Global food & beverage conglomerate, Nestle SA plans to invest ₹5,000 crore in India in the next three-and-a-half years ie by 2025. The move will help the company accelerate its core business in the country and leverage new opportunities for growth, said CEO Mark Schneider during his week-long visit to the country.
Investment would be used for-
The investment would be in capex (capital expenditure), setting up new plants, acquisitions and expansion of the product portfolio of the company. Nestle, which currently operates 9 plants across India, is also looking at new locations to set up manufacturing capacity.
This investment goes into a lot of development work, brand building, and meaningful contributions on the ground, not just accelerating and ramping up capex. The investment would be in organic growth such as capex and putting money into facilities such as existing factories or research centres.
It is going to be secular across all categories. It is not going to be in particular categories. The company is looking at new locations for factories as well.
Nestle India presently operates in nine factories employing roughly 6,000 people.
Investment plans –
Sharing the investment plans of the Indian market, Mark Schneider said the Swiss food & beverage company has an investment plan of ₹5,000 crore through 2025.
“When you look into the investment in this country and the investment plan through 2025, we are talking about ₹5,000 crore and that compares to ₹8,000 crore over the last 60 years when we started manufacturing in this country,” said CEO Mark Schneider.
Nestle India-
Nestle India Ltd was incorporated in 1956. The company set up their first production facility in the year 1961 at Moga in Punjab. In the year 1967, they set up their second plant at Choladi in Tamil Nadu as a pilot plant to process the tea grown in the area into soluble tea.
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