Having identified India as a rapidly-growing market, US food and beverages giant PepsiCo plans to pump an estimated Rs 700 crore into the country to set up four new plants here by 2012. It is yet to finalise the locations.
“Going forward, over the next three years, we will certainly be putting up new plants,” PepsiCo India Chairman Sanjeev Chadha said.
Chadha, who took charge as the PepsiCo India head three years ago, said there would be three new plants on the beverages side and one on the foods side. But he did not specify the quantum of investment involved. He said, on an average, it costs $30 million (around Rs 135 crore) to set up a beverages plant and $50-60 million (Rs 225-270 crore) to set up a foods plant.
PepsiCo To Set Up 4 Plants
November 19, 2009 by Cris | 0 Comments