Nestle is looking to invest Rs 5,000 cr in India by 2025

NEW DELHI: 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, 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.

Sharing the investment plans of the Indian market, which is among Nestle’s top ten markets, Schneider said the Swiss food & beverage company has an investment plan of Rs 5,000 cr through 2025. “When you look into the investment in this country and the investment plan through 2025, we are talking about Rs 5,000 cr and that compares to Rs 8,000 cr over the last 60 years when we started manufacturing in this country,” he said.

Nestle is present in India for over 110 years but started its manufacturing activity in the early 1960s.

This investment is not only for accelerating and ramping up capex alone but also goes into a whole lot of development works, brand building and meaningful contributions on the ground, he said. Nestle India CMD Suresh Narayanan said “it is definitely a highly accelerated plan that we are looking at. This has three pivots” such as continuing the strong momentum of growths that the company has in last 22 quarters.” The second part is do it sustainably, and the Nestle had took “significant steps” in that direction.

Nestle India’s revenue in 2021 stood at Rs 14,709.41 crore.