PepsiCo India’s Assam Plant made an announcement confirming the facility’s planned establishment. Right within Nalbari, the development boasts an investment of Rs 7.78 billion ($95 million). Moreover, it covers a total area of 44.2 acres, with the potential to generate 500 employment opportunities.
The Chief Executive Officer (CEO( of PepsiCo highlighted that India is one of the fastest growing markets for the company, Eugene Willemsen further said that the project serves as a reflection of enduring commitment to the nation’s economic development. In a nutshell, it will stand as the company’s very first investment, in the North Eastern region. Its other food and beverage brands include 7UP, Tropicana, Pepsi as well as Slice.
PepsiCo India’s Assam Plant Target Completion
According to a press release, PepsiCo India’s Assam Plant aims to become operational by 2025. Furthermore, its developer revealed that the project will procure 50,000 tonnes of potatoes from the state. The procurement, as explained by Pepsi CO, will support the production of the Lay’s brand. Moreover, it is said that it will assist farmers in the region through the use of seeds and affordable machinery. In total, it is reported that it will potentially improve the livelihood of 5,000 farmers. Additionally, the food and beverage company noted that the plant would feature 60,000 tonnes of cold storage capacity.
Taking it a step further, the company inked a three-way agreement with the Assam Skill Development Mission. Alongside the Directorate of Employment and Craftsman Training, in an effort to specifically promote women’s empowerment. As a whole, the plant targets to intake 100% diverse talent, with at least 75% women representation. Additionally, an official statement noted that it plans to set up a Community Learning Centre. The resource facility’s location will be at the Women’s ITI campus. Over the next two years, the statement said that it will be utilized to upskill women.