India: PepsiCo to invest 5,700 crore INR in capacity expansion

PepsiCo, the US food and soft drinks giant, has committed to investing 5,700 crore INR ($683 million) in India by 2030 to expand its manufacturing capacity.

According to a report in Business World, the capital injection will be deployed over the next five years to meet growing consumer demand. The investment plan is aimed at scaling up the company’s supply chain infrastructure, boosting production capabilities, and strengthening its footprint in the Indian food and beverage industry.

The company intends to focus the fresh funding on building new manufacturing facilities and modernizing existing operations. Specifically, the expansion strategy involves establishing a new concentrates plant in Madhya Pradesh and snacks manufacturing units in Assam and Tamil Nadu.

Source: Business World / Financial Express / Times of India