PepsiCo India to spend Rs 7.78 bn on Assam plant

PepsiCo India announced that they are establishing a new manufacturing plant in Nalbari, Assam, with an investment of Rs 7.78 billion. They mentioned that the plant, which would cover an area of 44.2 acre, would become operational in 2025 and would generate employment opportunities for 500 individuals. PepsiCo India expressed their intention to procure 50,000 tonnes of potatoes from the state to support the production of their Lay's brand. Furthermore, the company stated that the plant would also offer cold storage capacity of 60,000 tonnes over the coming years. Eugene Willemsen, the Chief Executive Officer (CEO) of PepsiCo's Africa, Middle East, and South Asia (AMESA) region, remarked, India is one of the fastest-growing markets for PepsiCo in the AMESA region. Our inaugural food manufacturing facility in Assam represents our enduring commitment to the nation's economic development by fostering an equitable and sustainable ecosystem. This decade belongs to India, and at PepsiCo, we are dedicated to enhancing our capabilities, availability, and market reach across the entire country. PepsiCo India had set a goal to provide employment opportunities for 500 individuals through this new plant. Additionally, they entered into a three-way agreement with the Assam Skill Development Mission and the Directorate of Employment and Craftsman Training to promote women's empowerment. Also read:  India aims to lead as green fuel refuelling hub for shipping IREDA partners with Union Bank of India, BoB to boost RE growth