Source: News Bharati English01 Mar 2017 16:50:20
Mumbai, March 1: In order to foster skill development and modernize the Industrial Training Institutes ITIs Global beverages giant PepsiCo joined hands with Maharashtra on Tuesday. This will help develop skills of workers in different food processing plants.
During the meeting Chief Minister Devendra Fadnavis and PepsiCo Chairman Indra K Nooyi exchanged a letter which focuses on developing and modernizing ITIs in Maharashtra. PepsiCo and the Maharashtra government signed a letter for mutual collaboration in skill development of workers in food processing plants, besides modernizing Industrial Training Institutes.
The American multinational corporation also proposed to improve the livelihoods and security of the farmers over the long term, the company said in a statement. Nooyi, landed in Mumbai in the afternoon, where she met the local team headed by D Shivakumar, Chairman and CEO, PepsiCo India.
Later, in a meeting with chief minister Devendra Fadnavis, she reiterated her company's commitment to invest further in the state, the statement said. PepsiCo India has already invested Rs 180 crore in a citrus processing facility in Nanded, Maharashtra. "Senior officials from both sides are expected to continue these discussions in subsequent meetings next month," according to the statement.
As the visit got completed in Mumbai, attention will now shift to New Delhi, where Nooyi will spend the rest of the week, reviewing operations and meeting government officials. Pepsico is headquartered in Gurgaon, Haryana. On her list is a crucial meeting with Prime Minister Narendra Modi, with whom she is expected to discuss PepsiCo's investments in the country, her drive to cut sodium and sugar in food and beverages, and the government's remonetization drive. About a fortnight ago, Nooyi had said the demonetization of high-value notes had a significant impact on the company's India business in Q4 (of 2016). Lingering effects of the government's demonetisation drive would be felt in the first quarter of 2017 too, she had observed.