PepsiCo has been is forced to mull over its sponsorship deal with the Indian Premier League following the controversies around the cricket tournament.
“We are a highly ethical and principled organisation. So we want to associate with organisations that are principled and ethical. We hope the current problems of IPL are short term and they are addressed. But if they are not we will have to go back and rethink”, Indra Nooyi, Chairperson and CEO of PepsiCo told Business Line.
Reports are rife that the sudden exit of Manu Anand, PespiCo’s Region President for India and South Asia, in June was because the company may not have got the expected returns from IPL.
Pepsi has reportedly paid IPL double of what the previous title sponsor had offered.
“We still think cricket is big in India, it’s a sport which evokes passion and IPL is a great concept,” Nooyi added.
Ashwin becomes No. 1 ranked all-rounder in Test cricket
Don't escape turbulence, face it, say biz leaders
26/11: 'America sacrificed Mumbai'
Why Indra Nooyi is bullish on India
Virat Kohli, new star of Indian cricket!