PepsiCo India announced a USD23.9 million investment plan to expand its greenfield food manufacturing plant in Kosi Kalan, Mathura, Uttar Pradesh, which produces Lays potato chips. The firm’s total investment in UP is expected to be USD131.7.
PepsiCo India will increase the capacity of the food plant as part of the expansion by establishing a new manufacturing line to produce the nacho chip brand Doritos.
“The progressive ecosystem and industrial climate in Uttar Pradesh has yielded some fantastic opportunities for PepsiCo India. Thanks to the industry-friendly policies and ease of doing business in the state, we achieved a major milestone of setting up our greenfield foods plant in Kosi in less than two years,” Ahmed ElSheikh, president, of PepsiCo India, said.
He added that the state-of-the-art facility is fueling the economic ecosystem and creating job opportunities in UP.
“Given the tremendous response, we are happy to further raise our investment by Rs 186 crore in the state. This latest investment is yet another testament of our ‘Unnati Ki Sajhedhari’ with the state of Uttar Pradesh and is also in line with the Indian Government’s vision of Atmanirbhar Bharath,” ElSheikh added, cited by Business Standard.
PepsiCo India’s foods manufacturing plant in Kosi Kalan, Mathura, scheduled to open in September 2021, intends to source approximately 150,000 tons of potatoes per year for its iconic potato chips brand, Lay’s. A strong backward integration program involving over 5,000 local potato farmers is also in the works. Furthermore, the Kosi plant has provided a source of income for its supply chain partners, wholesalers, retailers, and so on.
The plant intends to create over 1,500 direct and indirect job opportunities and to hire at least 30% women.
