With the beverage sector posting blistering sales this summer, bottlers like PepsiCo and Coca-Cola are spending huge money to expand manufacturing facilities in the nation.
Varun Beverages, a major PepsiCo bottler, is to invest approximately 1,200 crore to increase its manufacturing capacity in India by the end of the year. The bottlers of Coca-Cola India are now investing close to $1 billion to increase beverage capacity by 30–40% until March 2023.
At an earnings’ call, Ravi Jaipuria, Chairman, Varun Beverages Ltd, said the company is set to invest about ₹1,200 crore till 2023-end. This will be invested in setting up two large greenfield plants in Madhya Pradesh and Rajasthan, besides enhancing capacity at its newly-constructed Bihar plant. “This will help increase our total capacity by 30 per cent in India,” he added.
