Coca-Cola to invest $200m in Bangladesh

The Coca-Cola company has planned to invest $200 million in Bangladesh over the next five years, reports UNB.

Reinforcing the company’s commitment to Bangladesh, James Quincey, chairman and CEO of The Coca-Cola Company on his maiden visit to Bangladesh, announced the economic empowerment of 100,000 women by 2020.

He also announced an additional investment of $200 million by the Coca-Cola system in Bangladesh over the next 5 years.

“Coca-Cola is committed to grow its business in Bangladesh in a sustainable manner and this includes understanding and aligning with the country’s priorities,” he added.

In 2015, Coca-Cola brought “5by20” to life in Bangladesh by launching the first Women Business Centers (WBC). The WBC is a unique model that supports rural Bangladeshi women entrepreneurs by proving skill development and financial assistance support.

James Quincey arrived in Dhaka Tuesday morning. His first ever visit to Bangladesh reflects the Coca-Cola Company’s continued commitment to the nation.

T Krishna Kumar, president, India & Southeast Asia, Coca-Cola Company, Stacy Lynn Apter, executive assistance to the CEO Manuel ‘Manolo’ Arroyo, chief marketing officer & group president, Asia Pacific, Marcelo Boffi, pesident & Bottling Investments Group And Deputy group president Asia Pacific, Sundeep Bajora, vice president, South West Asia Operations, Ishteyaque Amjad, vice president Public Affairs & Communications, Coca-Cola India & South Asia & Ajay Bathija, managing director , Coca-Cola Company were also present at the event.