Pepsi Co confirms investment in Thailand

BANGKOK, June 14 (TNA) - PepsiCo, a most established US-based multinational food and beverage corporation, has confirmed to continue its investment plans in Thailand. Indra K Nooyi, Chairperson and Chief Executive Officer (CEO) of PepsiCo Inc, made the confirmation during a meeting with Thai Prime Minister Yingluck Shinawatra at Bangkok's Government House on Friday afternoon. The visiting PepsiCo chairperson and CEO acknowledged that Thailand is a center and a big central market in the Association of Southeast Asian Nations (ASEAN) of PepsiCo, which plans to continue its investment plans in Thailand and supports the income generation of Thai people and farmers. The Thai prime minister welcomed Nooyi and congratulated her for being announced by the Forbes Magazine as the 10th most influential women of the world this year and also expressed her satisfaction with PepsiCo’s confidence and investment in Thailand. The prime minister noted that PepsiCo has been doing businesses in Thailand for 52 years and playing great roles in stimulating the Thai economy, where the government has supported global investors, including, for instance, the reduction in corporate income tax from 30 per cent to 20 per cent currently. The Thai premier also informed Nooyi of her government's 67 billion-baht investment plans on infrastructure development to support local industries, proposing that PepsiCo buy excessive Thai products and develop them into the company's future products for mutual benefits. (TNA)