Coke/Pepsi and the 'Investment Climate' in India
Who is really unfair?
The Bush administration is facing fierce criticism across India for backing the Coca Cola and Pepsi Cola companies in their fight with local authorities and consumer groups. Following new research from the Centre for Science and Environment (CSE) pubshed by the Down-To-Earth magazine, the two multibillion-dollar soft drink giants were forced to wind up their operations in the state of Kerala over charges of selling substandard products that could pose health risks. Haider Rizvi reports.
The cola companies are already facing full or partial bans in six other Indian states as a result of a growing nation-wide campaign by environmental groups and local communities. Researchers at the Center for Science and Environment (CSE), an independent group, say they have conducted various studies that clearly show pesticide residues in Coca Cola and Pepsi products in India were 24 times higher than European Union standards ...
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