The unit will be set up in the Kosi area of the district and commercial production will begin by mid-2021.
The plant is being set up on 35 acres of land in Kosi area of Mathura district. The land has been provided by the UP State Industrial Development Authority (UPSIDA).
The company will collect potatoes, its raw materials from local sources, which will help local farmers. Once ready, the plant will provide direct and indirect employment to around 1,500 people.
Uttar Pradesh Industrial Development Minister Satish Mahana said that this project is a byproduct of Chief Minister Yogi Adityanath’s pro-industry policies.
He further said that such policies, under which the government has made commercial reforms for ease of doing business, have made UP a highly attractive state for investment. The result is that many companies like PepsiCo have shown confidence in the UP government and are optimistic about investing in the state.
PepsiCo India president Ahmed Al Sheikh said that, initially an investment of Rs 500 crore was planned in the project, for which the company has signed a memorandum of understanding with the UP government during the 2018 Investors Summit. However, it was revised to Rs 814 crore.
Infrastructure and Industrial Development Commissioner Alok Tandon said that the project started with the Bhoomi Pujan celebrations held in July 2019.
He said, the government has initiated a comprehensive exercise of MOU tracking, land allocation and labor related reforms, as a transparent investment system is being established in UP.
Since 1990, carbonated beverages and non-carbonated beverages have been produced in UP through the PepsiCo franchise.
These units are located in Greater Noida, Kosi, Sathria-Jaunpur, Kanpur Dehat and Hardoi. This is the first time the company is setting up a greenfield project in UP.