India continues to remain one of Pepsico’s focus markets, as the US giant announced plans to invest an estimated Rs7.0bn ($150m) by 2012. The company said it would use the money to set up four new food and beverage plants, all of which will be greenfield projects.
While the company did not provide the size of its overall investment, it did not that it takes about $30m to set up a beverage plant (of which it plans to open three) and $50m-$60m to open a food plant. The company said it has not yet identified the sites, “We are in the process of searching and identifying, through a network analysis, as to where the location of these plants would be”.
Namnews - Friday 20th November 2009
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