India asks Pepsi to cut sugar- India
IOL Business - Aug 28th 2014, 11:33
New Delhi - India has asked US soft drinks giant PepsiCo to reduce the sugar content of its sodas as the country battles growing levels of obesity and diabetes.
PepsiCo chair Indra Nooyi met food processing industry minister Harsimrat Kaur Badal during a visit to India on Tuesday to discuss its plans for healthier options and investing in India.
“PepsiCo has been requested to further bring down the sugar content of soft drinks so that the health aspects of such products are duly taken care of,” the ministry said in a statement after the meeting.
PepsiCo was not immediately available for comment when contacted by AFP on Wednesday.
Under-nutrition remains rampant in India.
However, soft drinks and fast food consumption has increased among the middle classes as incomes have risen, leading to a rise in obesity and diabetes levels.
The soft drinks giant has been replacing some of the sugar in its fizzy drinks with stevia, a natural sweetener that is widely used in Europe and parts of Asia.
Nevertheless, it has not been able to do so in India because the substance has not been approved for consumption.
The soft drinks giant, which markets 7Up, Mirinda and Mountain Dew as well as Pepsi in India, plans to more than double its production capacity in the country by 2020 along with its bottling partners.
Nooyi has said PepsiCo, the world's second-largest beverage firm, aims to double its investment in Asia's third-largest economy.
Last year, she announced the company would invest $5.5 billion in India by 2020.
India's consumption of soft drinks remains low relative to its Asian neighbours, making the market particularly attractive.
Pepsi entered the country as it opened to foreign companies over two decades ago.
It currently has 38 bottling plants and 3 food plants in India.From © Independent On-line 2013. All rights reserved.
Pioneer Foods confident competition authorities won't reject R24.4bn PepsiCo deal
25/07/2019 - 15:00
Pioneer Foods CEO Tertius Carstens is confident that the company’s R24bn takeover by PepsiCo will be approved by competition authorities, as he believes the acquisition has no negative implications for local industries.
Pioneer Foods deal will be PepsiCo's biggest in Sub-Saharan Africa
22/07/2019 - 09:04
The US food and beverages company says the deal, worth about R24bn, will boost the SA economy.
Sugar importers bitter about consumer prices
19/07/2019 - 10:57
Sugar importers want to know why the industry is subsidised to the extent that consumers are being forced to pay about double the world price.
Food and beverages giant PepsiCo makes offer to acquire Pioneer Foods
19/07/2019 - 10:18
In a vote of confidence about SA’s long-term prospects, New York-based food and beverages giant PepsiCo has made an offer to buy Pioneer Food Group, which makes Sasko breads and Ceres juices, in a deal worth at least R25.4bn.
PepsiCo's decision to sell smaller cans pays off
10/07/2019 - 08:19
Beverage sales rise as new packaging strategy helps company attract more consumers.