Pepsico to invest Rs 500 Cr in Bengal: Labour Minister

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Kolkata: World renowned company Pepsico is investing in Bengal on a large scale. The company has decided to invest Rs 500 crore to set up a large manufacturing unit at Asansol, Labour Minister Moloy Ghatak said.

As per the instructions of the Chief Minister, Pepsico has been allotted 40 acres of land already at Dharma mouza. Employment opportunities for 2500 people have been created initially, with scope of further employment in the future.

Labour Minister said that at the initiative of West Bengal CM, the government now gives speedy land clearance to investment proposals. He said the departments of land & land reforms and industry are coordinating in ensuring ease of doing business in the State.

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Companies like Pepsico are investing in Bengal because of the new Industry Policy formulated at the initiative of WB CM, the minister opined.