PepsiCo India to invest Rs.400 cr in Assam
PepsiCo India has proposed to set up a greenfield project manufacturing Lays and Kurkure worth Rs.400 crores in Assam.
Assam’s Industries and Commerce Minister Chandra Mohan Patowary was called upon by a delegation of PepsiCo India led by Viraj Chouhan, Chief of Government Affairs and Communication Officer for India; Rahul Sharma, Public Policy and Government Affairs Officer and Nitin Jindal, Associate Director- Business Planning at Janata Bhawan on Wednesday.
The delegates of PepsiCo have stated that the company would engage in contract farming (buyback policy) whereby it would provide seeds to the farmers and buy back the matured products from them. The company would also provide handholding support to the farmers. PepsiCo India has been working with over 24000 farmers in 13 states of India.
Patowary has assured that the Government would provide full support and co-operation for the successful set up of the plant. He further added that the Industries and Commerce department would take initiative with the State Agriculture department so that PepsiCo can directly work with the farmers.
The officials of the department have been instructed by the Minister to ensure faster clearances so that the project can be completed at its earliest.