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PepsiCo will invest Rs. 3,740 crores in four industrial units in Uttar Pradesh

Through fast-track mode, Varun Beverages Ltd, all India franchisee of PepsiCo, has been allotted land in Gorakhpur, Amethi, Prayagraj, and Chitrakoot by the Uttar Pradesh govt. for setting up its units for producing carbonated soft drinks, fruit pulp, or juice-based drinks.

The company has proposed to invest Rs. 3,740 crores in total in all the four plants, with about 5,650 expected job opportunities.

The Uttar Pradesh government, through its investment promotion agency Invest UP, has been successful in attracting this beverage industrial unit to these districts.

Under the leadership of Chief Minister Yogi Adityanath and the guidance of industrial development minister Nand Gopal Gupta ‘Nandi’, the policy of fast-track land allotment and promotion of mega projects in the state are proving to be significant enablers in attracting investment in the state.

Additional Chief Executive Officer, Prathamesh Kumar, said that Varun Beverages Ltd. has been allotted 45 acres of land through fast-track mode in Narkatha village of Gorakhpur.

The company proposes to invest Rs. 1071.28 crore here, with around 1,500 employment opportunities expected.

With the allotment of 68.6-acre land in Bargarh Industrial Area in Chitrakoot, Varun Beverages Ltd has proposed to invest around Rs. 496.57 crore, with estimated jobs to the tune of 1,000.

Around 24.7-acres of land has been allotted in Saraswati Hi-Tech City, Naini-Prayagraj, and the investor has proposed to invest Rs. 1,052.57 crore with 1,500 employment opportunities, while a 26.1-acre area has been allotted in Trishundi Industrial Area-Amethi, where the proposed investment is Rs. 1,119.59 crore with 1,650 expected jobs.

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