UP clears land hurdle for PepsiCo's plant in Mathura
13 January 2020
The Uttar Pradesh government has cleared the land possession hurdle for global food and beverage major PepsiCo’s greenfield plant in Mathura district.
The company will invest more than Rs. 500 crore in the proposed plant at Kosi, Mathura through the foreign direct investment (FDI) route and create nearly 1,500 direct and indirect jobs.
Earlier, the UP State Industrial Development Corporation (UPSIDC) had allotted 36 acres of land to the company. However, the local farmers had been agitating owing to their long-pending demands and resisting the physical handover of nearly 27 acres, thus delaying the starting of the project.
In a recent meeting to review industrial projects, for which the Yogi Adityanath government had signed a memorandum of understanding (MoU) with private companies, UP infrastructure and industrial development commissioner (IIDC) Alok Tandon had directed the Mathura administration and UPSIDC officials to resolve the land acquisition hurdle pertaining to the PepsiCo project.
“The issue has been resolved and the company has started the civil work,” Tandon said. He said it was after a gap of 13 years that PepsiCo was setting up a food processing plant in India after its Punjab unit, which was set up in 2006.