Pepsi's Indian investmentThis article was originally published in Foodnews
PEPSICO will invest over INR10.0 billion (US$220 million) this year to increase the capacity of its beverages business in India. Of the proposed investment, PepsiCo India will put in US$170 million while the remaining US$50 million will be invested by its bottling partners. "This is by far the largest investment made by the company in its beverages business in a single year since its entry into India," PepsiCo India chief executive, Sanjeev Chadha, said. "PepsiCo's beverage business is steadily growing over the last nine quarters and is (expanding) at the rate of 30% in the current year." This proposed investment is part of the company's US$500 million investment plan announced last year.