PepsiCo’s CEO, Indra Nooyi is currently in Mumbai to meet with officials from the Maharashtra government. In these meetings, Nooyi and the Maharashtra government will work together to help workers in food processing plants develop skill and modernise Industrial Training Institutes (it is).
A Push Towards Digitisation
In a statement released by PepsiCo yesterday, a spokesperson said “We are working to create a consortium with partners and industry players to enhance digitisation of trade. “We have set up a three-pronged approach to support the move to a less-cash economy.”
Reportedly, following demonetisation in November following which many neighbourhood kiranas (grocery stores) saw a severe drop in sales, Nooyi wants to help digitisation in grocery stores.
Visiting Mumbai! Innovative India is starting to use digital where cash once dominated – turning demonetization into remonetization.
— Indra Nooyi (@IndraNooyi) March 1, 2017
Additionally, the company stated it wold be investing in a citrus processing facility in Maharashtra and aid modernising ITIs. The statement said “We are committed to invest further in the state’s progress with increased agricultural sourcing. As part of our continued commitment to Maharashtra, we have invested Rs 180 crore in a citrus processing facility at Nanded.”
Nooyi will meet with Prime Minister Modi this week to discuss Indo-Us relations, demonetisation and PepsiCo’s aim to shift towards lower sugar in their products.