Reinforcing the company’s commitment to Bangladesh, James Quincey, Chairman & CEO of The Coca-Cola Company on his maiden visit to Bangladesh, announced the economic empowerment of 100,000 women by 2020. He also announced an additional investment of USD 200 Million by the Coca-Cola system in Bangladesh over the next 5 years.
Coca-Cola is committed to grow its business in Bangladesh in a sustainable manner and this includes understanding and aligning with the country’s priorities. In 2015, Coca-Cola brought 5by20 to life in Bangladesh by launching the first Women Business Centers (WBC). The WBC is a unique model that supports rural Bangladeshi women entrepreneurs by proving skill development and financial assistance support. These facilities, run by women, were developed to address common barriers women entrepreneurs face by providing access to business skills training, market information, agriculture training, mobile banking assistance, healthcare counseling, mentoring and networking opportunities. Each WBC provides training, goods and services to hundreds of women throughout their communities.As of now 240 WBCs/ Sub centers are operating and empowering over 70,000 women across Bangladesh. By the end of 2020 over 100,000 Bangladeshi women and their families will benefit from the Women Business Centres. The project currently is active in Jamalpur, Khulna and Bagerhat Districts in the Northwest and Southwest of Bangladesh.
James Quincey arrived in Dhaka this morning. His first ever visit to Bangladesh reflects the Coca-Cola Company’s continued commitment to the nation. Coca-Cola has been refreshing Bangladesh for over 5 decades and the company is incredibly optimistic about the future in this beautiful and dynamic country. Coca-Cola is also one of the key business partners of leading food and beverage companies locally and the combined contribution to the overall economy is substantial. The Coca-Cola system has invested over 100 million USD in the past years and plans to invest another 200 million USD in next 5 years in Bangladesh.
The concept of sustainable development is at the heart of The Coca-Cola Company and the way it does business. The company has continuously been striving to create lasting positive impacts in the communities it proudly serves.
Coca Cola is committed to strengthening the community in Bangladesh through various programs, such as ‘Every Drop Matters’ and WASH, both of which help to provide water, sanitation, hygiene as well as rainwater harvesting projects in schools across the country. Also, the company is working hard toward a clean and pollution free ocean across the world. In Bangladesh, they have been contributing to the coastal cleanup and marine conservation of St Martin’s Island for past 9 years as part of company’s global commitment to create a “World Without Waste” by 2030.
T. Krishna Kumar, President, India & Southeast Asia, Coca-Cola Company, Stacy Lynn Apter, executive Assistance to the CEO, Manuel ‘Manolo’ Arroyo, Chief Marketing Officer & Group President, Asia Pacific, Marcelo Boffi, President & Bottling Investments Group And Deputy group president Asia Pacific, Sundeep Bajora, Vice President, South West Asia Operations, Ishteyaque Amjad, Vice President, Public Affairs & Communications, Coca-Cola India & South Asia & Ajay Bathija, Managing Director , Coca-Cola Company were also present at the event.
About Coca-Cola BangladeshCoca-Cola in Bangladesh refreshes thousands of consumers throughout the country through its core product offerings of Coca-Cola, Diet Coke, Sprite, Fanta, Kinley Water, Kinley Soda, Coca-Cola Zero, Sprite Zero and Thums-Up Current. The system employs more than 500 people directly and indirectly provides employment to over 5,000 people. Coca-Cola is committed to strengthening the community through various programs, such as ‘Every Drop Matters’ and WASH, both of which help to provide water, sanitation, hygiene as well as rainwater harvesting projects in schools across the country. Coca-Cola in Bangladesh is running its unique and flagship program named “Women Business Center” where, women empowerment in financial sector is the main objective empowering 100,000 women in the country by 2020.