India: A High-Priority Market
India currently represents one of PepsiCo’s largest markets globally. In mid-November, PepsiCo announced plans for the company and its partners to invest 5.5 billion USD in India by 2020 to increase the capabilities in the areas of innovation, manufacturing, infrastructure and agriculture. In addition, the investment is expected to significantly increase production capacity to meet the growing demand for PepsiCo foods and beverages. The company and its partners plan to expand capacity in India to more than double current levels by 2020.
“India is a country with huge potential and it remains an attractive, high-priority market for us”, said PepsiCo Chairman and CEO 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.”
PepsiCo AMEA (Asia, Middle East and Africa) has been a growth engine for the company and generated more than 6.6 billion USD in revenues in 2012. PepsiCo India is one of the company’s key regional growth drivers, and one of the largest food and beverage businesses in India. The company currently operates more than 35 beverage and bottling plants that produce a diverse product portfolio.
