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PepsiCo to invest $5 million in Indian agriculture

Zoom in font  Zoom out font Published: 2018-10-31
Core Tip: Food and beverages company PepsiCo plans to invest $5 million in India by 2020, in order to expand its agricultural programmes in the country.
Food and beverages company PepsiCo plans to invest $5 million in India by 2020, in order to expand its agricultural programmes in the country. The company currently works with 24,000 farmers in India to grow potato, rice, corn and citrus for products such as Lays, Uncle Chipps, Kurkure snacks and Tropicana juice.
 
“The company has plans to double the collaborative farming network in the next five years, including expansion to new geographies,” Christine Daugherty, global vice president of sustainable agriculture at PepsiCo, told ET.
 
PepsiCo is also keen to bring digital technology to the farms, she said. “We are connecting farmers to mobile apps which gives information from pest management to weather information.”
 
Through the sustainable farming programme, PepsiCo provides education on field agronomy, fertilisers, irrigation, plant protection techniques and new technologies, she said. Company officials said that under their guidance, potato farmers have seen yield increase by up to 13%.
 
 
 
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