DHAKA: The Coca-Cola Company is going to invest more in Bangladesh to expand its footprint, encouraged by growing demand for beverages and steady economic growth of the country, said a top official recently. You will come to know about our next plan of investment very soon. We are working on it. We want to invest continuously,” said Tapas Kumar Mondal, managing director of International Beverages Private Ltd (IBPL), Bangladesh, a subsidiary of The Coca-Cola Company. We will be expanding in all areas, not only in plant but also in the market and portfolio.” He made the disclosure in an interview with The Daily Star last week on the occasion of Coca-Cola completing one year since setting up its plant in the country to cater to the growing beverage market, estimated to be Tk 2,500-Tk 3,000 crore annually. The Coca-Cola Company is going to invest more in Bangladesh to expand its footprint, encouraged by growing demand for beverages and steady economic growth of the country, said a top official recently. “You will come to know about our next plan of investment very soon. We are working on it. We want to invest continuously,” said Tapas Kumar Mondal, managing director of International Beverages Private Ltd (IBPL), Bangladesh, a subsidiary of The Coca-Cola Company. We will be expanding in all areas, not only in plant but also in the market and portfolio.” He made the disclosure in an interview with The Daily Star last week on the occasion of Coca-Cola completing one year since setting up its plant in the country to cater to the growing beverage market, estimated to be Tk 2,500-Tk 3,000 crore annually.
Mondal also talked about Coca-Cola’s activities under corporate social responsibility. It provides uniforms to nearly 600 school students and has opened a community centre for medical check-ups at the bottling plant area. He shared his experience and views on investing in Bangladesh. This is a right place to invest as the economy is growing, income and spending are rising and people are very welcoming. So, you get a good prospect of the overall economy. We have established a plant and we have not faced any hindrance,” he said. Mondal advised prospective investors to understand Bangladesh and its economy. “How many countries do have such a high rate of economic growth?” he questioned. Mondal said it was not difficult to get permissions to make the investment for the plant. “If you follow due procedures, you can get it done,” he said, “We got all the licences on time and all of our processes done.
