-By ArdorComm News Network
September 18, 2021
Multinational PepsiCo has commissioned the launch of a new greenfield foods plant. It will be spread over 29 acres in Kosi Kalan, Mathura, Uttar Pradesh. The decision comes after the company promised to contribute its fair share towards the ‘Atmanirbhar Bharat’ Mission.
The project is expected to be launched on a grand scale with a whopping investment of Rs 814 crore, the biggest investment by PepsiCo in the Indian manufacturing sphere. This opportunity will be a boon for people living in UP. The company said that the plant will create 1,500 direct and indirect job opportunities for the locals. They are also aiming to employ at least 30% of women at the plant.
This will be the Company’s first ‘Make and Move’ factory in India, which will cater to the growing demand for Lay’s chips in the country and the state. PepsiCo has planned to source 1, 50,000 tonnes of potatoes from the state, annually, and will also connect with around 5,000 local farmers in the state for the same.
India is a strategic market and an engine of growth for PepsiCo in Africa, the Middle East, and the South Asia (AMESA) region. “The plant will implement the best of what PepsiCo has to offer globally, in terms of technology, sustainability and diversity, and will contribute to the State’s overall development through employment opportunities and strong agri-linkages,” says Eugene Willemsen, CEO, Africa, Middle East and South Asia, PepsiCo.
The plant was inaugurated by Yogi Adityanath, chief minister of Uttar Pradesh. The ceremony was also addressed by Satish Mahana, infrastructure and industrial development minister, Uttar Pradesh government; Laxmi Narayan Chaudhary, minister – dairy development, animal husbandry, fisheries, Uttar Pradesh government; Navneet Singh Chahal, district magistrate, Mathura; Ahmed ElSheikh, president, PepsiCo India and Willemsen.
Source: The article has been published by HR Katha with a few edits from the ArdorComm News Network team.