PepsiCo chief Indra Nooyi meets Commerce Minister Sitharaman

Tags: News
PepsiCo Chairman and CEO Indra Nooyi today met Commerce and Industry Minister Nirmala Sitharaman.

Officials in the Ministry and spokesperson of the company declined to comment on the agenda of the meeting, which is widely seen as a courtesy call.

Nooyi is also expected to meet Prime Minister Narendra Modi and Finance Minister Arun Jaitley during her India visit.

Various global corporate biggies have called on Modi and other ministers of the BJP-led NDA government in the recent past.

These include Mitsubishi Corp's President and CEO Ken Kobayashi, Facebook COO Sheryl Sandberg, Japanese retail giant Uniglo's chairman and CEO Tadashi Yanai and Suzuki Motor Corporation's Chairman and CEO Osamu Suzuki.

PepsiCo has been focusing to enhance its presence in India. Last year the company had announced to invest Rs 33,000 crore in India by 2020 to ramp up operations.

The company, which has so far invested $ 2 billion in India since its entry in 1989, plans to strengthen its capability in various strategic areas including innovation, manufacturing, infrastructure and agriculture.

India has been one of the top five markets of PepsiCo and it has eight brands which clock turnover of over Rs 1,000 crore in the market.

The company has 42 plants across India and apart from cold drinks like Pepsi, 7UP, Mirinda and Mountain Dew, it sells snacks under Lehar, Uncle Chipps and Kurkure brands, among others.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • The sudden rush of new papers could unsettle the secondary market

    While questions are being raised if the party has somewhat overextended on the Street, given the not-too-comforting macroeconomic numbers, retail inve

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Arun Kumar Jain

Why manufacturing needs innovation

Prime minister Narendra Modi’s call of “come — make in ...

Kuruvilla Pandikattu SJ

Warren Buffett’s key to happiness

Despite being the second richest American, Warren Buffett still lives ...

Gautam Gupta

In fashion, why quality must exceed quantity

Every time there’s a fashion week in India, my friends, ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture