PepsiCo Plans Rs 400 Crore Investment in Assam to Aid Farmers

Guwahati, February 27, 2020:

PepsiCo India has planned to invest around Rs 400 crore in Assam to aid farmers of the state and engage in contract farming (buyback policy).

PepsiCo plans to provide seeds to farmers and buy back matured farm produce from them. The company has also expressed interest in providing handholding support to the farmers.

It may be mentioned here that in a meeting held between the PepsiCo officials and Industries and Commerce Minister Chandra Mohan Patowary, the investment plan was briefed.

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Presently, PepsiCo is engaged with 24,000 farmers across thirteen states in India. With the 400 crore investment plan, the farmers of Assam can avail the proposed benefits and training programs to further boost their produce.

It needs mention here that the 400-crore investment is mainly to set up a greenfield project for manufacturing snacks like the brand's Lays Potato Chips and Kurkure corn puffs in Assam.

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Chandra Mohan Patowary, in the meeting, said that the Industries and Commerce Ministry, along with the State Agriculture department, would initiate training programs for the farmers.

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