"PepsiCo intends to invest more than Rs 1,200 crore in the project, which is part of the recently announced plans by PepsiCo and its partners to invest Rs 33,000 crore in India by 2020," PepsiCo India said in a statement.
The company plans to build a new greenfield beverage manufacturing plant in Sri City, Andhra Pradesh, which upon completion will be PepsiCo's largest beverage plant in India.
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".
The plant will manufacture a range of beverages, including fruit juice based drinks, carbonated soft drinks and sports drinks, added the media report.
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