PepsiCo to invest heavily in India for growth
September 22nd, 2008 Leave a comment Visited 22 times, 1 so far today
PepsiCo to invest heavily in India for growth
PepsiCo has announced that they are now planning to invest as much as $500 million in three years in India to boost their presence in this market.
The aim is to triple their business in this market which is home to second largest population in the world.
Company Chief Executive Officer Indra Nooyi said in a statement: “We have sustained double-digit growth both in volume and revenue and become the fourth-largest consumer products company in India. We are making important gains in market share.”
The company is also developing healthier snacks for the health conscious consumers in this market.
Incidentally, PepsiCo has already made investments of more than $700 million so far in India. They had launched their operations here in 1989.
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