GROWTH OPPORTUNITY: Nestlé meets the growing consumer demand for high-quality nutritious products.
Nestlé S.A. today announced that it will accelerate its investments in India, re-emphasising its confidence in the country’s growth potential.
Over the last three years, Nestlé India spent over CHF 150 million in capital investments in its Indian operations, and will have invested more than CHF 100 million in 2010 alone. Current plans foresee a further acceleration in 2011 and beyond.
Besides the expansion of its existing sites in Moga, Samalkha, Nanjangud, Ponda and Bicholim, Nestlé India will drive the construction of new multi-category production facilities to meet the growing consumer demand for high-quality nutritious products.
In 2009, Nestlé’s business in India experienced an organic growth of 18.6%, with sales of around CHF 1.2 billion. In the first nine months of 2010, it achieved strong organic growth of around 21% with sales of around CHF 1.1 billion. Nestlé India currently operates seven factories and employs around 5,000 people.
Frits van Dijk, Executive, Vice President and Zone Director for Asia, Oceania, Africa and the Middle East, said: “We are very optimistic about India’s growth opportunities over the coming years. India has a large, progressive population and the economic environment is very conducive for growth.
“Therefore, it makes perfect sense for Nestlé to step up its investments in the country to provide Indian consumers with a broad product portfolio, ranging from Popularly Positioned Products for lower-income consumers to premium offerings. India is a major success story in the making and the Nestlé Group intends to fully participate in it.”
The announcement follows the groundbreaking of Nestlé’s CHF 50 million R&D Centre in India in September which will be operational in 2012 and be an integral part of Nestlé’s global network of 29 Research, Technology and Development Centers.
Nestlé's first R&D Center in India