With Pepsico raising its investment — from Rs 500 crore to Rs 814 crore — in the potato chips plant to be set up in the Kosi area of Mathura, Uttar Pradesh’s food- processing industry will get a significant push. The plant, once it becomes operational, will provided jobs to about 1,500 people, directly and indirectly.
Once the potato chips plant begins commercial production by the middle of 2021, the local agriculturists will also benefit as the potatoes will be sourced locally.
The 35-acre plot of land for this green field project has been provided by the UP State Industrial Development Authority (UPSIDA).
The industry-friendly policies and transparent investment system by the Uttar Pradesh government have
The Company has been associated with the State for some time now, as it has set up its carbonated soft drinks and non-carbonated beverages in units across Greater Noida, Kosi, Sathria-Jaunpur, Kanpur Dehat and Hardoi, in Uttar Pradesh.
Uttar Pradesh claims to have received investment proposals worth Rs 7,000 crore from countries, such as the US, Japan, Canada, Germany and UK.
The State has apparently attracted investments in the areas of defence, aerospace, warehousing, data centres, electric vehicles and pharmaceuticals. Of the over four lakh crore investments that were pledged in the UP Investors Summit two years back, projects worth Rs 2 lakh crore are already underway. The new industrial zone in Meerut will also go a long way in generating employment in the State.