Industry news
Pepsi To Invest Rs.700 Cr. In India
Last updated: 24 November 2009
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(RTTNews) - American soft drink giant
Pepsico India chairman
Sanjeev Chadha did not announce the quantum of the investment involved,
but said, on an average, a beverage plant would cost around $30
million, whereas that of food plant around $60 million. The company had
not yet finalized the sites for the plants, he said.He said in New Delhi on Thursday that Pepsico would be investing around $200 million this year.Since
its entry into India 19 years ago, the company invested over $1 billion
in the country, including $600 million being invested.
Presently,
Pepsico has 43 soft drinks plants in India, of which 28 are
company-owned. It has three plants for the snacks business. The new
plants will be in addition to the expansion that will take place at the
existing plants.
by RTT Staff Writer
