date:Nov 12, 2013
PepsiCo Inc, the maker of Pepsi-Cola, Frito-Lay snacks and Tropicana juice,said on Monday itplans to invest $5.5 billion in India by 2020 to expand its presence in the country, according to Reuters.
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 $5 billion between 2012 and 2020 to grow its business in Asia's third-largest economy.
PepsiCo and Coca-Cola's investments, driven by a growing middle class with high