Ex-Defence Minister Fernandes once forced Coca-Cola out of India
Ex-Defence Minister George Fernandes, who passed away on Tuesday, forced Coca-Cola to discontinue its Indian operations in 1977 when he was the Industries Minister. Fernandes asked CocaâCola to transfer 60% of ownership in Indian operations and its formula to a local company. The US company said it was agreeable to transferring a majority of the shares but not the formula.