The meeting was a courtesy call, sources said although PepsiCo India officials declined to comment.
Nooyi was in the Capital to meet government officials. She also caught up with Union Minister for Food Processing Industries, Harsimrat Kaur Badal.
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.
In 2013 the company had announced an investment of Rs 33,000 crore in India by 2020 to scale up operations here.
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