27 June 2016 Current Affairs: Coca Cola will set up a bottling plant in Sitarganj in 70 acres of land to be provided by the Uttarakhand government. Earlier it had to cancel its plan to establish a unit at Chharba village in the state on environmental grounds.
The company recently has asked the State Industrial Development Corporation of Uttarakhand Limited (SIDCUL) to clear its stand on water, Common Effluent Treatment Plant (CETP) and other issues in the 1,700-acre Sitarganj industrial estate.
Coca Cola was in the final phase of setting up its bottling plant in Sitarganj and land will be allotted to it.Coca Cola will set up the plant with the total investment of Rs 400-500 crore and has submitted an Earnest Money Deposit of Rs 1.26 crore.
According to Kumar, Coca Cola officials have completed field inspections and have hired a company as consultant on environmental issues.Few years back, Chharba village residents had opposed the Coca Cola plant on the environmental grounds.
Coca-Cola : Coca-Cola is a carbonated soft drink produced by The Coca-Cola Company of Atlanta, Georgia. Originally intended as a patent medicine when it was invented in the late 19th century by John Pemberton Coca-Cola was bought out by business man Asa Griggs Candler, whose marketing tactics led Coke to its dominance of the world soft-drink market throughout the 20th century. The name refers to two of its original ingredients: kola nuts, a source of caffeine, and coca leaves. The current formula of Coca-Cola remains a trade secret, although a variety of reported recipes and experimental recreations have been published.
The Coca-Cola Company has, on occasion, introduced other cola drinks under the Coke brand name. The most common of these is Diet Coke, with others including Caffeine-Free Coca-Cola, Diet Coke Caffeine-Free, Coca-Cola Cherry, Coca-Cola Zero, Coca-Cola Vanilla, and special versions with lemon, lime, or coffee. In 2013, Coke products could be found in over 200 countries worldwide, with consumers downing more than 1.8 billion company beverage servings each day.