CCI Pakistan’s greenfield project will be completed by February 2022, which will create job opportunities and revenue for the government as well as the third-party suppliers, dealers and distributors.
ISLAMABAD: Coca-Cola Icecek (CCI) has shared plans to set up its 7th production plant in Pakistan, with an investment of $50 million, as the company’s delegation called on Federal Minister for Industries and Production Makhdoom Khusro Bakhtyar.
During the meeting, CCI’s delegation shared details of setting up a production plant, activities related to corporate social responsibility (CSR), and venturing the new investment opportunities.
Minister for Industries & Production Khusro Bakhtyar assured the government’s full support for the execution of the CCI’s investment plans and shared the prime minister’s vision to make Pakistan an economic hub.
He said that the beverage and food industry has a 12 percent share in large-scale manufacturing (LSM), while the growth of this sector would create new jobs and support ancillary industries, as the business grows further. The meeting also discussed issues relating to the sugar taxes on beverages.
During the meeting, it was informed that the company’s greenfield project would be completed by February 2022, and the company would request Prime Minister Imran Khan to inaugurate the project.
The project would be used primarily for beverage needs in the northern region. Moreover, it will create direct and indirect employment opportunities and revenue for the government, as well as the third-party suppliers, dealers and distributors, the delegation participants said.