PepsiCo India to invest over 1,200 cr on new plant in Andhra

Beverages and snacks major PepsiCo India today said it will invest over Rs 1,200 crore to build a new beverage manufacturing facility in Andhra Pradesh.

The company plans to build a new greenfield beverage manufacturing plant in Sri City, Andhra Pradesh, which upon completion will be PepsiCo's largest beverage plant in India, PepsiCo India said in a statement.

"PepsiCo intends to invest more than Rs 1,200 crore in the project, which is part of the recently announced plans by PepsiCo and its partners to invest Rs 33,000 crore in India by 2020," it added.

The company also announced plans to substantially increase sourcing of mango pulp from Andhra Pradesh in the next six years.