Nestle India to set up ninth facility in Himachal Pradesh
Nestle India has chosen Himachal Pradesh for its ninth manufacturing facility in the country. The new facility to manufacture chocolate and noodles may entail an investment of “anywhere between Rs 400 to 500 crore”.
Besides, Nestle also plans to add capacity to its existing units in Punjab, Haryana, Goa and Karnataka; and a new R&D facility in Haryana. Overall, the company has budgeted investment of Rs 1,800 crore in the next two to three years.
Fielding questions from the media at a press conference here to announce the launch of its new Nescafe Sunrise and TV commercials featuring film star couple Surya and Jyotika, company has already invested Rs 360 crore of the proposed investments in a new facility that's coming up at Nanjangud to manufacture instant noodles and another Rs 500 crore on its Goa facility, where it manufactures confectionery.
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