New Delhi:Global beverages and snacks major PepsiCo has announced that it will invest Rs 33,000 crore in India by 2020, one of its single largest investments in the country, to more than double the capacity of the business here.The company, which has so far invested $2 billion in India since its entry in 1989, said the proposed investment will strengthen its capability in various strategic areas, including innovation, manufacturing, infrastructure and agriculture.

“PepsiCo is going to make an investment of Rs 33,000 crore in India between now and 2020, that is $5.5 billion…,” PepsiCo chairman and CEO Indra Nooyi said on Monday. India has been one of the top five markets of PepsiCo and it has eight brands which clock turnover of over Rs 1,000 crore in the market.