Nestle will increase focus on India, plan to invest Rs 5 thousand crore by 2025
According to the Nestle CEO, the recovery in the Indian economy after the Kovid-19 epidemic is quite impressive and this would not have been possible without the significant progress of vaccination in the country.
Nestle to invest Rs 5000 crore in India by 2025
Nestle is going to increase its focus on India in the coming times, and the company has said that it will invest Rs 5000 crore in India by the year 2025. daily use company nestle Global CEO of Mark Schneider said this. At the same time, he said that there are concerns about inflation across the world and it has affected the demand to some extent, but the Indian market is in a much better position on this front. Talking to reporters here, he said, “India has been less affected by inflation than many other big markets due to the strong base of economic growth we are seeing. On the other hand, in the matter of recovery from Corona, the CEO said that India has performed miraculously on this front.
Strong demand in India
“I think India is in a very advantageous position in that sense, although there are certainly concerns about inflation,” he said. But, there is a strong demand from the rapidly growing middle class and people reaching higher income levels.†Schneider said that due to this the concerns about inflation are under control. The Nestle CEO on Friday announced plans to invest Rs 5,000 crore in India by 2025. He said that the recovery in the Indian economy after the Kovid-19 pandemic is quite impressive and this would not have been possible without the significant progress of vaccination in the country. “I think India has done wonders on this front,” Schneider said.
Supply Challenge in the Food and Beverage Sector
He said the pandemic and the Russo-Ukraine war pose challenges to inflation and global supply chains, especially in the food and beverage sector. He added that global markets are now focusing more on local supply chains, and fortunately 99 percent of what Nestle sells in India is locally manufactured. Suresh Narayanan, Chairman and Managing Director, Nestle India said, “We are expanding into the vitamin, mineral and dietary supplements segment. However, Nestle’s journey in the health segment of the Indian market has just begun and is a huge opportunity.†.
