The government approved a plan by PepsiCo Inc, the world’s second biggest beverage maker, to increase its investments in the country by almost a third over the next three years.

PepsiCo will invest an additional $200 million in its local unit, the government said today in a statement, taking its total investments to $655 million.

PepsiCo is seeking to boost business outside the US where soda sales are declining and costs for potatoes, corn and other

Tags | India, news.Non-Alcoholic, pepsico