PepsiCo India will set up a new beverage plant, poised to be the largest such factory for the company in India, at Sri City industrial park, close to the Andhra Pradesh-Tamil Nadu border.
Coming up on 80 acres, the first phase of the project entails an investment of Rs 450 crore and would be operational by the third or fourth quarter of the next financial year, according to D Shivakumar, chairman and managing director, who took charge 10 days ago.
“PepsiCo intends to invest more than Rs 1,200 crore in the project, which is part of the recently announced plans by PepsiCo Plans Largest India and its partners to invest Rs 33,000 crore in India by
The company also announced plans to substantially increase sourcing of mango pulp from Andhra Pradesh in the next six years. Commenting on the development, PepsiCo India Chairman and CEO D Shivakumar said the new beverage facility is a key part of the company’s growth plans for the Indian market and “we are delighted to locate it in Andhra Pradesh”.
“Sri City is ideally located and offers the perfect opportunity to harness the benefits of superior connectivity, great infrastructure and an ample talent pool, which are the prerequisites for every industry,” he added.
The plant will manufacture a range of beverages, including fruit juice based drinks, carbonated soft drinks and sports drinks.