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Cola wars are pass�, it's things like mobile phone services that are the real competition for Coke products, said Neville Isdell, chairman and chief operating officer of Coca-Cola, the world's largest beverage company.
In
"What you are fighting over is the money in the pocket of the consumer. Our competition is not as narrow as people think -- it we are in a broad competitive set," said Isdell, who is in
Meanwhile, the Atlanta-based beverage company is also planning to enter the packaged tea market -- that is, launch offerings from its global offerings either in cans or bottles -- though it did not divulge when.
The company has a global tie-up with Nestle [Get Quote] to distribute its Nestea brand of canned and bottled teas. Its own portfolio for tea includes
"Tea is a very high-growth area for us. We are number one in
On the criticism that the company faced in
Responding to lessons he learnt from the controversy in Kerala over drawing groundwater resources, Isdell said: "The lesson was that we need to engage with society. It is only then that we will have a level-playing field in any debate."
Isdell also said Coke is making money in
Coke has already invested $1.5 billion in the country and it will be putting in another $250 million over two or three years for its expansion and growth in
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