Uttar Pradesh Chief Minister Yogi Adityanath will inaugurate PepsiCo India’s largest foods plant for production of potato chips in Mathura on Wednesday.
Set up with an investment of Rs 814 crore, the Kosi Kalan foods plant in Mathura marks PepsiCo’s largest Greenfield investment in India. It is also the company’s first ‘Make and Move’ factory, which will cater to the growing demand for its potato chips brand.
It is pertinent to note that as a result of the Uttar Pradesh government’s industry-friendly policies and reforms like labour regulation, single window clearance, timely online approvals and enhanced infrastructure including road and power, the food and beverages major PepsiCo India will be operationalising its foods plant in less than two years.
The plant will create over 1,500 direct and indirect job opportunities in the state. With a target of giving job opportunities to at least 30 per cent women among its employees, the plant will also fulfill the government's aim of providing equal opportunities to women in the state. In addition, the Kosi Kalan plant will also give benefits to over 5,000 local farmers in Uttar Pradesh as PepsiCo India intends to source 1,50,000 tons of potatoes, its raw material, annually from the local sources in the state.
Since 1990, PepsiCo has been producing carbonated soft drinks and non-carbonated beverages in UP through franchisees. These units are functioning in Greater Noida, Kosi, Satharia-Jaunpur, Kanpur Dehat and Hardoi. This is the first time that the company has set up a Greenfield project in UP.