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PepsiCo to Invest Over $5 Billion in India With Partners

PepsiCo Inc. (PEP), the world’s largest snack-food maker, said it will invest 330 billion rupees ($5.2 billion) with its partners in India by 2020 as it increases its manufacturing capacity and adds new products.

The Purchase, New York-based company and its partners will ramp up investment in delivery infrastructure in the world’s second most populous nation with a focus on rural areas, it said in a statement today.

Source: bloomberg