83.51 crore has been deposited for PepsiCo bottling plant, the fragrance of establishment

Gorakhpur, 23 September (H.S.). PepsiCo’s bottling plant in Gorakhpur is expected to come up soon. PepsiCo’s bottling company Varun Beverages Ltd. has started to set up the plant. One thousand 71 crores will be invested by the company for this. Gorakhpur Industrial Development Authority (GIDA) has increased its activity. The result of its promptness has […]
 


83.51 crore has been deposited for PepsiCo bottling plant, the fragrance of establishment

Gorakhpur, 23 September (H.S.). PepsiCo’s bottling plant in Gorakhpur is expected to come up soon. PepsiCo’s bottling company Varun Beverages Ltd. has started to set up the plant. One thousand 71 crores will be invested by the company for this.

Gorakhpur Industrial Development Authority (GIDA) has increased its activity. The result of its promptness has been that 43.81 acres (one lakh 77 thousand 310 square meters) have been allotted for this big investment in the last two-three days. Not only this, the company has deposited Rs 83.51 crore in Gida in lieu of this land. GIDA has allotted this land on fast track basis. After receiving the allotment letter, the company has now written a letter to GIDA thanking it for its promptness. One thousand 71 crores will be invested by the company. It will clear the way for more than 1500 people to get employment.

Due to the policies of Chief Minister Yogi Adityanath, big investors are being attracted in GIDA and investment is gaining momentum. Varun Beverages had expressed willingness to invest Rs 1,71 crore in GIDA for PepsiCo’s bottling plant. Along with GIDA, Invest had applied for 60 acres of land in UP. Showing promptness, GIDA allotted about 43.81 acres of land out of this. This land has been allotted by GIDA under Fast Track Plot Allocation Policy in the first phase of plot number A-2 in Sector-27. After getting instructions from Invest UP, a letter was written to the company to deposit money for this land on September 20 itself.

Money deposited on 21st, allotment letter issued on 22nd

The company deposited the land money on September 21. After this GIDA showed readiness and issued the allotment letter on 22nd. Explain that the company’s detail project report, submitted in GIDA, comes under the category of super mega investment. The construction work of the plant is expected to start soon.

PepsiCo’s eighth plant in the state

Varun Beverages Limited is PepsiCo’s second largest bottling company outside the United States. The company has 36 plants. This company has the right to sell and distribute the PepsiCo brand throughout the country. So far seven plants have been set up in Uttar Pradesh. There will be an eighth plant in Gida but the investment here is high. Seven thousand people are getting employment from seven plants. The company covers 70% of India’s market in the dairy and ice cream sector. More land will be given to the company soon.

It will be ready in the company

The plant to be set up in Gida will manufacture carbonated soft drinks, beverage-based syrups, packaged water, juices, milk beverages, dairy products and bottles.

Said CEO

Pawan Aggarwal, CEO, GIDA says that GIDA is always ready for the convenience of investors. The land has been allotted to the company within two-three days. This company is making a big investment, which will provide employment to more than one and a half thousand people. Employment opportunities will be created in the surrounding areas. The installation work of the plant is expected to start soon.

Source