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, who chaired a meeting with the representatives of the US-India Business Council and the US Chamber of Commerce at the Make in India Week venue on the MMRDA grounds, BKC.