Food processing industry in UP is all set to have new upliftments on the go as PepsiCo announced 800+ crores potato chips plant at Mathura under its green field project scheme.
Unit will be established at kosi region of the state on the 35 acre plot purveyed by UP state industrial development authority (UPSIDA) and it will set open and functional by mid of 2021.
Raw material sourcing to feed the unit will be done from the local markets and farmers and will assure direct or indirect employment of over 1500 people, once it takes its shape.
Satish Mahana, UP’s Industrial Development Minister, said that the project was a reflection of Chief Minister Yogi Adityanath’s pro-industry policies.
“Such policies under which the government has implemented business reforms under ease of doing business has made UP a highly attractive state for investments. The result is that many companies like PepsiCo have shown faith in the UP government and are optimistic about investing in the state,” he said.
In a statement, Ahmed El Sheikh, Chairman of PepsiCo India said that initially, an investment of Rs 500 crore in this project had been planned for which the company has signed an MoU with UP government during the 2018 Investors’ Summit. However, it had been revised to Rs 814 crore.
Infrastructure and Industrial Developmental Commissioner Alok Tandon said that project started with the arrangement of land at the ground breaking ceremony held in July 2019.
“The government has started an extensive exercise of MoU tracking, land allocation and labour related reforms because of which a transparent investment system is being established in UP,” he stated.
Previously since 1990, PepsiCo is producing carbonated and non carbonated beverages in UP through different franchise.
Marking the first time, PepsiCo investing directly in the state as GreenField project, will be having its functional units at Noida, Kosi, Sathria-Jaunpur, Kanpur Dehat and Hardoi.