Cocacola to invest $ 200mn in next 5yrs

DHAKA, Multinational beverage giant CocaCola has

planned to invest US$ 200 million in Bangladesh in next five years.

Immediately in next year, CocaCola would invest $50 million in

Bangladesh, said Brian Smith, President and Chief Operating Officer (COO) of

CocaCola, while meeting Industries Minister Nurul Majid Mahmud Humayun, MP,

at his ministry office with a sixmember delegation today.

Brian Smith said Bangladesh is a potential market and CocaCola would

expand its production to increase supply to rural areas.

He told the minister that CocaCola would produce beverages with different

levels of sugar in Bangladesh.

Humayun requested CocaCola to come up with specific investment proposal

and told the delegation that his ministry would extend all cooperation in

this regard.

Industries Secretary Abdul Halim told the delegation that Bangladesh is a

big market and people's purchasing capability have increased in recent times

that is why they now look for new products.

Source: Bangladesh Sangbad Sangstha (BSS)