PepsiCo, which counts potato chip brand Lays among its many products, says it's hoping to reach an agreement with four farmers in India for growing a type of potato the food conglomerate claims to own the rights to.
The U.S. company's India subsidiary filed lawsuits against the farmers earlier this month, with a court in the Indian state of Gujarat holding a hearing on the matter Friday, according to published reports. PepsiCo, with nearly $65 billion in global food and beverage revenue last year, reportedly sought 10 million rupees, or $143,000, from each farmer, who operate farms of a few acres each.
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PepsiCo, which counts potato chip brand Lays among its many products, says it's hoping to reach an agreement with four farmers in India for growing a type of potato the food conglomerate claims to own the rights to. The U.S. company's India subsidiary filed lawsuits against the farmers earlier this month, with a court in the Indian state of Gujarat holding a hearing on the matter Friday, according to published reports. PepsiCo, with nearly $65 billion in global food and beverage revenue last year, reportedly sought 10 million rupees, or $143,000, from each farmer, who operate farms of a few acres each.