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22 Aug 06
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India's total inflow of US direct investment topped one bln usd last year,
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The United States is India's largest investment partner, with a 17 pct share.
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Both Coca-Cola and PepsiCo were forced out of India in 1977
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India's Supreme Court has given the companies' Indian arms six weeks to reveal the ingredients of their soft drinks.
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'The Coke you drink in India would be as clean as the Coke you get in Paris,' Coca-Cola Asia group communications director Kenth Kaerhoeg said.
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I'm hoping that (US) companies don't use this as a measure to decide whether to invest in India,' said Kiran Pasricha, the US head of the Confederation of Indian Industry (CII).
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'In a time when India is working hard to attract and retain foreign investment, it would be unfortunate if the discussion were dominated by those who did not want to treat foreign companies fairly,'
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This kind of action is a setback for the Indian economy,' Undersecretary for International Trade Franklin Lavin told Agence France-Presse.
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