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