HomeNewsBusinessPepsiCo India to invest Rs 1,266 crore to set up flavour manufacturing facility in Madhya Pradesh

PepsiCo India to invest Rs 1,266 crore to set up flavour manufacturing facility in Madhya Pradesh

The plant spread over 22 acres, will play a significant role in scaling up PepsiCo's beverage production in India, generating employment and positively impacting the local economy, the company said in a statement.

April 03, 2024 / 01:32 IST
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PepsiCo India to invest Rs 1,266 crore to set up flavour manufacturing facility in Madhya Pradesh
PepsiCo India to invest Rs 1,266 crore to set up flavour manufacturing facility in Madhya Pradesh

PepsiCo India on Tuesday said it will invest Rs 1,266 crore to set up a flavour manufacturing facility at Ujjain in Madhya Pradesh as part of its expansion plans in the country.

The plant spread over 22 acres, will play a significant role in scaling up PepsiCo's beverage production in India, generating employment and positively impacting the local economy, the company said in a statement.

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The construction of the upcoming plant is slated to start in 2024 and is expected to be operational in the first quarter of 2026, it added.

"With support from the government of Madhya Pradesh, we aim to strengthen our footprint while driving impactful progress in enhancing the socio-economic landscape of the region," PepsiCo India & South Asia CEO Jagrut Kotecha said.