Coca Cola plans $200m investment in Pakistan

[Kabira]

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.

Coca-Cola promises further investment as Multan plant inaugurated

“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.

Coca-Cola chief Muhtar Kent to step down

“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.
http://tribune.com.pk/story/1306731/coca-cola-plans-200m-investment-pakistan/

 

[Hyde]

Really glad to gear that

So directly or indirectly, our special economic zones are getting attention of major giants

 

[Kambojaric]

Great news. Hopefully others follow where a global giant leads.

 

[Sully3]

The great isolation continues, please stop it Modi we can't take it anymore


day after day Modi and Indians get slapped on their face with the international isolation. You isolated us with Bangladesh and Afghanistan haha super power India

 

[Azadkashmir]

watch dentist bills go up too obesity, diabetes.

 

[Path-Finder]

watch dentist bills go up too obesity, diabetes.

that is exactly what i was about so say since such soda carbonated based sugary drinks are cheaper than water in the US, I am certain this is what will happen in Pakistan.

 

[Azadkashmir]

that is exactly what i was about so say since such soda carbonated based sugary drinks are cheaper than water in the US, I am certain this is what will happen in Pakistan.

bro it epidemic but authorities are not exposing it. apparently back in the days usa banned white sugar it was classed a drug like heroin. americans went from the healtiest people to the fattest people in the world.

in the old days americans did research and choose the most whole healthiest food as thier culture and daily consumtion but all that changed in world wars.

 

[Lagay Raho]

oh jolly,more poison for all,but its ok they r investing 200m$!

 

[Path-Finder]

bro it epidemic but authorities are not exposing it. apparently back in the days usa banned white sugar it was classed a drug like heroin. americans went from the healtiest people to the fattest people in the world.

in the old days americans did research and choose the most whole healthiest food as their culture and daily consumption but all that changed in world wars.

that is true, in a span of 40 years the americans have become the most obese nation in the world and its all sugar and corn syrup that poisons your body but the witch hunt is against fats, healthy fats. it is unfortunately all by design.

 

[AZADPAKISTAN2009]

Great news

 

[Sugarcane]

It's poison, Attract investment in dairy, live stock and sea food.

 

[PDFChamp]

The great isolation continues, please stop it Modi we can't take it anymore

Modi’s demonetization plan has been a failure
By Gaurav Tyagi Source:Global Times Published: 2017/1/24 21:43:39

Illustration: Peter C. Espina/GT

The demonetization of 1,000 and 500 Indian rupee notes by Indian Prime Minister Modi on November 8, 2016 has turned out to be a big failure.

In a country of 1.34 billion, roughly only 34 percent of the population has access to the Internet. Furthermore, for the minority that are online, there remain serious problems regarding poor connectivity and Internet security issues. A 2015 study of global banking practices by the World Bank revealed that only 53 percent of adult Indians have bank accounts. Out of this figure, 43 percent of the accounts are dormant.

How then can India switch from a primarily cash-based economy to a digital one overnight in the absence of the required infrastructure?

Further, Modi's demonetization move has led to an increase in corruption. A parallel economy has sprung up in India wherein any amount of old demonetized bank notes of 500 and 1,000 rupees were being converted into new bank notes or deposited into bank accounts at a commission of 30 to 40 percent.

http://www.globaltimes.cn/content/1030501.shtml


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Narendra Modi is pulling India back to the 1970s

Washington Post
By Barkha Dutt January 23

“Our problem is that there is too much democracy in India — that’s why difficult decisions never get taken,” declared Sunil Alagh, marketing consultant and supporter of the ruling Bharatiya Janata Party (BJP). The bon vivant was responding to the uproar over Prime Minister Narendra Modi’s shock decision to invalidate 86 percent of India’s currency. Alagh’s lament betrayed a longing oft expressed by the country’s affluent and well heeled — a craving for the precision and order of authoritarian leadership. “You know, we need someone like Lee Kuan Yew in Singapore,” can be heard in many swish Delhi drawing rooms, whose attendants are in any case inoculated by wealth against the vagaries of India’s economy.

• The audacity of Modi’s demonetization decision and the centralization of power it represents has drawn many parallels with Indira’s actions in the 1970s.
  
• His notes ban has especially drawn comparisons with Gandhi’s move to nationalize India’s banks in 1969. Modi’s speech at a mammoth political rally at the onset of 2017 virtually replicated a slogan from hers in 1971. Where she had dared her challengers — “They say — remove Indira, I say, remove poverty” — Modi bellowed to enthusiastic approval; “They say — remove Modi, I say, remove corruption.” Apart from the curious third-person referencing of themselves (perhaps appropriate for the personality-centered, cult-building political style of both leaders), the striking parallel with the ’70s is the increasing levels of executive power given to the state.
  
• Statism may have been normal for a socialist-era Gandhi, but where does it reconcile with a party that ran for office on the slogan of “Minimum government; Maximum governance”?

Modi asked India for 50 days for the system to breathe easy again after demonetization. Two months on, we must ask: What exactly did his decision achieve?

Yet, there is no visible outrage from the Indian public because of Modi’s masterful management of the political messaging. By branding his decision as a “fight against corruption, black money, fake notes and terrorism,” Modi has converted demonetization into a test of courageous patriotism. Playing on Gandhi’s mantra of being a messiah for the poor, Modi astutely positioned the notes ban as a modern day morality play where “sacrifice” is key to being a good citizen. Modi himself drew the Vedic analogy of the currency ban being like a “yagna,” a “purification” ritual that would cleanse India. Hardship is now a virtue, a sacrifice to attain a Hegelian notion of the common good. If Gandhi spoke conspiratorially of the “foreign hand” out to destabilize India, an emotional Modi has spoken of those who “won’t let me live” for the crackdown on currency. In an age of strident hyper-nationalism, the BJP has craftily encouraged the narrative that those opposing demonetization are fat-cat traitors who are too indolent to be part of a great national movement.

Modi’s blend of disruptive individualism, strongman politics and old-style welfare economics falls back on more government, rather than less, as the primary vehicle of change. The ’70s deja vu has confirmed one thing — “Modinomics” is not quite the right-of-center Thatcherite model that many of his supporters may have expected. Indeed, in India, we are back to the future.


Modi & India...Good-bye and Good riddance

 

[Cipherman]

Its better to drink Fresh Juice then Coke, This Investment will give some benefits but you have to take care your country products

 

[marbella]

People are happy to have investment, even if its from Pro Israelis !!

 

[terry5]

Pepsi rules
Coca Cola in Pakistan tastes rubbish like ch mical