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Coca Cola Shown The Door By Tamil Nadu Govt
Coca Cola Shown The Door By Tamil Nadu Govt The Tamil Nadu government has cancelled the 71.34 acres plots allotted to Coca-Cola\'s beverages manufacturing facility in the State Industries Promotion Corporation of Tamil Nadu Limited (SIPCOT) Industrial Growth Centre in Perundurai for non-compliance of terms and conditions.
The Tamil Nadu government has cancelled the 71.34 acres plots allotted to Coca-Cola's beverages manufacturing facility in the State Industries Promotion Corporation of Tamil Nadu Limited (SIPCOT) Industrial Growth Centre in Perundurai for non-compliance of terms and conditions.
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SIPCOT allotment and subsequent soil testing triggered a spate of protests from residents of Perundurai and Chennimalai towns and farmers in the area, who feared groundwater depletion and discharge into the water courses. A Trust to save the towns from the proposed plant was also formed and has become a hotly debated political issue, including in the Assembly during the budget session in March.
Meanwhile, Hindustan Coca-Cola Beverages Pvt. Ltd. (HCCBPL), in a statement, said the company had written to the State government that due to unforeseen pressures and delays it will not be able to invest in SIPCOT, Perundurai. Despite best efforts to address concerns, the construction could not be commenced, the company said asking the State government to refund entire money paid so far.
