Coca-Cola Icecek shares details of $50m plant

Published December 7, 2021
Senior management of  Coca-Cola Icecek Pakistan meets Minister for Industries and Production Makhdum Khusro Bakhtyar on Monday. — Photo via Ministry of Industries and Production Twitter
Senior management of Coca-Cola Icecek Pakistan meets Minister for Industries and Production Makhdum Khusro Bakhtyar on Monday. — Photo via Ministry of Industries and Production Twitter

ISLAMABAD: Federal Minister for Industries and Production Makhdum Khusro Bakhtyar on Monday shared Prime Minister Imran Khan’s vision to make the country an economic hub during a meeting with a delegation of Coca-Cola Icecek Pakistan (CCI).

The minister, according to a press release, assured the CCI’s senior management of government’s full support for its investment plans in the country.

The CCI delegation shared details of its seventh Coca-Cola production plant with an investment of $50 million, CSR activities, venturing upon new investment opportunities. Issues relating to sugar taxes on beverages were also discussed. During the meeting, CCI shared the company’s greenfield project would be completed by February 2022, and company would request Prime Minister of Pakistan to inaugurate the project.

They added that the project would be used primarily for beverage needs in northern region. Moreover, it will create direct and indirect employment opportunities and revenue for the government as well as third-party suppliers, dealers and distributors.

The minister welcomed the business expansion plan by CCI Pakistan and said that the investment was reflection of the governments successful pro-investment and pro-business polices.

Published in Dawn, December 7th, 2021

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