Soft drink giant Coca Cola has caused socio-economic damage amounting to Rs.216.26 crore in Plachimada village of Keralas Palakkad district, said a report submitted to state Water Resources Minister N.K. Premachandran here.
A nine-member panel headed by Additional Chief Secretary K. Jayakumar presented the report Monday to the minister. Jayakumar said the government should set up a tribunal and compensate the loss suffered by the villagers of Plachimada.
What we have found out is that the company has committed a crime which is punishable. About Rs.84.16 crore worth of damage to agriculture, Rs.62.10 crore cost to pollution of water sources, Rs.20 crore each for cost of water provided and wage loss and opportunity cost and Rs.30 crore loss on account of various health problems has occurred, he told reporters.
Premachandran said: The report would now be examined by the government and suitable action would be taken.
Monday, March 22, 2010
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