PepsiCo India today said it plans to build a new beverage manufacturing plant in Andhra Pradesh, which will entail and investment of over Rs 1,200 crore.
The plant, upon completion, will be PepsiCo’s largest beverage plant in India.
“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," the beverage and snacks major said in a statement.
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The company also announced plans to substantially increase sourcing of mango pulp from Andhra Pradesh in the next six years.
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.
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Welcoming PepsiCo's investment in the state, Andhra Pradesh Chief Minister N Kiran Kumar Reddy said: "The proposed plant will be completed in three phases and once fully operational, the plant will provide direct and indirect employment to over 8,000 people".
PepsiCo Indian already has a beverage manufacturing plant at Sangareddy in Andhra Pradesh.
With seven production lines, the plant manufactures and supplies PepsiCo products to the entire Andhra Pradesh region and parts of Karnataka.