million during this year on upgrading existing plants in the country,” said Yerlikaya.

He sought BoI’s support for rationalisation of the tax regime in Pakistan and curbing infringement as some groups were violating industrial property rights and the practice was not only defaming original brands but was also reducing the country’s revenue.

BoI Chairman Miftah Ismail told Coca Cola delegation that Pakistan had one of the most liberal foreign investment regimes in South Asia.

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“100% foreign equity is permitted in the manufacturing and infrastructure sectors as the country has a more market-oriented economy with a rapidly growing private sector,” he said.

Ismail said the BoI would extend full support to Coca Cola and suggested that the company should establish one of its units at the Faisalabad SEZ.

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Reader Comments (6)

  • BrainBro
    Jan 25, 2017 - 7:16PM

    Great. More sugar water for everyone to help them with their diabetes.Recommend

  • Haji Atiya
    Jan 25, 2017 - 7:55PM

    @BrainBro:
    I agree with my esteemed colleague “BrainBro”; we are just looking forward to come down with a whole slew of ailments including diabetes, not to mention rotten teeth, while making some profiteer rich. Incidentally, the sales of Coke in the more developed countries has fallen dramatically over recent years.Recommend

  • Shiva
    Jan 25, 2017 - 9:06PM

    Basically India is pushing out these cola companies from the country. These guys are demons for local farmers which in turn to the national interests. We are very pleased that they are going to Pakistan as these MNCs will suck the water out till a last drop is left. In addition to the large diabetic population it will create in the country. Go away Cola!!!Recommend

  • Darvesh
    Jan 26, 2017 - 7:21AM

    @Shiva:
    Why don’t you accept the fact that companies like Coka Cola are winding up their buisnesses because of poor sales.
    They had missread Indian market!Recommend

  • AW
    Jan 26, 2017 - 8:37AM

    Reading the above comments, I wonder where does it state in the news report that Coca Cola will only invest in Carbonated Drinks. Coca Cola is one of the largest food companies in the world and it may be so that they plan to introduce more of their global products in Pakistan. Recommend

  • Razia
    Jan 26, 2017 - 8:39AM

    i HOPE THE PAKISTANI Government will issue strict business laws and impose high taxes on the COCA COLA MANUFACTURING. IN USA THEY HAVE SWITCHED TO HEALTHY DRINKS NOW THEY SELL IT TO US TO POISEN OUR INNOCENT PEOPLE.

    ****PAKISTAN FIRST**
    Recommend

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