Indiantelevision.com Team

(2 June 2009 1:50 pm)

MUMBAI: Pepsico India is investing Rs 10 billion in India by the end of '09. Around Rs 7.65 billion would come from internal accruals while the remaining would come from its bottling partners, mentioned PTI.

This investment is part of the $500 million investment plan announced by Pepsico global head Indra Nooyi. It was to be invested in a period of three years.

Pepsico India was to make an investment of approximately $110 million in its beverage business but the company has decided to double the amount in the current year.

"We have decided to revise our earlier investment plans upwards seeing the good growth of the beverage segment. We are now doubling our investments over the ast year. And this is by far is the largest investment made by the company in its beverages business since its entry into India. The company's beverage segment has been steadily accelerated over the last nine quarters and is growing around 30 per cent in the current year," said Pepsico India Chairman and CEO Sanjeev Chadha.

The new investments would be used in improving the manufacturing capacity, market infrastructure, R&D, fruit processing and the supply chain. The company also plans of setting up new green field plants over the next three years. Additionally, the company has plans to expand its portfolio and launch more India-specific products.

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