PepsiCo will invest Rs 5,700 crore (approximately $685 million) to expand its Indian operations by 2030. This strategic move follows two consecutive years of double-digit growth for the company's Indian subsidiary. Revenues reached Rs 9,798 crore in the last fiscal year.
The company will direct the majority of this capital toward increasing manufacturing capacity for its food brands. New facilities in Madhya Pradesh, Assam, and Tamil Nadu will support production for Lay’s and Kurkure. CEO Jagrut Kotecha cited rising incomes and a consumer shift toward branded products as primary demand drivers.
PepsiCo aims to deepen its footprint in high-growth international markets despite global geopolitical uncertainty. The investment will also fund India-for-India innovation and R&D centers. These facilities will tailor the company's product portfolio to local consumer tastes.