PepsiCo mulls investing $1bn in Pakistan

[Shahzaz ud din]

PepsiCo mulls investing $1bn in Pakistan
PepsiCo plans to invest in a potato unit in Multan and the company wants Prime Minister Imran Khan to inaugurate it

ISLAMABAD: PepsiCo is planning to invest $1 billion in Pakistan, said company’s Vice President Krista Pilot said Monday.

Talking to Information Minister Fawad Chaudhary in Dubai, she said her company was interested in investing $1 billion in Pakistan’s food sector.

As per a local media report, PepsiCo plans to invest in a potato unit in Multan and the company wants Prime Minister Imran Khan to inaugurate it.

Fawad Chaudhry on the occasion thanked Pilot, saying that investments by the PepsiCo and British Airways would encourage other companies to invest in Pakistan. “It shows they trust the country,” he remarked.

He said the fruits of PM Khan’s vision, policies and reforms agenda would soon become visible, adding that job opportunities would increase with foreign investment in the country.
Source

 

[Hakikat ve Hikmet]

Business folks are clever!! They go by the total strength of the Pak economy (=30% official + 70% un-official)!!! Some folks jump at seeing the 30% while comparing with their manipulated one!!! And, they open threads after threads to feel good while working through their menial jobs with rudimentary consumption capability (one tenth of Pak for transportation, housing, consumer goods etc.)...

 

[Kambojaric]

After big decline in trade deficit, another good news

 

[Shahzaz ud din]

Long time worked as manager in PEPSI.So I think it will be a good investment. Specially the farmers who grow potatoes will definitely benefit a lot.

 

[hussain0216]

Do they put potatoes in pepsi?

 

[gangsta_rap]

Do they put potatoes in pepsi?

Pepsico owns lays and other snack brands

 

[nahtanbob]

Do they put potatoes in pepsi?

pepsi owns frito lays brand of potato chips

 

[War Thunder]

Long time worked as manager in PEPSI.So I think it will be a good investment. Specially the farmers who grow potatoes will definitely benefit a lot.

So you must be the most obese person on the planet or as close to one as one can be?

Do they put potatoes in pepsi?

ever read the manufacturer on your potato chips that you eat and other drinks you take which are not "pepsi"?

 

[ALi Rizwan]

Long time worked as manager in PEPSI.So I think it will be a good investment. Specially the farmers who grow potatoes will definitely benefit a lot.

Definitely Good for Farmers in that region but not much for Local Competitors.
Also don't forget Multan Snacks unit is only 66 Million $ project.
Major investment will probably goes to bottling business.

 

[Arsalan]

Excellent. Need value addition industry for our agriculture products. Potato chips, roasted dry fruits and grains/beans, juices and jams, pulp etc!! All this have excellent potential to be exported and TDAP must work to facilitate farmers and educate them about this. Also in same time the more foreign investment we can get into this the better.