New Delhi: Food and beverages major PepsiCo, which is setting up a mega food manufacturing plant in Uttar Pradesh, said it is committed to scale up its agri-food business in the country.
It also added that it will bring in foreign direct investment (FDI) to power the $5 trillion economy vision of a ‘New India’.
Ahead of the Uttar Pradesh government’s second ground-breaking ceremony for projects worth Rs 65,000 crore, president and CEO of PepsiCo India, Ahmed ElSheikh said in a statement that the company will bring in foreign direct investment to power Prime Minister Narendra Modi’s vision of maing India a $5 trillion economy.
“PepsiCo in India remains committed to sustainably scaling up its agri-based food business in the country,” said the statement posted on a Twitter handle of the UP government.
“Our relationship with India is 30 years strong and our journey here began from the State of Uttar pradesh. Our bond with the country’s farmers also dates 30 years…Today we work closely with over 24,000 farmers across 13 States, which includes Uttar Pradesh,” ElSheikh said.
The second ground-breaking ceremony now being organised in Lucknow is also a testament to the Prime Minister Narendra Modi’s vision of ease of doing business and PepsiCo India is excited to be part of it, he said.
“We reaffirm our commitment to the ongoing development revolution in UP and believe this partnership will further strengthen the strong bond we share with the State,” ElSheikh added.