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PepsiCo to infuse Rs 3,740 cr to set up four industrial units

Friday, 23 Sep 2022

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Varun Beverages, all India franchisee of PepsiCo, has been allotted land in Gorakhpur, Amethi, Prayagraj and Chitrakoot districts through fast-track mode for setting up their units for producing carbonated soft drinks, fruit pulp or juice-based drinks.

The company has proposed to make an investment of Rs 3,740 crore in all the four plants. The project will create around job opportunities for around 5,650 people.

Varun Beverages has been allotted 45 acre land through fast-track mode in Narkatha village of Gorakhpur. The company proposes to infuse Rs 1071. 28 crore, while it will create jobs for around 1,500 people.

With allotment of 68.6 acre land in Bargarh Industrial Area in Chitrakoot, Varun Beverages has proposed to invest around Rs 496.57 crore. It will create jobs for 1,000 people.

Around 24.7 acre land has been allotted in Saraswati Hi-Tech City, Naini-Prayagraj. The company has proposed to invest Rs 1,052.57 crore with 1,500 employment opportunities.

Apart from this, 26.1 acre area has been allotted in in Trishundi Industrial Area-Amethi, where proposed investment is Rs 1,119.59 crores with 1,650 expected job opportunities.