Beverage packaging specialist Rexam is planning to build two plants in India, with an investment of around £100m.

Of the two plants, one will be located in Sri City in Chittoor district, Andhra Pradesh and the other in Jaipur, Rajasthan, reports The Hindu BusinessLine.

Each of the proposed plant will see around £50m in investment.

Rexam Africa, Middle East and Asia sector director Craig Jones was quoted by the publication as saying: "These investments will support and enable us to take advantage of the continued exciting growth of the beverage can in India.

"Having plants in different locations across the country will ensure we have a better footprint and position to meet the needs of our customers in the region over the long term."

The Sri City plant will become operational by the second half of 2016, followed by the Jaipur plant.

Both the plants will create 150 local jobs, when completed.

Upon becoming operational, the plants will increase the company’s annual production capacity by 1.6 billion cans.

Earlier in January, Rexam, along with Envases Universales de Mexico (EUM), has acquired Envases Del Istmo (Endelis), a single line beverage can plant in Colón, Panama for an undisclosed amount.

Rexam, which offers beverage cans packaging solutions comprising aluminum and steel cans for carbonated soft drinks, beer, and energy drinks, has secured long term supply agreements with SABMiller and Florida Ice & Farm Company.

The affiliates of SABMiller and Florida Ice & Farm previously owned the Endelis business.

Rexam employs nearly 8,000 people and operates 55 plants in 20 countries.