Nestle has invested CHF121m (US$124.4m) in its facility in Goa, India in a bid to boost production capacity.
The facility, which produces Kit Kat and Munch branded products, is expected to create around 250 jobs and increase the company's production capacity in one of the fastest growing emerging markets worldwide.
The investment is one of a number by Nestle in the emerging market in recent years. These have included a new manufacturing site in Nanjangud in Karnataka producing Maggi sauces, noodles, bouillons and seasoning, and a new factory in Tahliwal, Himachal Pradesh, which manufactures Maggi noodles as well as chocolate and confectionery products.
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Nestlé invests in India to boost production capacity and create jobs from Nestle New & Features FACTORY EXTENSION: Producing brand favorites such as Kit Kat and Munch and creating more than 250 jobs. 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.
"Deep roots"
"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.
"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."Jean-Marc Duvoisin, Global Head of Human Resources at Nestlé. Investing in India
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.
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.
Nestlé in India
Nestlé India's first manufacturing facility was set up in 1961 in Moga, Punjab, to help develop milk production in the region.
The company has since developed the area around the Moga factory, setting up milk collection points and training farmers to improve productivity and quality.
Nestlé in India offers consumers brands such as Maggi, Nescafé, Nestlé Actiplus Dahi, Milkmaid and Nestea.
Related information: Nestlé India website
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Original source: Nestle
