PepsiCo Chairman and CEO Indra Nooyi on Friday inaugurated the global food and beverage major’s manufacturing unit at the Sri City economic zone in Chittoor district of Andhra Pradesh.
The phase one of the manufacturing unit, which will be catering to the South Indian market, was built at a cost of Rs 1,200 crore. PepsiCo plans to manufacture its entire range of beverages at the unit by adding sports drinks to the portfolio.
Nooyi said that Pepsi might expand the new facility in the future. “We have been investing in the Indian economy for more than 25 years and the commitment is only getting stronger,” she said, adding that Pepsi will buy mangoes grown in Chittoor district and coconuts from coastal AP.
Sourcing plans
“Local farmers will benefit from our company’s sourcing strategy. We will make this unit as a hub for sourcing mango pulp,” she claimed. About 32,000 mango farmers are expected to be benefited from the company’s sourcing plans.
Meanwhile, AP Chief Minister N Chandrababu Naidu inaugurated 10 industrial units being set up with an investment of nearly Rs 1,000 crore, and participated in the ground-breaking ceremony of Rexam, Vermeiren, Cipy Pagel, KGI Clothing, Ayurvet, Brindco, Power Gas, Concept Poly Pro, Be' Rollex, Beva Silicones and Godawari Udyog units.
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