PepsiCo’s second largest bottling co. outside US to set up plant in Naini

Prayagraj: Varun Beverages, the second largest bottling company of PepsiCo in the world outside the US, will set up a Rs 1,000 plant in Saraswati Hi-Tech City in Naini industrial area of Prayagraj.
Making this announcement here on Wednesday, UP minister for industrial development and export promotion Nand Gopal Nandi said that the company will invest Rs 1,000 crore in the plant which will provide direct employment to around 3,000 people.
Saraswati Hi-Tech City is being developed as an industrial model township at Naini in Prayagraj with separate industrial, residential and commercial sectors by the Uttar Pradesh State Industrial Development Authority. It has been envisaged as an industrial model township with non-polluting industrial, residential, commercial, institutional and sports sectors.
“Soon, the allotment letter will be given to Varun Beverages. On receiving the allotment letter, the company will start the work of setting up of the plant after performing the ground breaking ceremony,” the minister further added. In order to accelerate industrial investments in Uttar Pradesh, Chief Minister Yogi Adityanath in the first 100 days of his second term in office had organised ground-breaking ceremony-3 in the presence of Prime Minister Narendra Modi on June 3, in which country’s leading entrepreneurs had participated and foundation stones for an investment of Rs 80,224 crore were laid. In the ground-breaking ceremony itself, an investment of Rs 2,000 crore was committed by Varun Beverages in Uttar Pradesh. Fulfilling this commitment, Varun Beverages applied for setting up a plant in Bargarh area of Mau tehsil in Chitrakoot district with an investment of Rs 496.57 crore. Taking quick action on this, Prayagraj regional office of UPSIDA had allotted 68.73 acres of land to Varun Beverages within 15 days. With the establishment of PepsiCo’s plant in Bargarh, Chitrakoot, more than 1,200 people will get employment, officials shared.
After Chitrakoot, preparations have started for the investment and plot allocation of Varun Beverages in Saraswati Hi-Tech City of Prayagraj.
As per UPSIDA officials, the process of allotment of land to Varun Beverages in Saraswati Hi-tech City will be completed within a week.