"India is a country with huge potential and it remains an attractive, high-priority market for PepsiCo. We have built a highly successful business in India and we believe we have only scratched the surface of the long-term growth opportunities that exist for PepsiCo and our partners," the India-born Nooyi said in a statement.
Pepsi will invest in doubling its manufacturing capacity and ramping up its delivery infrastructure across rural India. It has invested about $2 billion (about 12,600 crore at current exchange rates) since 1990, when it entered the country and has 42 plants across the country.
With eight brands and a turnover of more than Rs. 1,000 crore turnover here, India is one of the top five markets of PepsiCo. Apart from soft drink brands such as Pepsi, 7 UP, Mirinda and Mountain Dew, it also sells packaged snacks under the Lehar, Uncle Chipps and Kurkure brands.