CocaCola announces $200 Million Plans for its Two New Coke Plants in Pakistan

The GM, Chairman of Pak-Turk Business Council and Group Director Public Affairs Mr. Atilla Yerlikaya, CocaCola Beverages Pakistan Limited, visited Board of Investment with a 3-member delegation to meet Chairman/MOS, Board of Investment to discuss investment opportunities in Pakistan.

The Chairman/MOS, BOI respected the Coca-Cola appointment and educated them that Pakistan has a standout amongst the most liberal foreign investment administrations in South Asia. 100% foreign value is allowed in the assembling and framework sectors of the economy as the nation has a more market-situated economy, with a rapidly developing private sector.

Mr. Atilla Yerlikaya, GM, Coca-Cola Company expressed gratitude toward BOI for participation and assistance and educated about the organization’s future investment gets ready for building up of two new plants in Faisalabad and Islamabad.

The Company has as of now contributed $500 million amid this year on the upgradation of the current plants in the nation. He included that Coca-Cola is a main US financial specialist in Pakistan. Coca-Cola is directly examining a further $200 million of green field investment, and extend Coca-Cola’s generation and distribution limit in Pakistan. He additionally educated that Coca-Cola means to ideally build up their units at Special Economic Zones (SEZ) in Pakistan.

Mr. Atilla Yerlikaya has additionally asked for BOI for support on the justification of expense administration in Pakistan and to control the infringement, as a few gatherings are disregarding mechanical property rights and this practice is maligning unique brands as well as decreasing the income for the nation. The legislature of Pakistan may guarantee operation of true blue companies and find a way to give a level playing field to bona fide speculators.

Dr. Miftah Ismail, MOS/Chairman, BOI said that the board will stretch out full support to Coca-Cola and prompted them to build up one unit in Faisalabad, which was concurred by Coca-Cola. The MOS/Chairman, BOI likewise guaranteed them to help for their second unit at SEZ, Islamabad when it is settled.

Toward the end, Dr. Miftah Ismail said thanks to Mr. Atilla Yerlikaya and his assignment and valued their endeavors and expectations as to lift new investment and economic relations between the two amicable nations.

Source: ProPakistani


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