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PEPSICO TO SET UP 4 NEW PLANTS IN INDIA FOR ESTIMATED US$149 MLN

Posted on: Thu, 19 Nov 2009 22:01:00 EST

Symbols: PEP

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NEW DELHI, Nov 20, 2009 (AsiaPulse via COMTEX) --
PEP | Quote | Chart | News | PowerRating -- Focusing on India as a
rapidly growing market, US soft drinks giant Pepsico would pump
in an estimated Rs 7 billion (US$149.79 million) to set up four
new food and beverages projects by 2012.

Just days after its high-profile global board meeting that
was hosted for the first time in India earlier this month,
Pepsico India Chairman Sanjeev Chadha said "going forward, over
the next three years, certainly we will be putting up new
plants."

Chadha, who took charge as Pepsico India head three years
ago, said there would be three greenfield plants on the
beverages side.

"On the food side, at least there would be one more plant,"
he said, but did not specify the quantum of investment
involved.

He said on an average it costs around US$30 million to set
up a beverages plant and around US$50-60 million a food
plant.

Going by these estimates, Pepsico, whose global operations
are headed by India-born Indra Nooyi, may have to shell out
around US$150 million to set up these plants. The sites for the
plants are yet to be finalised.

"We are in the process of searching and identifying, through
a network analysis, as to where the location of these plants
would be," he added.

Since its entry in India 19 years ago, the company has
invested over US$1 billion in the country. This includes US$600
million that is being invested.

(PTI)maz

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