Coca-Cola to invest $1 bn in Mexico; to create over 1 lakh jobs
Updated on Sunday, January 29, 2012, 17:40 Print Email Bookmark and Share
Coca-Cola to invest $1 bn in Mexico; to create over 1 lakh jobs
Davos: Beverages maker Coca-Cola will invest over USD 1 billion in Mexico this year, a move that will create more than 1,00,000 jobs in that country.

"It is a pleasure to share with you that Coca-Cola will invest more than one billion dollars in Mexico this year, as part of the company`s five billion dollar investment plans," the country`s President Felipe Calderon Hinojosa has said on the sidelines of World Economic Forum annual meeting here.

"...The company will soon directly employ more than 1,00,000 people in Mexico," he said in a statement.

Mexico is one of the leading emerging economies in the world.

On January 26, Hinojosa announced that global auto-maker Nissan would bring in foreign investment of about USD 2 billion to build a new assembly plant and create 20,000 jobs.

"I can assure you that, not only the Coca-Cola Board meeting in Mexico this year, a decision I appreciate greatly, ... but I can also any business that operates lawfully and in a positive manner, will succeed and generate returns for their shareholders. Therefore, these companies will always have an ally in the Mexican Government," Hinojosa had said.

According to him, Mexico will always look to partner with businesses that invest, compete, work, generate jobs and succeed.

On the WEF sidelines, Hinojosa met with about 40 CEOs of global companies, including Indian entities Suzlon Energy, Great Eastern Energy Corp and Godrej Industries.

Hinojosa would preside over the G-20 leaders` meeting to be held in Mexico in June this year.

Post Your Comment
 Your comment(s) on this article
The views represented here are not neccesarily endorsed by and its allied websites. All messages will be moderated and no message that has inflammatory, abusive, derogatory language or any language deemed unfit for publication by the editor will be displayed. Though it will be endeavoured that as many messages as possible be displayed, there will be time lag between the submission and publication of the messages. The website reserves the right to publish or reject any message.

latest news
Media firms seek higher FDI, lower taxes to aid growth
Question mark on ability to combat future crisis; WEF ends on cautious note
India not to rush into allowing FDI in retail: Official
Trade ministers order Doha push
Export curbs move into trade policy spotlight
Lobster in the mountains, riots on the Nile
More News ยป
Opinion Poll
Will WEF meet be able to ease the slowdown chill?
Can`t say