PepsiCo to invest ₹778 crore to set up foods plant in Assam.

PepsiCo India recently said it will invest ₹778 crore to set up a greenfield foods manufacturing facility in Assam. This will be the company’s fifth snacks manufacturing facility in the country.

Spread over 44.2 acres, the plant is proposed to be operational in 2025 and aims to provide direct and indirect employment opportunities to 500 people.

A bhumi pujan ceremony was organised by the snacks and beverage major which was attended by Himanta Biswa Sarma, Chief Minister of Assam, and key dignitaries from the State government. Eugene Willemsen, Chief Executive Officer – Africa, Middle East and South Asia, PepsiCo, and senior officials from the company were also present.

Willemsen said, “India stands as a robust cornerstone among the world’s leading economies, underscored by its impressive growth trajectory. India is amongst the fastest growing markets for PepsiCo in the AMESA region, and we are committed to invest in the nation to build capacity. This decade is a decade of India and at PepsiCo, we are focused on building capabilities, availability and expanding penetration across the nation.” 

HBL