PepsiCo bets on India to climb global ranks
PepsiCo, a global food and beverage giant, anticipates India to enter its top 10 markets in the years to come. Jagrut Kotecha, PepsiCo's India & South Asia CEO, expressed confidence in the country's growth potential during a media roundtable on Thursday. In line with this optimism, PepsiCo has pledged to invest around Rs 5,700 crore by 2030 to expand its manufacturing footprint and supply chain network in India.
The company recently inaugurated its fifth manufacturing plant in Nalbari, Assam, with an investment of Rs 778 crore. Kotecha also announced the establishment of a concentrate facility in Ujjain, Madhya Pradesh, and a plant in Tiruchirappalli, Tamil Nadu, to further penetrate south India. Despite a relatively low per capita consumption of packaged goods in India, PepsiCo remains bullish on the market, citing the potential for growth driven by regional preferences and customized manufacturing approaches.
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