The agreement will increase soybean oil shipments from China to India while opening the Chinese market to more Indian mustard and soybean meal exports.
The 22 acre site will produce concentrates for PepsiCo’s product portfolio and is part of a larger Rs 5,700 crore (US$598.67M) investment pipeline the company has committed to India through 2030.
India’s soybean imports rose sharply in May as high domestic prices pushed buyers to source non-GM supplies from African countries, creating new opportunities for exporters across the continent.
The landmark regulation, issued under the Food Safety and Standards (Vegan Foods) Amendment Regulations, is legally scheduled to take effect nationwide on July 1, 2027.
The move marks the entry of the iconic Oxford-born bakery brand into one of the world’s fastest-growing premium food and beverage markets, with plans to establish up to 10 outlets during the current fiscal year.