Date:04/11/2008 URL: http://www.thehindu.com/2008/11/04/stories/2008110456461600.htm

Business

Pepsi to invest $1 b in China

BEIJING: U.S. food and drinks giant PepsiCo on Monday announced plans to invest $1 billion in China over the next four years to boost production and expand its brand name. PepsiCo chairman Indra Nooyi said in a statement: “This is our largest investment in China in the nearly 30 years we have been doing business here.”