PepsiCo Targets Indian Market; Increases UP Snacks Plant Investment
PepsiCo India President Ahmed ElSheikh stated that the company will increase the investment to Rs 814 crore in its snack plant in Uttar Pradesh since it is "extremely optimistic" about the future of Indian market. He informed that the investment would create 1,500 jobs. He further stated that the company has introduced new offers amidst the pandemic and according to experts, India will be PepsiCo's third-highest consumer market by 2025.