Govt defers Pepsico's $200 mn investment proposal
The government has deferred a decision on Pepsico India Holding"s proposal to invest $200 million (about Rs 930 crore) in the next three years. - Govt defers decision on Vodafone stake sale by Singh, Ghosh - Govt refers Jet"s proposal to raise $400 mn to CCEA - Intel withdraws suit against govt - Gas is not pvt property of Ambani bros: Govt - Govt plans to earmark Rs 3 lakh cr for edu under 11th Plan - Koda effect: Govt seeks audit of UBI branches The company had sought the approval to invest an additional $200 million over a period of three years that would take its overall investment in India to $655 million from the current $455 million. The proposal for induction of foreign equity (by Pepsico) has been deferred, an official statement said, without specifying reasons for the deferment. Sources, however, said the Department of Revenue had asked the Foreign Investment Promotion Board (FIPB) to defer Pepsico"s proposal as the beverages and snacks major was yet to furnish some information sought by them. Pepsico manufactures and markets carbonated soft drinks and other beverages under the brands such as Seven Up, Nimbooz and Pepsi. It also sells snacks under a separate division Frito-Lay.Payday Loans commented:
In my opinion the business houses and their working are controlled by government and it tells us how it regulates it
27.09.2011
MoneyShop commented:
PepsiCo, which held its high-profile global board meeting here last November, had announced that it would triple its business in the country every five years.
10.10.2011
Payday Loan commented:
Gov. has taken such decision after taking everything in sight.It is completely fair in my eyes.I hope some good planning must be in mind when gov. deferred so .
16.12.2011
Family Offices Asia commented:
I am shocked on such attitude and decision of gov. on such proposal .I think such proposal should be accepted at priority level as it seems profitable .However, it is my personal opinion.
13.01.2012
Australia Taxation commented:
Government has to understand the boundry that how much investment is good for the country where it is crossing the limit.Its nice decision by the government because such giants make the investment only and only for the profit.
24.01.2012
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03.02.2012
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17.02.2012
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18.05.2012