The FINANCIAL -- Nestlé is celebrating a century of
deep engagement in a country which over that period has proven its
potential to be one of Asia’s economic superpowers, according to Nestlé.
Nestlé’s first sales agents in India began work in Chennai and Kolkata in 1912.
Today, the company directly employs 6,000 people in India and more than half a million indirectly.
Its products are sold in more than 3.5 million outlets across the country.Nestlé recorded sales of CHF 1.4 billion in India in 2010. Its most popular brands are Maggi, the country’s leader in instant noodles, and Nescafé instant coffee.
Nandu Nandkishore, Nestlé’s Executive Vice President and Zone Director for Asia, Oceania, Africa and the Middle East thinks there is much potential for further growth. Nestlé India has invested USD 500 million to increase its capacities over the last two years.
This includes CHF 70 million in a new manufacturing site in Nanjangud to produce Maggi products.
The construction of Nestlé’s eighth factory in Tahliwal, Himachal Pradesh, is progressing rapidly. Existing factory sites in Moga, Samalkha, Ponda and Bicholim are also being expanded.
Nestlé S.A. is investing CHF 50 million in a new research and development centre in Manesar, Haryana, which will become operational towards the end of 2012.
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