PepsiCo chairperson Indra Nooyi, CM Naidu to attend plant inaguration

The soft drink giant has invested around Rs 500 crore in the phase one of the facility

Andhra Pradesh chief minister N Chandrababu Naidu and PepsiCo chairperson Indra Nooyi are scheduled to attend the inauguration of Pepsi’s manufacturing plant, which was set up in Sri City industrial park, on Friday.  

PepsiCo has invested around Rs 500 crore in Phase I while it has committed to invest around Rs 1,800 crore in stages, according to Sri City officials. Naidu had met Nooyi in Davos earlier this year and they decided to explore areas of collaboration their forthcoming meeting.

According to the chief minister’s office, Naidu will take part in the ground-breaking ceremony for 11 industrial units and also inaugurate nine industrial units in Sri City during his Friday visit.

Units of Netherlands-based Hunter Douglas (Rs 250 crore investment), US-based West Pharma (Rs 150 crore investment), Chinese electronics company JTT India are among the several companies that are on the list of inauguration.