PepsiCo has announced plans to invest $21.5m in creating plants to produce its purified bottled water brand, Aquafina.

Asia Pulse has reported that US-based PepsiCo plans to set up 12 manufacturing plants and will commission the first batch of six by April this year - each will have a manufacturing capacity in the region of 160 bottles per minute.

Aquafina, PepsiCo's premium water brand, which was launched in India during July last year is estimated to have an 8%-9% market share. Coca-Cola's rival water brand, Kinley also has an estimated 8%-9% share.

The 12 Aquafina plants will be spread across the India with the first phase being set up in Bazpur, Kosi, Kolkata, Roha in Maharashtra and Bangladore.

Currently the Indian bottled water market is worth an estimated $250m with brand leader Bisleri (owned by Ramesh Chauhan) holding a 45%-50% share.