National » Andhra Pradesh

Updated: December 22, 2013 01:39 IST

Kiran invites PepsiCo to invest more

Special Correspondent
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Wants the company to stake most of its Rs.30,000 crore investment in Andhra Pradesh; says power cuts will be a thing of the past

Chief Minister N. Kiran Kumar Reddy wanted the global beverage maker PepsiCo to make most of its proposed Rs. 33,000 crore investment in the State. The State will provide the best facilities and assistance for the multinational company, he said.

“I thank PepsiCo chairperson Indra Nooyi for investing Rs. 1,200 crore in Andhra Pradesh. We would like most of the proposed Rs. 33,000 crore (in India) to be invested in Andhra Pradesh. We are ready to support the company in all possible ways,” he said after taking part in the ground breaking ceremony of the company here on Saturday.

The industry-friendly State has already cleared projects with investment promises to the tune of Rs. 1,30,000 crore, he said.

The power cuts experienced last year will be history and there will be no power cuts going forward according to the Chief Minister. Even if the State has to impose cuts , it would be the least in the country, he said. “The 7,000 MW gas based power plants in the State could not get fuel due to lack of supply from KG D6. Once we get gas, we will have surplus gas which can even be sold to neighbouring States,” he said.

PepsiCo plans

Of the total investments lined up by 2020, the PepsiCo will make Rs. 1,200 crore investment in the first and single largest Greenfield beverage making plant in SriCity SEZ in AP, said Mr. D. Shivakumar, chairman and CEO, PepsiCo India.

At present in Andhra Pradesh need/providing of water to cities and
common man is big problem today and in future too,then why this
politician became curse to state.For one liter drink they waste too much
water and for their business in market,it is not good for health too
.preserve water for our future generations and stop all quid pro quo India and let them live.

from:  kondaiah nayak
Posted on: Dec 24, 2013 at 22:38 IST

Dear Fellow Indians, We can always choose to not drink the poison right?
Time we stop blaming politicians and act responsibly and morally by not
drinking the poison. After all, one has an option to always drink
healthier stuff such as water, fruit juices, etc...

from:  Krishna Chaitanya
Posted on: Dec 22, 2013 at 16:21 IST

Look at our politicians. Instead of banning the poison, they are
promoting it. The nation will be destroyed when the rulers care for
their own personal gain rather than public health. Capitalism, Corrupt
politicians and WTO-India's curse.No hope for our nation.

from:  Veera
Posted on: Dec 22, 2013 at 15:04 IST

instead of helping people like Baba Ramdev for swadeshi products and other indian companies he wants an international company that sells us poison which is also cancer causing to set up more industries in our country. Shame on Congress.

from:  Vivek Patodai
Posted on: Dec 22, 2013 at 12:55 IST
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