Ranchi, December 18: Chief Minister Hemant Soren was present during the inking of MoU between the state industries department and PepsiCo’s bottling company Varun Beverages Limited on Monday at the Chief Minister’s Residential Office, Ranchi.
Hemant Soren said that their government has made a better industrial policy in the state. The effort of the state government is to establish more and more industries in different areas of the state.
“Under the new industrial policy, many good and reliable industrial institutions have continuously expressed their desire to invest in Jharkhand. Under the new industrial policy, investors are now being motivated to set up industries in the state. In the last few months, many well-known industry organizations have expanded their companies in Jamshedpur and other places,” said Soren.
The Chief Minister said that a rule has been made by the state government to ensure that 75 percent of the jobs in the industrial institutions established in the state go to the local people. The Chief Minister said that along with a better environment, security is also being provided to the investors in the state.
Chairman of Varun Beverages Limited, Ravikant Jaipuria informed the Chief Minister that Varun Beverages Limited is an Indian company, which is known as the bottling company of PepsiCo. This company produces and bottles various beverages.
He said that Varun Beverages Limited is going to invest Rs 456 crore in Patratu in Ramgarh district. The company will produce carbonated soft drinks like Pepsi, Seven Up, Mountain Dew, Mirinda, Tropicana Fruit Juice, Aquafina Water etc.
Along with this, milk based drinks, value added dairy products and bottles for drinks will be produced.
Besides, the company will generate 4 MW solar power energy and supply power for electric lighting in the surrounding area. He informed the Chief Minister that Varun Beverages Limited will provide employment to 600 people in the initial phase.