PepsiCo not worried by U.S crisis, ups India investment

September 21, 2008

Source

PepsiCo Inc (PEP.N) does not expect the U.S. financial crisis to hit its business and will invest a further $500 million in India over the next three years as part of its focus on fast-growing emerging markets, its chief executive said on Sunday.

But high commodity prices and global inflation remained a worry for the maker of Pepsi-Cola, Frito-Lay snacks and Quaker Oatmeal and could weigh on margins in the short-term, Indra Nooyi, also the chairman of the company, told reporters at a news conference near India's capital.

"The problems of Wall Street has not rippled over to the main street,"she said, ahead of a two-day meeting of the company's 26-member senior leadership team in India.