MOSCOW: PepsiCo, which last year struck a deal to buy Wimm-Bill-Dann, one of Russia’s largest dairy and fruit juice company, plans to get into the production of fruit and vegetables in Russia, reports Russia Today.
“Russia has got land and Russia has got water, and Russia can be a great source of fruit for us, so one of our goals is to develop Russian agriculture to be the hub for certain fruits – stone fruits in particular – for the rest of the world”, PepsiCo Chairman and CEO Indra Nooyi said in an interview with television news network Russia Today.
The company chief did not put a figure to possible investment or production volume plans, saying PepsiCo would be able to provide firmer figurers in 2012.
When the company does something, it does it in a big way, Nooyi noted.
The interview can be watched online on the Russia Today website - watch video.
Source: www.rt.com/business
