Hyderabad, December 21, 2013 : PepsiCo India today announced plans to build a new greenfield beverage manufacturing plant in Sri City, Andhra Pradesh. Upon completion, it will be PepsiCo’s largest beverage plant in India. PepsiCo intends to invest more than Rs 1,200 crores in the project, which is part of the recently announced plans by PepsiCo and its partners to invest Rs. 33,000 crores in India by 2020.
Sri N. Kiran Kumar Reddy, Hon’ble Chief Minister, Andhra Pradesh, was the Chief Guest at an event organized in Hyderabad to make this announcement. Dr. (Smt.) Geetha Reddy, Minister of Major Industries, Government of Andhra Pradesh was the Guest of Honour at the event. Also present were Mr. K Pradeep Chandra, IAS, Principal Secretary and Commissioner for Industrial Promotion, Industries and Commerce Department; Mr. Ravi Sana Reddy- CEO, Sri City and Mr. D Shivakumar, Chairman and CEO, PepsiCo India.
PepsiCo India also announced plans to substantially increase sourcing of mango pulp from Andhra Pradesh in the next 6 years.
Welcoming PepsiCo’s investment in the state, Sri N. Kiran Kumar Reddy, Hon’ble Chief Minister of Andhra Pradesh said,"PepsiCo already has a beverage manufacturing plant at Sangareddy in Andhra Pradesh and I am extremely pleased that they have chosen our state for setting up their largest plant. The proposed plant will be completed in three phases and once fully operational, the plant will provide direct and indirect employment to over 8000 people."
He added,"I am happy that the company has also decided to considerably increase its mango sourcing from Andhra Pradesh for its juice based beverages, which will benefit thousands of farmers from the state."
D Shivakumar, Chairman and CEO, PepsiCo India said,"India is a high priority market for PepsiCo and we see tremendous opportunities to expand our food and beverage business here in the coming years. This state of the art beverage facility is a key part of our growth plans for the Indian market and we are delighted to locate it in Andhra Pradesh, an investor friendly and progressive state with a receptive Government. Sri City is ideally located and offers the perfect opportunity to harness the benefits of superior connectivity, great infrastructure and an ample talent pool, which are the prerequisites for every industry."
"Andhra Pradesh is a large beverage market with robust demand through the year. The Sri City plant will boost our production capacity and support the growing demand for PepsiCo India’s beverage products in AP and peninsular India,"he added.
The plant will manufacture a range of beverages, including fruit juice based drinks, carbonated soft drinks and sports drinks. PepsiCo India will deploy state-of-the-art technologies with emphasis on production efficiencies, environment protection and safety.
The plant will be PepsiCo’s most water efficient beverage plant in India and the company also aims to procure LEED certification for the greenfield facility.
PepsiCo India in Andhra Pradesh
PepsiCo currently has a state-of-the-art beverage manufacturing plant in Sangareddy, Medak district. With seven production lines, the plant manufactures and supplies PepsiCo products to the entire Andhra Pradesh region and parts of Karnataka.
PepsiCo under its ‘Performance with Purpose’ mission has implemented a large community water project in three villages of Cheriyal, Kashipur and Kotlapur around its Sangareddy plant. As part of the project, PepsiCo in partnership with the local panchayats and an NGO have restored three large defunct ponds and repaired inlets and outlets to facilitate water recharge in the aquifer. The project has the potential to recharge 400 million litres of water every year benefitting over 7,500 lives in Sangareddy district.
About PepsiCo India:
PepsiCo entered India in 1989 and has grown to become one of the largest food and beverage businesses in India. PepsiCo India has been consistently investing in the country and has built an expansive beverage and snack food business supported by 38 beverage bottling plants and 3 food plants. PepsiCo India’s diverse portfolio includes iconic brands like Pepsi, Lay’s, Kurkure, Tropicana 100%, Gatorade and Quaker. Within 2 decades, the company has been able to organically grow eight INR 1000 crore plus brands in India, which are household names trusted across the country.
PepsiCo India is driven by its global commitment to sustainable growth, Performance with Purpose, which works on four planks of replenishing water, partnering with farmers, waste to wealth and healthy kids. In 2009, PepsiCo India achieved a significant milestone, by becoming the first business to achieve ‘Positive Water Balance’ in the beverage world, a fact verified by Deloitte Touché Tohmatsu India Pvt. Ltd. The company has been Water Positive since then. For more information, please visit www.pepsicoindia.co.in
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|Neha Singh / Sandhya Deepak
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