Feb 18 (Reuters) - India's Reliance Consumer Products on
Tuesday launched its home-grown cola brand, Campa Cola, in the
United Arab Emirates, marking the brand's first foray into the
global market dominated by U.S. beverage giants PepsiCo ( PEP )
and Coca-Cola.
The FMCG arm of Mukesh Ambani's Reliance Group said it has
partnered with UAE-based food and beverage firm Agthia Group
for the launch, but did not disclose any details of
the deal, including the financial terms.
The deal marks Campa Cola's first overseas expansion since
its 2023 revival by Reliance Industries. It was a prominent
brand in the 1970s and 1980s, but waned after PepsiCo ( PEP ) and
Coca-Cola entered India in 1991 and surged in popularity.
"We believe it (Campa) will strongly resonate with the
significant Indian expatriate community in the UAE, and, local
consumers alike," Agthia CEO Alan Smith said.
Campa Cola's entry into the rapidly growing soft drinks
market in the UAE, which research firm Statista estimates to be
around $1 billion, will put it in direct competition with
Coca-Cola and Pepsi, and other local brands.
The Campa portfolio in UAE will initially include Campa
Cola, Campa Lemon, Campa Orange and Cola Zero - the sugar-free
version of the beverage - and will bear the original red and
purple packaging, Reliance Consumer said.
(Reporting by Kashish Tandon in Bengaluru; Editing by Shinjini
Ganguli)