This Article is From Sep 24, 2014

Blend Fruit Juices in Fizzy Drinks: PM Narendra Modi to Cola Majors

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PM Narendra Modi addressing a gathering in Tumkur, Karnataka

Tumkur: Prime Minister Narendra Modi today said multinational cola giants should help augment fruit sales for Indian farmers by adding fresh fruit juices to their fizzy drinks.

"People consume Pepsi, Cola and so on. These companies do business in crores. I have asked these companies if they can put five per cent natural juice in their aerated drinks," PM Modi said in Karnataka.

"If they can, then our farmers will make a lot of money. Our farmers will not have to throw their fruit away," he said after inaugurating a food park with a storage capacity of more than 20,000 tonnes for two dozen food processing companies.

Food Minister Ram Vilas Paswan had said last month that PepsiCo should reduce the sugar content of its beverages, and had asked the company to partner with the government to develop nutritious processed food for school students.

India, the world's second largest producer of fruits and vegetables, throws away fresh produce worth millions of dollars every year because of the lack of adequate cold storage facilities and refrigerated transport.

PM Modi made his pitch to the world's largest soft drink makers a day before a trip to the United States, where he is scheduled to meet top executives from multinational companies, including from PepsiCo. (Also Read: World Leaders, Business Heads, Diaspora And Global Citizens - PM Modi is to Meet All During US Trip)

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India has about 6,500 cold storage facilities and the Prime Minister is seeking foreign investments and technological upgrades to reduce food wastage and expand the food processing network.

The US-beverage companies have earlier stated that they are committed to expanding their presence in Asia's third-largest economy where a growing middle class has more to spend on processed beverages and food.

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PepsiCo, the maker of Pepsi-Cola, Frito-Lay snacks and Tropicana juice last year said it had plans to invest $5.5 billion (around Rs 33,500 crore) in India. Coca-Cola Co in 2012 allocated $5 billion (around Rs 30,000 crore) for investments in Indian market by 2020.

© Thomson Reuters 2014
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