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Pepsi, Monsanto to set up units in Maharashtra

Soft drink maker to put in Rs 500 cr to set up juice factory; Monsanto identifies Buldhana district for a seed plant

Sanjay Jog  |  Mumbai 

Pepsi will set up one more unit in Maharashtra to make mango and pomegranate juices, and also an orange-based citrus juice. The investment is estimated at around Rs 500 crore. The company has not yet selected a project site.

But, sources said the unit was likely to come up in underdeveloped Vidarbha or Marathwada. The company already has a facility in Nanded district. Biotechnology giant Monsanto said it will establish a seed unit in Deulgaon Raja, Buldhana district of Vidarbha region. Both the companies disclosed their investment plans in the presence of Chief Minister Devendra Fadnavis, ...

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First Published: Tue, February 16 2016. 23:28 IST