Investment in UP | PepsiCo plants to be set up in Gorakhpur, Chitrakoot, Amethi and Prayagraj
Lucknow: Giving impetus to industrial development in the Purvanchal and Bundelkhand regions of Uttar Pradesh, the Government of Uttar Pradesh, through its investment promotion agency ‘Invest UP’, along with Amethi, Prayagraj and Chitrakoot as well as Gorakhpur It has been successful in attracting investment in beverage industrial plants in the U.S.
Varun Beverages Limited, a pan-India franchise of PepsiCo, has been roped in through fast-track mode to set up its units under the mega project category for production of carbonated soft drinks, fruit pulp or juice based beverages along with Amethi, Prayagraj and Chitrakoot. The land has also been allotted from Gorakhpur. The company proposes to invest Rs 3,740 crore in all the four plants together, which is expected to generate employment opportunities for about 5,650 people.
45 acres of land allotted in Gorakhpur
Chief Executive Officer, Invest UP, Abhishek Prakash said that under the leadership of Chief Minister Yogi Adityanath and under the guidance of Industrial Development Minister, Nand Gopal Gupta ‘Nandi’, the policy of fast-track land allocation and promotion of mega projects in the state has hitherto been sparse industrial. It is proving to be an important aid in attracting investments in the areas of growth. Giving details of upcoming projects, Additional Chief Executive Officer, Prathamesh Kumar informed that Varun Beverages Limited has been allotted 45 acres of land today through fast track mode in Narkhta village of Gorakhpur Industrial Development Authority area. The company has proposed to set up the plant at Gorakhpur plant with a proposed investment of Rs 1071.28 crore with potential employment opportunities of about 1,500 people.
people will get employment
Apart from this, the investor has also recently been allotted land in Chitrakoot, Amethi and Prayagraj. With the allotment of 68.6 acres of land in Bargarh Industrial Area-Chitrakoot, Varun Beverages Limited proposes to invest Rs 496.57 crore, which is estimated to provide employment opportunities to around 1,000 people. About 24.7 acres of land has been allotted at Saraswati Hi-Tech City, Naini-Prayagraj and the investor has proposed to set up the plant with a proposed investment of Rs 1052.57 crore, which is likely to generate employment opportunities for 1,500 people while 26.1 The acre area has been allotted in Trishundi Industrial Area-Amethi, where the proposed investment is Rs 1119.59 crore and 1,650 jobs are likely to be created. Additional land will be allotted in phases for setting up of plants for the production of the said carbonated soft drinks and fruit beverages.
Model of Ease of Doing Business Framework commendable: Kamlesh Kumar
Appreciating the investor-friendly initiatives of the Government of Uttar Pradesh and the facilitation services provided by ‘Invest UP’, Kamlesh Kumar Jain, Executive Director cum COO, Varun Beverages Ltd., Chief Minister, Industrial Development Minister, Infrastructure and Industrial Development Commissioner, Arvind Kumar, CEO, Invest UP, Abhishek Prakash and the Invest UP team. He said that the Uttar Pradesh government is continuously focusing on industry friendly measures and industrial development in the state. He said that the model of Ease of Doing Business Framework designed by the State Government is commendable.