Tamil Nadu shuts Coca-Cola plant |
India`s southern state of Tamil Nadu has cancelled the permission given to Coca-Cola to build a bottling and manufacturing plant in Erode district following protests by farmers, who argued the unit would deplete groundwater reserves. The permission granted to Hindustan Coca-Cola Beverages Pvt Ltd to set up the plant at Perundurai, 500 km from Chennai, and the allocation of land had been cancelled. Coca-Cola said it was committed to investing in Tamil Nadu but it would not be able to invest in SIPCOT, Perundurai because of unforeseen pressures and delays. The firm claimed some approvals were not coming through despite repeated follow-ups and requested the state government to refund the money paid so far. Buzz is that the approval given for the plant, with an estimated investment of Rs 500 crores, was withdrawn.
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