Nestle India to invest Rs 2,600 crore in scaling capacity
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New Delhi, Oct. 23 -- Packaged foods company Nestle India on Friday said it is set to invest Rs.2,600 crore in India over the next three-to-four years to expand existing manufacturing capacities, apart from setting up a new plant in the state of Gujarat, as demand for packaged foods benefits from strong in-home consumption.
"As a vindication of the confidence and trust in the Nestle journey in India, I am pleased to share that 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," Suresh Narayanan, chairman and managing director, Nestle India said on Friday. The investment includes Rs...
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