(RTTNews) - American soft drink giant Pepsico plans to invest around Rs.700 crore in India to set up four new food and beverages projects by 2012. While three greenfield plants will be set up to manufacture beverages, at least one plant will be for making food products, say media reports.

Pepsico India chairman Sanjeev Chadha did not announce the quantum of the investment involved, but said, on an average, a beverage plant would cost around $30 million, whereas that of food plant around $60 million. The company had not yet finalized the sites for the plants, he said.

He said in New Delhi on Thursday that Pepsico would be investing around $200 million this year.
Since its entry into India 19 years ago, the company invested over $1 billion in the country, including $600 million being invested.

Presently, Pepsico has 43 soft drinks plants in India, of which 28 are company-owned. It has three plants for the snacks business. The new plants will be in addition to the expansion that will take place at the existing plants.

by RTT Staff Writer

For comments and feedback: contact editorial@rttnews.com