Davos: Global food and beverages giant
PepsiCo will invest 200 million dollars in India in enhancing
manufacturing, products and agricultural activities to
increase its footprint in the country.
"... investing in products, manufacturing plants,
agriculture," PepsiCo chairman and CEO Indra Nooyi told a news channel when asked about details of the company's planned
investment of 200 million dollars in India.
"All investment will increase our footprint and bring
technology from the world over to enhance agriculture, the
country and the community," she added.
She said PepsiCo is a big agricultural company, be it
growing potatoes or citrus in Punjab, Maharashtra, or Madhya
Pradesh and the firm is working to increase yields and provide
sustainable produces for farmers.
"We are introducing new technology for agriculture like
direct seeding in paddy crops," she added.
Commenting on investment on manufacturing, Nooyi said:
"We are expanding manufacturing footprint in Kolkata."
In 2009, PepsiCo had bought 4 acres more for its existing
10-acre plant in Sankrail, West Bengal, where it makes 'Lays'
and 'Kurkure' snacks. It had planned to make the plant its
largest in India with a production capacity of 50,000 tonnes a
year by 2011, up from 20,000-25,000 tonnes a year then.
Pepsico had last year said it will invest around Rs 1,000
crore (200 million dollars) in the next three years and has
also got the approval of the government for the purpose.
PTI
First Published: Friday, January 29, 2010, 18:05