Nestle India on Friday revealed plans to invest a staggering Rs 4,200 crore by 2025. The investment includes the establishment of its 10th plant in Odisha, in addition to augmenting its existing manufacturing facilities.
Chairman and Managing Director of Nestle India, Suresh Narayanan, at a media roundtable emphasised the significance of these investments, citing the already substantial Rs 2,100 crore allocated for capital investments in the first half of 2023.
The new funds will primarily focus on enhancing the company’s manufacturing capacity, with a significant portion dedicated to the food space, followed by chocolate and confectionery, and other nutrition-based sectors.
Nestle India’s ambitious expansion plans also encompass a new factory in Odisha, with an allocation of approximately Rs 900 crore. Initially intended to serve as a noodles manufacturing unit, Narayanan hinted at potential future endeavors to produce chocolates and confectionery products at this facility.
The investments come as a testament to Nestle India’s faith in the country’s potential, with Narayanan revealing that the company has invested around Rs 7,000 crore in India since its inception 60 years ago. He added that the latest investments signify the promising future that lies ahead for Nestle in India.