PepsiCo India to Establish Rs 1266 Crore Flavor Plant in Ujjain

Tags: Economy/Finance

PepsiCo India announced a significant investment of Rs 1266 crore to set up a flavor manufacturing facility in Ujjain, Madhya Pradesh.

An Overview of the News

• This investment is in line with the vision of Aatmanirbhar Bharat, reflecting PepsiCo India's commitment to domestic manufacturing. It will produce beverage flavors specifically designed for the Indian market.

Existing Facilities and Future Operations:

• This will be PepsiCo India's second flavor manufacturing facility in the country, with the first one being located in Channo, Punjab.

• Construction of the Ujjain plant is scheduled to begin in 2024, with operations expected to begin in the first quarter of 2026.

Collaboration with Madhya Pradesh Government:

• Jagrut Kotecha, Chief Executive Officer, India and South Asia, PepsiCo, expressed his gratitude for the support of the Madhya Pradesh government, emphasizing the company's commitment to enhancing the socio-economic landscape of the region.

About PepsiCo

• PepsiCo, Inc. is a global company headquartered in Harrison, New York.

• It serves the food, snack and beverage industries.

• PepsiCo handles the manufacturing, distribution and marketing of its products.

• The company oversees all aspects of the food and beverage market.

CEO - Ramon Laguarta

CFO - Hugh F. Johnston

CIO - Seth Cohen

COO - Gregg Roden