Page 24 - Seniors Today - August 21 Issue
P. 24

For some reason some simple pleasures                               was not agreeable to either
         from our colonial past still existed those                           Coke or IBM the two iconic
         days. The Coca Cola company entered the                              companies that left India.
         country way back in 1950. Their entry was                             India of course has come
         marked by their first bottling plant Pure                            a long way since those
         Drinks Ltd. For some reason we could                                 days. But I still cherish
         still drink Coke until 1977 when George                              the memories of the India
         Fernandes who was Minister of Industries                             of the past. They were
         was able to oust them from the country                               innocent days of a young
         through the implementation of the Foreign                            country trying to make its
         Exchange Act through a provision which                               way into the world while
         stipulated that foreign companies must                               shaking off its colonial
         dilute their equity to 60% something that                            past.





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