PepsiCo's $95M Investment Sets The Table For Expanding In Northeast India
Portfolio Pulse from Benzinga India Staff
PepsiCo's Indian arm is investing approximately $9.33 million to establish its first food-centric manufacturing facility in Assam, Northeast India. The plant, projected to be operational by 2025, will create job opportunities for over 450 individuals. PepsiCo India plans to source 50,000 tonnes of potatoes from the region and stimulate demand for a cold storage capacity of 60,000 tonnes. The company also signed a MoU to boost women’s employment in the region.
September 06, 2023 | 11:46 am
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
PepsiCo's investment in a new manufacturing facility in Northeast India could potentially boost its presence and production capacity in the region, leading to increased revenues in the long term.
The investment in a new manufacturing facility indicates PepsiCo's strategic expansion in the fast-growing Indian market. This could potentially increase its production capacity, leading to increased revenues. The move also demonstrates the company's commitment to corporate responsibility by creating job opportunities and boosting women's employment.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100