Hyderabad: PepsiCo India has announced plans to build a
new greenfield beverage manufacturing plant in Sri City, Andhra Pradesh. Upon
completion, it will be PepsiCo’s largest beverage plant in India.
PepsiCo intends to invest more than Rs 1,200 crores in the
project, which is part of the recently announced plans by PepsiCo and its
partners to invest Rs. 33,000 crores in India by 2020.
PepsiCo India also announced plans to substantially
increase sourcing of mango pulp from Andhra Pradesh in the next 6 years.
Welcoming PepsiCo’s investment in the state, Chief
Minister of Andhra Pradesh N Kiran Kumar Reddy said, “PepsiCo already has a
beverage manufacturing plant at Sangareddy in Andhra Pradesh and I am extremely
pleased that they have chosen our state for setting up their largest plant. The
proposed plant will be completed in three phases and once fully operational,
the plant will provide direct and indirect employment to over 8000 people.”
He added, “I am happy that the company has also decided
to considerably increase its mango sourcing from Andhra Pradesh for its juice
based beverages, which will benefit thousands of farmers from the state.”
D Shivakumar, Chairman and CEO, PepsiCo India said,
“India is a high priority market for PepsiCo and we see tremendous
opportunities to expand our food and beverage business here in the coming
years.
This state of the art beverage facility is a key part of
our growth plans for the Indian market and we are delighted to locate it in
Andhra Pradesh, an investor friendly and progressive state with a receptive
Government. 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.”
“Andhra Pradesh is a large beverage market with robust
demand through the year. The Sri City plant will boost our production capacity
and support the growing demand for PepsiCo India’s beverage products in AP and
peninsular India,” he added.
The plant will manufacture a range of beverages,
including fruit juice based drinks, carbonated soft drinks and sports drinks.
PepsiCo India will deploy state-of-the-art technologies with emphasis on
production efficiencies, environment protection and safety.
The plant will be PepsiCo’s most water efficient beverage
plant in India and the company also aims to procure LEED certification for the
greenfield facility.
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