Related News
PepsiCo set to invest over US$5b in India to raise output
Print Edition
US soft drinks giant PepsiCo said yesterday it would invest over US$5 billion with its partners in India to raise production, saying it had only “scratched the surface” of the Asian giant’s potential.
PepsiCo said the investment by 2020 in India, one of its largest markets globally, would strengthen its capabilities manufacturing, infrastructure and agriculture.
“India is a country with huge potential and it remains an attractive, high-priority market for PepsiCo,” said PepsiCo chairman Indra Nooyi.
“We’ve built a highly successful business in India over the course of many years, and we believe we’ve only scratched the surface of the long-term growth opportunities that exist for PepsiCo,” she said in a statement.
“This investment is PepsiCo’s vote of confidence in India’s future.”
The announcement is welcome news for the embattled Congress-led government, which has been struggling to attract foreign direct investment in the face of corruption scandals, a weakening rupee and slowing economic growth.
PepsiCo and its bottling partners aim to more than double production capacity in India by 2020. They now have some 38 bottling plants and three food plants in the country.
Last year Coca-Cola Co said it would spend US$5 billion in India over the next seven years to lift operations.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
