India: PepsiCo to invest INR 186 crore to expand operations

Food and beverage business, PepsiCo India, has announced plans to invest INR 186 crore ($24 million) to expand its manufacturing facility in Kosi Kalan, Mathura, India.

The facility, which already makes Lay’s potato chips, will increase the capacity of the state-of-the-art plant, by adding a new manufacturing line to produce snacks under the Doritos brand.

“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,” said Mr. Ahmed ElSheikh, president of PepsiCo India. “The state-of-the-art facility is fuelling the economic ecosystem and creating job opportunities in UP. Given the tremendous response, we are happy to further raise our investment by INR 186 crore in the state”.

The expansion will create over 1.500 direct and indirect jobs and develop farming partnerships with over 5,000 local potato farmers in Uttar Pradesh.

Source: PepsiCo