Nestle to invest Rs 5K crore in India by 2025: CEO Mark Schneider

The firm currently operates nine plants in India and is eyeing new locations to set up manufacturing capacity

Nestle CEO Mark Schneider

Nestle CEO Mark Schneider

PTISharleen D'Souza New Delhi/Mumbai
Global food and beverages conglomerate Nestle SA is planning to invest Rs 5,000 crore in India over the next three and a half years, Chief Executive Officer Mark Schneider said on Friday.

“On top of that, if we see opportunities for merger and acquisition, we will be happy to explore those,” he said.

The investment will be on capex (capital expenditure), setting up plants, and expanding the product portfolio of the company.

Nestle operates nine plants in India and is looking at new locations to set up more manufacturing units.

The investment, subject to clearances and approvals, will help in creating jobs.

Sharing the investment

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First Published: Sep 23 2022 | 7:33 PM IST

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