India

PepsiCo to Invest $5 Billion in India

Expanding manufacturing and goods there

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PepsiCo Inc. (PEP), the world's largest snack-food maker, will invest 330 billion rupees ($5.2 billion) with its partners in India by 2020 as it increases manufacturing capacity and adds new products.

The Purchase, New York-based company and its partners will ramp up investment in delivery infrastructure in the world's second most populous nation with a focus on rural areas, according to a statement yesterday.

"India is a country with huge potential and it remains an attractive, high-priority market for PepsiCo," Chairman and Chief Executive Officer Indra Nooyi said in the statement. "We've only scratched the surface of the long-term growth opportunities that exist for PepsiCo and our partners."