PEPSICO INDIA INVESTS $24 MILLION TO EXPAND FOODS MANUFACTURING
At a ground-breaking ceremony in Lucknow, Uttar Pradesh on Friday, PepsiCo India said it was ready to invest $24 million (INR1.86 billion) to expand its food manufacturing facilities in the state.
The promise was made in the presence of the prime minister of India, Narendra Modi, and the chief minister of Uttar Pradesh Yogi Adityanath. The new investment is being made to ramp up a food manufacturing facility in Kosi Kalan, Mathura which will create over 1,500 direct and indirect jobs.
PepsiCo said that the move would also enhance links with over 5,000 local potato farmers “thereby adding to the overall socio-economic growth of the state”. The plant makes the Lay’s brand of crisps while a new manufacturing line will produce the nacho chip brand Doritos.
PepsiCo hails ‘progressive ecosystem’ in Uttar Pradesh
PepsiCo India president Ahmed ElSheikh said: “The progressive ecosystem and industrial climate in Uttar Pradesh has yielded some fantastic opportunities. We achieved a major milestone of setting up our greenfield foods plant in Kosi in less than two years. We are happy to further raise our investment, yet another testament of our Unnati Ki Sajhedhari* with the state of Uttar Pradesh.”
Commissioned in September 2021, PepsiCo India’s plant in Kosi Kalan, Mathura plans to source around 150,000 tonnes of potatoes annually for its Lay’s production and is targeting at least 30% women employees, though no timeline was given. Since entering India in 1989, PepsiCo has grown to become one of the largest food and beverage businesses in the country.
* PepsiCo India’s Unnati ki Sajhedaari project in Uttar Pradesh is a community support programme. Within it is a special initiative called Purna launched in Mathura-Vrindavan which aims to develop a circular model of effective waste management. The ultimate aim is to transform Mathura-Vrindavan into one of the cleanest cities in the country.