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NEW DELHI: Pepsico would pump in an estimated Rs 700 crore to set up four new food and beverages projects by 2012 in India.

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

Mr Chadha 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.

On an average it costs around $30 million to set up a beverages plant and around $50-60 million for a food plant. Going by these estimates, Pepsico may have to shell out around $150 million (Rs 700 crore)to set up these plants. The sites for the plants a re yet to be finalised.

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

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