Arab Today, arab today pepsi plans 5bn investment in india by 2020
Last Updated : GMT 23:12:04
Arab Today, arab today
Arab Today, arab today

Pepsi: Plans $5bn investment in India by 2020

Arab Today, arab today

Arab Today, arab today Pepsi: Plans $5bn investment in India by 2020

New Delhi - AFP

US soft drinks giant PepsiCo announced Monday it would invest more than $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 in such areas as 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. "This investment is PepsiCo's vote of confidence in India's future," she said in a statement. 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 currently have some 38 bottling plants and three food plants in the country. Last year rival Coca-Cola Co said it would spend $5 billion in India over the next seven years to increase its operations. PepsiCo and Coca-Cola are competing to woo consumers in emerging markets including India and other parts of Asia, as well as the Middle East and Africa. India's increasingly affluent population of 1.2 billion is attracting global consumer companies despite the need to overcome bureaucracy and other hurdles.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today pepsi plans 5bn investment in india by 2020 Arab Today, arab today pepsi plans 5bn investment in india by 2020

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today pepsi plans 5bn investment in india by 2020 Arab Today, arab today pepsi plans 5bn investment in india by 2020

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
View News in Arabic - Business: أخبار الشركات
Arab Today, arab today
Arab Today, arab today

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 11:09 2017 Sunday ,25 June

HUAWEI P10 the ‘guru’ of portrait shots
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday