Indra Nooyi, the Chennai-born president and chief financial officer of PepsiCo, today deftly handled the stick on the government today, while dangling an irresistible carrot.
First the carrot. In an informal chat with the media in the morning, Nooyi mentioned that PepsiCo is willing to invest another $500 million in India. For an FDI-starved country, the significance of the proposed investment can hardly be missed by the government.
Then down came the stick one after the other in rapid succession. She clarified that the investment would come only if she sees a growth in the market and the business climate improves.