Nestle plans to invest Rs 5,000 crore in India by 2025: CEO Mark Schneider
Global food & beverage conglomerate Nestle SA plans to invest Rs 5,000 crore in India in the next three-and-a-half years by 2025, its CEO Mark Schneider said on Friday.
The move will help the company to accelerate its core business in the country and leverage new opportunities for growth.
The investment would be on 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.
The investment, which would be subject to clearances and approvals, will also help in creating more job opportunities in the domestic market.
Sharing the investment plans of the Indian market, which is among Nestle's top ten markets, Schneider in a media round table said the Swiss food & beverage company has an investment plan of Rs 5,000 crore through 2025.
"When you look into the investment in this country and the investment ..