Coca-Cola Plans to Invest $200M in Bangladesh in Next 5-Yrs

The global Coca-Cola beverage company has agreed to spend US$ 200 million in Bangladesh over the next five years.

"Immediately next year, Coca-Cola would be investing $50 million in Bangladesh," said Brian Smith, Coca-Cola's Ceo and Chief Operating Officer (COO), while meeting industry minister Nurul Majid Mahmud Humayun, MP, with a six-member delegation at his ministry's office Thursday.

Brian Smith said that Bangladesh is a potential market and that Coca-Cola would boost its capacity to raise rural availability.

He told the minister that Coca-Cola would produce beverages with different levels of sugar in Bangladesh.

Humayun requested Coca-Cola to come up with a 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: BSS