PepsiCo to invest over Rs 1,000 crore in Gorakhpur greenfield project

GIDA will allot 45 acres to the company for the plant, which will generate about 1,500 jobs

Indicating an early traction gained by the under-construction 91-km Gorakhpur Link Expressway, a leading Pepsico beverage bottler is investing more than Rs 1,000 crore in a greenfield plant in Gorakhpur — which was represented by chief minister Yogi Adityanath in the Lok Sabha multiple times.

Varun Beverages — the second-largest bottling company of Pepsico in the world outside the United States — will invest Rs 1,071 crore in the project, the land for which will be provided by the Gorakhpur Industrial Development Authority (GIDA).

GIDA CEO Pavan Agarwal said Varun Beverages has sought 60 acres in the vicinity of the