The FINANCIAL -- A
new Nestlé investment in India will increase the company’s production
capacity in one of the fastest growing emerging markets worldwide.
The factory extension at Nestlé’s existing site in Ponda, Goa – part of the company’s 7 billion Indian Rupee (over CHF 121 million) investment in the state over the past three years – will produce brand favourites such as Kit Kat and Munch.
It will create employment for nearly 250 people.
“We have been in India for 100 years and have factories in eight locations across the country,” said Jean-Marc Duvoisin, Global Head of Human Resources at Nestlé. “India is important for us and we have deep roots here.
“Our decision to invest in a new manufacturing facility in Ponda is a clear indication that we have confidence in the region and its environment,” he added.
Mr Duvoisin was joined by Shri Manohar Parrikar, Chief Minister of Goa, and Antonio Helio Waszyk, Chairman and Managing Director of Nestlé India, at the inauguration event.
“The decision to invest in our chocolate and confectionery business in India will strengthen our competitive advantage and create value for everyone,” said Mr Waszyk.In recent years Nestlé has invested billions of Indian Rupees to increase capacity, set up new factories and modernise and expand existing ones in India.
As Nestlé reported, this includes a new manufacturing site in Nanjangud in Karnataka producing Maggi sauces, noodles, bouillons and seasoning, and a new factory in Tahliwal, Himachal Pradesh, which will manufacture Maggi noodles as well as chocolate and confectionery products.