Coca-Cola officials want to set up new factories at Faisalabad and Islamabad.
Coca-Cola Company has announced a $200 million investment in Pakistan as the world’s biggest soft drinks maker company seeks to expand its production and distribution capacity in the country.
“Coca-Cola is presently contemplating a further $200 million of green field investment, and expand Coca-Cola’s production and distribution capacity in Pakistan, said Atilla Yerlikaya, general manager of Coca-Cola.
Atilla Yerlikaya met the Chairman of the Board of Investment, Miftah Ismail and showed their interest to government representatives that the company wanted to set up new factories in the ‘special economic zones’ in Faisalabad and the capital Islamabad.
“The company has already invested $500 million during this year on upgrading existing plants in the country,” Yerlikaya told the chairman of Pakistan’s Board of Investment.
Coca-Cola giant inaugurated a $60 million plant in Bangladesh through its subsidiary International Beverage, at the start of this month.
It is aiming to secure ‘long-term growth’ for its business in the region and ‘sustainable development’ for the local community.
Chairman Board of Investment Miftah Ismail told Coca Cola delegation that Pakistan had one of the most significant foreign investment regimes in South Asia.
The chairman of the Board of Investment, Miftah Ismail, reassured Coca-Cola for the government’s commitment for establishing their news bottling plants in “Special Economic Zone” to supporting inward investment in the country’s economy.
“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” Miftah Ismail said.
Miftah Ismail also acknowledged and appreciated the meeting delegation from Coca-Cola, for their effort to pull new investment to the country, which will further boost the economic relation between two friendly countries.