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PepsiCo India to set up manufacturing plant in Uttar Pradesh

Monday, 29 Jul 2019
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PepsiCo India is planning to make an investment of Rs 514 crore over the next three years to set up a greenfield snacks manufacturing plant in Uttar Pradesh.

The new investment plan is in line with PepsiCo's goal to double its snacks business in the country by 2022. It is also expected to help create over 1,500 jobs, both direct and indirect.

A memorandum of understanding (MoU) for the project was signed between the company and the Uttar Pradesh government at the groundbreaking ceremony of the Investor Summit in the state. The company will expand its backward integration with local farmers.

To enable the supply chain, the company will set up a cold storage facility and this will also give an impetus to the development of ancillary and other support industries in the state.

 
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