PepsiCo to go ahead with India plans

Global beverages major PepsiCo said that there will be no effect of the global slowdown on the company's sales and expansion plans in India.

The company has recently announced a $500 million investment plan for the Indian market over the next three years.

"The global slowdown has mostly affected consumer durables and the financial and banking sectors while there has been no slowdown in FMCG," Pepsico India Holdings Chief Executive Officer Sanjeev Chadha told reporters on the sidelines of the World Economic Forum's India edition.

"We have the bestever sales in volume terms during the month of September and October and we hope to continue with the trend," he said.

He said the company has not increased the price of any of its products during the recent months and will try to maintain the priceline.

"We will try to maintain the prices but I cannot comment on a long term," Chadha said.

The third quarter revenue growth of the company has been normal although sectoral volume growth has been a bit slow, he said.

The company is also planning to launch a special project to address micro nutrient deficiency among consumers by launching its low cost products. "We are identifying the specifics and the project would address adolescents and pregnant woman," he said.