TAZ@psuvm.psu.edu (06/28/91)
Summary of Reuters: From Sanjay dixit NEW DELHI: THE COCA COLA Company, which left India in 1977, wants to resume business in the country, industry officials said. They said Coke was preparing a proposal for a venture with Britannia Industries of India, a cookie and bread maker partly owned by the RJR Nabisco Holdings Corporation. Coca Cola left India rather than accept the Government's demands that it give up 60 percent of its Indian subsidiary and reveal the secret recipe for its cola soft drink. India's new Govt., however, is encouraging investment by multinational companies. Coke's rival, Pepsico Inc., which had a short lived Indian operation in the 1950's returned in a threeway venture in 1989. End of article