Food and beverages conglomerate PepsiCo’s India President Ahmed ElSheikh said the company is “extremely optimistic” about demand in India.
Despite short-term headwinds due to pandemic disruptions and increased investment at its new greenfield snacks plant in Uttar Pradesh, PepsiCo is “highly positive” about the future of the Indian market despite short-term headwinds due to pandemic-related disruptions and increased investment to Rs 814 crore (US$ 111.48 million) to meet rising demand, according to its President of India, Mr Ahmed ElSheikh.
The company is committed to doubling its snack sector in India and increasing the potential of established food plants in Maharashtra and West Bengal. In addition, the establishment of a greenfield production facility in Assam has been suggested. He added that FY 2019 – 20 was PepsiCo third successive Year of profit.