PepsiCo announces 814 crore potato chips plant project in UP

Lucknow: The food processing industry in Uttar Pradesh is set to get a major boost with PepsiCo announcing a Rs 814 crore green field project for production of potato chips in Mathura.

The unit will be set up in Kosi area of the district and will start commercial production by the middle of 2021.

The plant is being set up in Kosi, in Mathura district on a 35-acre plot which has been provided by the UP State Industrial Development Authority (UPSIDA).

The company will also be sourcing potatoes, its raw material, from local sources and thereby helping local farmers. Once ready, the plant will be providing direct and indirect employment to about 1,500 people.

In a statement, Ahmed El Sheikh, Chairman of PepsiCo India said that initially, an investment of Rs 500 crore in this project had been planned for which the company has signed an MoU with UP government during the 2018 Investors' Summit. However, it had been revised to Rs 814 crore.

Infrastructure and Industrial Developmental Commissioner Alok Tandon said that project started with the arrangement of land at the ground breaking ceremony held in July 2019.

Since 1990, PepsiCo has been producing carbonated soft drinks and non-carbonated beverages in UP through franchisee.

These units are functioning in Greater Noida, Kosi, Sathria-Jaunpur, Kanpur Dehat and Hardoi. This is the first time that the company is setting up a greenfield project in UP.

(This report is from IANS feed with edits)