PepsiCo India has announced its intent to invest Rs.514 crores approx. over three years, to set up a greenfield snacks manufacturing plant in Uttar Pradesh. The new investment plan is in line with PepsiCo’s goal to double its snacks business in the country by 2022 and is expected to help create over 1500 jobs (direct and indirect). To enable the supply chain, the company will set up a cold storage facility and this would also give an impetus to the development of ancillary and other support industries in the state. At the ground-breaking ceremony of the investor summit in Uttar Pradesh, company's senior leadership signed a Memorandum of Understanding (MoU) with representatives of the Uttar Pradesh Government. The intended snacks manufacturing operation in Uttar Pradesh would also expand the company’s footprint of collaborative farming for potato in the state.