Sangareddy: PepsiCo on Wednesday said it is looking to double procurement of potato in India annually over the next five years from the current 2.4 lakh tonnes, a day after BJP leader Sushma Swaraj stated that the food and beverages major rejected local produce in Punjab. "We work with around 24,000 farmers right now and last year we procured about 2.4 lakh tonnes of potatoes through contract farming and the programme continues to expand. I think, over the next five years, this figure should double," PepsiCo India Executive Director Vivek Bharati told reporters.
The company is at present engaged in contract farming in seven states, including West Bangal, Punjab and Karnataka. During the debate on FDI in retail in Parliament on Tuesday, Swaraj had said that the most likely scenario would be that retail chains would not buy products from small and medium farmers at all and supported her contention by giving the example of PepsiCo in Punjab that rejected locally produced potatoes and tomatoes as being below standards.
Asked for his comments on FDI in retail, PepsiCo India Chairman Manu Anand said: "FDI is being debated in the Parliament, we do not want to get into this debate. As far as our sector is concerned, it is 100 per cent FDI (sector). Well, the more the points of sale, the better it is always for the industry."
Talking about its various initiatives for local people, he said the company has launched a community partnership initiative here,
05:16 PM, Dec 05, 2012
Kolkata: FDI in multi-brand retail has been the most contentious of UPA-II's big ticket economic reforms. But the question is what do the stakeholders on the ground think about it. CNN-IBN finds out what Kolkata feels about FDI in multi-brand retail. West Bengal Chief Minister Mamata Banerjee pulled out of the government, she walked the streets, she got tinsel town singing as well for her opposition to FDI in multi-brand...
09:52 AM, Dec 03, 2012
Kolkata: West Bengal Chief Minister Mamata Banerjee may have pulled out of the United Progressive Alliance (UPA) government over her opposition to the Centre's decision to allow 51 per cent foreign direct investment in multi-brand retail. But back in her own state capital, the verdict seems to be split on whether FDI will be good or bad for the people. At Kolkata's largest wholesale market, Posta Bazar, traders seem to...
07:35 AM, Oct 01, 2012
New York: The India-born chief executive of Pepsico Indra Nooyi is one of the 18 women who are at present at the helm of America's biggest 500 corporations, according US business magazine Fortune. Nooyi is ranked fourth by Fortune in the list of Fortune 500's "female powerbrokers". "Nooyi has overseen a shift in focus from soft drinks into less profitable, albeit healthier, snack foods market in recent years," Fortune said....
05:04 PM, May 09, 2012
New York: In the 1980s Michael Jackson pitched it as "the choice of a new generation." In 1990 Ray Charles told people they "had the right one, baby." Now, Pepsi wants people to "Live for Now." A multi-year campaign featuring that tagline, as well as various online components, ads and partnerships will roll out globally for the cola brand this year, starting on Monday in the United States. The campaign...
06:38 PM, Apr 30, 2012
Washington: PepsiCo's Indian-born chairman and chief executive Indra Nooyi received $17.1 million in compensation in 2011, a 5.8 percent increase from her 2010 package, according to a regulatory filing. The increase was driven largely by changes in the value of her retirement benefits at PepsiCo, according to the Securities and Exchange Commission filing released on Friday. Nooyi, 56, who has been the soft drink major's chief executive since 2006, got...
10:05 AM, Mar 24, 2012
Dubai: The UAE's Ministry of Economy has ordered removal of certain cans and bottles of Pepsi and Coca Cola from the market within one month, saying that the companies have reduced quantities without prior permission. The decision was taken after meeting between the Ministry and local departments following complaints the two multi-national companies have reduced the size of their cans or bottles without prior approval. The meeting concluded that reducing...
02:00 PM, Feb 23, 2012
Washington: After five years on top, PepsiCo's Indian American chairman and CEO Indra Nooyi has been pushed to the second spot as most powerful woman in US business by Kraft's CEO, Irene Rosenfeld. Nooyi was the only woman in the top 10 most powerful to be among the top 10 highest paid, coming in at No 9 after earning $14 million last year, according to the 14th annual ranking by...
09:18 AM, Oct 01, 2011
New York: PepsiCo Inc is introducing a "social vending" machine that lets users buy each other drinks remotely, further proof that its decades-old rivalry with Coca-Cola Co is going ever-more high tech. A prototype of the new technology will debut at a trade show this week in Chicago. Coke started testing its Freestyle vending machine, which has a digital touchscreen and can dispense more than 100 flavor combinations, in 2009....
07:20 AM, Apr 28, 2011
Washington: Corporate America wants Indian Finance Minister Pranab Mukherjee to give positive indications on raising the FDI cap in insurance sector and opening multi-brand retailing during presentation of budget. In their wish list to Mukherjee, as he prepares to present his annual budget in less than 10 days, the US business houses have sought increasing FDI cap in insurance sector to 49 percent, besides reducing tariff in a whole range...
02:21 PM, Feb 19, 2011
New York: She has decades of managerial experience and now, India-origin Chandrika Krishnamurthy Tandon, the sister of PepsiCo Chief Indra Nooyi, is in the race for a Grammy award. Tandon's work 'Om Namo Narayanaya: Soul Call', which features Sanskrit chants, has been nominated for a Grammy Award in the 'Best Contemporary World Music Album' category. The annual awards, given by the US National Academy of Recording Arts and Sciences, recognise...
12:03 AM, Dec 13, 2010
Washington: With trade high on his agenda, some 200 odd top US business chiefs, including soft drink giant Pepsico's India-born CEO Indra Nooyi, are expected to join US President Barack Obama on his India visit next month. Also expected are Honeywell CEO David M. Cote, who co-chairs the India-US CEO Forum with Tata group chairman Ratan Tata. So is Terry McGraw, CEO of leading publishing house McGraw Hill, who took...
12:06 PM, Oct 29, 2010
Washington: GE and PepsiCo in India are among 12 American companies selected as finalists for the Secretary of State's prestigious 2010 Award for Corporate Excellence (ACE). Chosen from a record number of 78 nominations submitted by American ambassadors around the world, ACE finalists are international business leaders who recognize the vital role that US businesses play abroad as good corporate citizens, the State Department announced. GE in India has been...
12:23 PM, Sep 08, 2010
Many sponsors have dumped Tiger Woods after the sex scandal. ...
07:52 AM, Dec 15, 2009
The world is turning to India as the next big business hub. ...
10:10 AM, Nov 11, 2009
Company holds its global board meeting in India this year. ...
03:40 PM, Nov 10, 2009
Indian-born Jaya Kumar will be based out of Chicago. ...
12:23 PM, Oct 06, 2009
Presently Indra Nooyi is the chairperson and the CEO of the Pepsico. ...
12:31 PM, Jul 14, 2009
Indra Nooyi became the CEO of Pepsico in 2006. ...
11:20 AM, Jul 10, 2009
Apple Inc, the maker of iPhone, has topped the 2009 Fortune list. ...
03:10 PM, Mar 04, 2009
