PepsiCo India has commissioned the first phase of its largest beverage plant in the country, located in Sri City, Andhra Pradesh. The facility will entail an overall investment of Rs 1,200 crore upon completion.
The state-of-the-art plant will be the company’s most water-efficient in the country, according to a press note issued by the company.
The plant was inaugurated by chief minister of Andhra Pradesh N Chandrababu Naidu at a ceremony held at Sri City Industrial Estate, in the presence of Indra Nooyi, chairman and CEO, PepsiCo, Sanjeev Chadha, CEO, PepsiCo Asia, Middle-East and Africa (AMEA) and and D Shivakumar, chairman and CEO, PepsiCo India.
The company will manufacture a range of beverages, including fruit juice-based drinks, carbonated soft drinks, and sports drinks at the Sri City plant. When fully operational this plant will have nine production lines, the first of which commenced operations with the inauguration.
“We are extremely delighted to be the host to PepsiCo’s state-of-the-art manufacturing plant in the country,” said Naidu. “Operationalisation of this plant has begun a fresh chapter in the industrial journey of the state. The fact that this plant will generate employment opportunities for thousands provides a much needed impetus to economic growth and development of the state.”
“For more than 25 years, PepsiCo has been investing in the Indian economy and its people,” said Indra Nooyi, chairman and CEO, PepsiCo. “As we move forward into our next 25 years, that commitment is stronger than ever. This plant is an investment in India’s bright future.”