PepsiCo invests big in India

PepsiCo says it will invest $5.5 billion by 2020 as it looks for growth opportunities in emerging markets. The company wants to more than double production capacity in India over the next seven years, and will allocate its investment to new products, agriculture programs, selling infrastructure and manufacturing capacties. The investment could create 100,000 jobs, according to Pepsi. The disclosure follows Coca-Cola's announcement last year that it would invest $3 billion over 8 years in India to spur growth.