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Sun 28 Jul 2019 03:02 PM

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PepsiCo plans to build $74m snack factory in India

Investment is part of PepsiCo's ambitions to double snacks business in country by 2022

PepsiCo plans to build $74m snack factory in India
PepsiCo’s goal is to double its snacks business in India by 2022.

PepsiCo aims to invest about 5.1 billion rupees ($74 million) for a new snack factory in India, as it tries to double business in the country by 2022.

The investment is planned over three years in the state of Uttar Pradesh, PepsiCo’s local unit said in an emailed statement Sunday.

The proposal is in line with PepsiCo’s goal to double its snacks business in India by 2022 and is expected to help create more than 1,500 direct and indirect jobs, the company said.

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