Nestle boosts capex to scale up capacity
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New Delhi, Oct. 24 -- Nestle India on Friday said it will invest Rs.2,600 crore over the next 3-4 years to expand its manufacturing capacities, including setting up a plant in Gujarat as demand for packaged foods soars.
"We plan to invest Rs.2,600 crore over the next three to four years to augment our existing manufacturing capacities, as well as towards our new under-construction 'state of the art' factory in Sanand, Gujarat," said Suresh Narayanan, chairman and managing director, Nestle India.
The investment amount includes Rs.700 crore the company earmarked last year for setting up a new plant to make Maggi noodles. The maker of Nescafe coffee reported its September quarter earnings on Friday.
The company benefitted from a significa...
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