Thursday, February 29, 2024

PepsiCo opens its first plant in Afghanistan in 2014

Immigration News

PepsiCo in AfghanistanOne of the largest global and multinational American food and beverage corporation  PepsiCo plans to open its first plant in Afghanistan in 2014.

The investment by PepsiCo comes amid concerns regarding the economy of the country beyond 2014 after NATO troops leave the country after 13 years of war, which will leave hundreds of Afghans working for foreign troops unemployed.

However there are still optimisms regarding the investment by multinational companies specifically in mining sector which will boost the economy of Afghanistan and will contribute towards the self-sufficiency of the country.

Hamed Kakar, head of the marketing for Dubai-based Alokozay group of companies, which will partner with PepsiCo for the investment of the plant told Reuters News agency in interview, “It will go on stream in 2014.”

Alokozay group of companies will invest around $60 million to build the plant which will provide around 3,000 direct and indirect jobs.

The investment will also prevent import of Pepsi products from neighboring Pakistan.

According to reports Pepsi plant will be built in Kabul industrial zone near Coca-Cola plant which returned to Afghanistan in 2006 after almost a decade break.

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