Varun Beverages Ltd., a pan-India franchise of the largest food and beverage company in India, PepsiCo is setting up 4 industrial units in UP.
These plants will be set up in Gorakhpur, Amethi, Prayagraj, and Chitrakoot. The company has proposed to invest Rs 3,740 crore in total in all four plants.
The Yogi government giving impetus to industrial development in the Purvanchal and Bundelkhand regions of Uttar Pradesh through its investment promotion agency ‘Invest UP’, has been able to attract investments.
It is expected to create nearly about 6,000 direct employment and indirect employment opportunities will be created for another several thousand people.
Chief Executive Officer, Invest UP, Abhishek Prakash said: “Under the leadership of Chief Minister Yogi Adityanath and guidance of industrial development minister Nand Gopal Gupta ‘Nandi’.
“The policy of fast-track land allotment and promotion of mega projects in the state are proving to be significant enablers in attracting investment in the state”, Abhishek Prakash added.
Area-Amethi with estimated jobs 1,650 employment opportunities
The area allotted in Trishundi Industrial Area-Amethi is 26.1-acre. The proposed investment is Rs 1,119.59 crores.
Chitrakoot Plant with estimated jobs of 1,000 employment opportunities
Varun Beverages Ltd has proposed to invest around Rs 496.57 crore with an allotment of 68. 6-acre land in Bargarh Industrial Area in Chitrakoot.
Gorakhpur Plant with around 1,500 expected employment avenues.
Prathamesh Kumar Chief Executive Officer said that Varun Beverages Ltd. has been allotted 45-acre land through fast-track mode in Narkatha village of Gorakhpur. The company proposes to invest Rs 1071. 28 crore here.
Naini-Prayagraj with 1,500 employment opportunities
The allotted area is around 24.7-acre land in Saraswati Hi-Tech City, Naini-Prayagraj. The investor has proposed to invest Rs 1,052.57 crore.
PepsiCo has been allotted land in these districts through a fast-track mode for setting up their units for producing carbonated soft drinks, fruit pulp, or juice-based drinks.
