US food and beverage giant PepsiCo has announced plans to invest up to $665 million (€612.7m) in India by 2030, primarily to expand the manufacturing capacity of its foods business across three facilities. PotatoPro reported on the investment, sourcing from The Economic Times, on 24 May 2026.

The investment will focus on manufacturing facilities in Madhya Pradesh, Assam, and Tamil Nadu, covering concentrates production and snacks manufacturing operations. Part of the programme is expected to become operational within the next few months, including the concentrates plant in Madhya Pradesh and a new northeast manufacturing plant in Assam.

PepsiCo also recently completed land acquisition in Tamil Nadu to support further expansion of its snacks business footprint in southern India.

PepsiCo identified India as one of its top 13 global markets and highlighted continued growth opportunities linked to rising incomes and investment conditions in the country. The company reported strong double-digit growth for the second consecutive year in 2025.

PepsiCo India reported a profit after tax of Rs 905 crore ($106 million/€97.7m) during the 12 months ended December 2025, with total revenue reaching Rs 9,789 crore ($1.14 billion/€1.05 billion). The company said its balance sheet entered 2026 in a strong position with more than Rs 1,600 crore ($187 million/€172.3m) in cash reserves.

Jagrut Kotecha, CEO of PepsiCo India and South Asia, said: "We are committed, and as a result, from 2025 to 2030, we have committed almost Rs 5,700 crore of investments."

Savitha Balachandran, CFO of PepsiCo India and South Asia, said both segments of the business performed really well and strongly during 2025.

Explore the full details of PepsiCo's India manufacturing investment here.