Pepsico brings in additional capital worth $ 200 mn [Saturday, January 9, 2010]
The Union Cabinet has cleared all hurdles for Pepsico Pvt Ltd to expand its capital by $200 million into its plants in India. The capital would be employed to expand its manufacturing capacity, market infrastructure, supply chain and R&D. The decision regarding the investment was approved at the cabinet committee meeting on Economic Affairs. The total investment of Pepsico would here by rise to $655 million. Pepsico Ltd is also planning to set up three additional plants in the country over the next three years.