PepsiCo's Indian Market Focus Strengthened by CEO's Visit

PepsiCo's Global CEO Ramon Laguarta met with Prime Minister Narendra Modi during his visit to India to discuss the company's long-term commitment. The meeting emphasized strategies in manufacturing, sustainability, and innovation as India remains a crucial market. Recent GST changes impact PepsiCo's tax positioning on snacks and beverages.

PepsiCo Global CEO and Chairman Ramon Laguarta, during his three-day visit to India, engaged in a significant discussion with Prime Minister Narendra Modi, focusing on the company's enduring commitment to the Indian market.

This visit, his second in six months, underscores India's growing importance to Pepsico. In a LinkedIn announcement, PepsiCo highlighted plans for strengthening its presence in India through collaborations in manufacturing, sustainability, and community development. This marks Laguarta's inaugural meeting with Prime Minister Modi, although he has been the board chair for nearly seven years.

The discussions come at a time when new GST adjustments have a mixed impact on PepsiCo: taxes on food products like snacks have decreased, benefiting key brands, while beverage rates have risen. Despite challenges, PepsiCo's dedication to the Indian market is reflected in substantial investments, such as new plants in Assam and Madhya Pradesh, aiming to bolster growth.

(With inputs from agencies.)