PepsiCo has set an ambitious goal to double its revenue in India over the next five years, reinforcing the country’s status as a critical growth market. Jagrut Kotecha, CEO, PepsiCo India & South Asia, highlighted the company’s strategic investments aimed at expanding capacity and strengthening its presence across the region.
Recognizing India as one of its top three markets for food, snacks, and beverages, PepsiCo has already established greenfield manufacturing plants in Uttar Pradesh and Assam to meet rising consumer demand. The company plans to continue its aggressive expansion with two additional facilities, including one in southern India.
“We see India as a key engine of growth for PepsiCo’s global business. While it is not as large as North America due to the category’s evolution, per capita consumption in India remains relatively low. We expect India to be one of PepsiCo’s fastest-growing markets,” said Kotecha.
India is among PepsiCo’s 13 to 15 key anchor markets for global expansion, with Kotecha emphasizing the country’s economic stability and long-term growth potential. He reaffirmed PepsiCo’s alignment with India’s economic vision for 2030, underscoring the company’s long-standing presence of nearly 30 years in the country.
“We need to accelerate our investments and capitalize on the opportunities India presents. While we have been investing steadily, we are now ramping up efforts to solidify our market position,” Kotecha added.
With robust financial growth, expanding operations, and continued investments, PepsiCo remains focused on deepening its presence in India and tapping into the country’s vast economic potential.
