Meanwhile, PepsiCo plans to invest $2.5bn in China over the next three years to capitalise on the country's growing soft drinks market. Investment will be ploughed into new manufacturing facilities, research and development, expanded agricultural development and brand-building. Pepsi currently holds a 7.2% share of China's total soft drinks market, compared with Coca-Cola's 15.7%, according to Consumer Edge Research.
India: The Indian government is reported to be taking tentative steps towards a less restrictive retail sector. The commerce and industry ministry is believed to be about to issue a discussion paper on opening retail to foreign companies, which are currently restricted to wholesale. Global giants such as Walmart have argued for the lifting of restrictions to reduce supply chain inefficiencies.