India: PepsiCo to set up crisp manufacturing plant in Assam

PepsiCo, the global snacks and drinks giant, has announced plans to invest 778 crore INR ($105 million) to set up a manufacturing plant for the Lay’s crisp brand in Nalbari, in India’s Assam state.

The project, which will span an area of approximately 44.2 acres, is set to become operational in 2025, with expectations of generating more than 500 direct and indirect job opportunities, the company said in a statement.

Commenting on the move, PepsiCo India president Ahmed ElSheikh said: “In alignment with the government of India’s Self-Reliant India vision (Atmanirbhar vision), our investment in the greenfield facility in Assam stands as a significant milestone in our pursuit of this goal. Through the creation of employment opportunities and by empowering the farming community, our aim is to support the government’s drive for self-sufficiency in potato production”.

The company added it would support local farmers with the aim of procuring 50,000 tonnes of locally grown potatoes for Lay’s while boosting cold storage demand by 60,000 tonnes.

Source: Economic Times / PTI News