Pepsi plans Indian investment

PepsiCo, the maker of Pepsi-Cola, Frito-Lay snacks and Tropicana juice, plans to invest $5.5bn (£3.4bn) in India by 2020 to expand its presence in the country, it said yesterday. PepsiCo’s plans come after rival Coca-Cola Co, the world’s largest drinks maker, said in June last year it would invest a total of $5bn between 2012 and 2020. “India is a country with huge potential and it remains an attractive, high-priority market for PepsiCo,” chief executive Indra Nooyi said.