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PepsiCo to invest Rs 1,266 cr to set up new facility in MP

by Blitz India Media
April 3, 2024
in News
0
PepsiCo
Team Blitz India

NEW DELHI: Beverage major PepsiCo India will invest Rs 1,266 crore to set up a flavour manufacturing facility in Ujjain, Madhya Pradesh, the company said on April 3. Spread over 22 acres, the plant will start operations in the first quarter of 2026.

While the facility will be critical in scaling up PepsiCo’s beverage production in India, it will also create job opportunities and positively impact the local economy, a company release stated.

“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,” said Jagrut Kotecha, CEO, PepsiCo India and South Asia.

This is the company’s second such flavour manufacturing facility after Channo, Punjab.

“We aim to ramp up the production of our beverages to meet the rising demand in the country. This strategic investment not only strengthens our dedication to providing the highest quality beverages to our consumers, but also reinforces our responsibility to drive sustainable practices across our operation,” said George Kovoor, senior vice-president, beverages, PepsiCo India.

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