PepsiCo India, a subsidiary of New York-based food, snack, and beverage company PepsiCo, Inc., announced that the company plans to construct a food manufacturing plant in Uttar Pradesh.
With a total investment of $70 million, the greenfield plant is expected to increase local sourcing and boost cold storage infrastructure as well as create direct employment.
Additionally, PepsiCo will invest along with its local bottling partners, as it seeks to boost its production capacity in India’s growing packaged foods market.
More so, the company is planning to commit $2.1 billion in India by 2022, which is part of the $5.5 billion the company had announced in November 2013 to invest in the country along with its local bottling partners.