PepsiCo to invest $70 mn to build food manufacturing plant in Uttar Pradesh

PepsiCo India, the snacks and beverages major, will invest $70 million for setting up a food manufacturing plant in Uttar Pradesh. The company’s move is aimed at expanding capacity in the country's growing packaged foods market.

American global beverage firm is aiming to invest $2.1 billion in India by 2022. PepsiCo has grown to become one of the largest MNC food and beverage businesses in the country.

PepsiCo, which entered India in 1989, will invest with its local bottling partner Varun Beverages, as it looks to boost manufacturing capacity in the country. The greenfield plant will be creating new jobs and will also be enhancing cold storage infrastructure.

PepsiCo India's diverse portfolio consists of iconic brands such as Pepsi, Lay's, Kurkure, Tropicana 100%, Gatorade and Quaker.