World Food India: PepsiCo, ITC, Patanjali, others deliver Rs 68,000-cr MoUs

In investments, PepsiCo led the pack with a commitment worth Rs 13,340 cr, followed by rival Coca-Cola (Rs 11,000 cr)

World Food India, spread across India Gate and Vigyan Bhawan, turning Lutyens’ Delhi into a traffic nightmare, started Friday morning with Prime Minister Narendra Modi inviting investors to tap the “unlimited opportunities’’ in India’s food sector. Soon after, top executives of global food and retail majors from PepsiCo to Coca-Cola and Amazon to Metro, along with domestic biggies such as ITC and Patanjali, lined up to ink investment MoUs, totalling Rs 68,000 crore over multiple years.  

The MoUs, 13 of them, formalised the investments promised earlier by these companies. Others such as Nestle offered to help the government in food