Varun Beverages produces brands that include Pepsi, Mirinda, Mountain Dew, Sting and Seven-Up, among others.
The newly launched state-of-the-art plant features three additional production lines, an addition to the first PET (polyethylene terephthalate) line.
“The additional line with 600 bottles per minute capacity, can line with the 400 cans per minute capacity and husky line to ensure backward integration to reduce foreign currency requirement by reducing import value by conversion of resin to preform in-house using husky plant,” said Mr Ravi Jaipuria, Chairman Varun Beverages.
In June 2018, the beverage company launched its first phase of the project which has so far employed over 3 000 employees which includes 2 000 vendors in two major cities of Harare and Bulawayo.
In addition to the investment, Mr Jaipuria made his intensions known of acquiring arable land in Zambia to President Mnangagwa to diversify into production of key agricultural products of which the President pledged to avail prime land to him.
Mr Jaipuria last year said he was looking at investing in various sectors of the Zimbabwean economy, adding his group was looking at opportunities in dairy, juices and potato farming and manufacture of chips in the long term.
The Indian businessman recently made it into the top 100 of India’s billionaires with a net worth of US$2 billion.
One of Pepsi International’s top three biggest franchise partners, Varun Beverages has 10 bottling plants in India plus an international footprint that includes Sri Lanka, Nepal, Morocco, Mozambique, Zambia and Zimbabwe.