Nestle starts production at Karnataka plant
March 23rd, 2011 - 8:12 pm ICT by IANSNew Delhi, March 23 (IANS) Global processed food giant Nestle’s Indian subsidiary Wednesday started operations at its new culinary plant in Nanjangud in Karnataka that was built at an investment of Rs.360 crore.
The plant will create close to 630 jobs and manufacturer the company’s iconic brand such as Maggi, a company official said. The plant started its operation in the presence of Karnataka Chief Minister B.S. Yeddyurappa and top Nestle officials.
According to Paul Bulcke, chief executive of Nestle S.A.: “Our business is growing well in India and we are very optimistic about the country’s growth opportunities over the coming years.”
He said that culinary products such as Maggi has a huge consumer following in India and the investment in the manufacturer plant asserts the company’s confidence in continued success of the brand.
“The brand Maggi has very strong equity with consumers. This plant specializes in the manufacture of culinary products and this investment reaffirms our confidence in our brands.”
Currently, Nestle India operates seven factories and employs around 6,000 people.
The company recently reported an increase of 21.9 percent in its net sales for the calendar year 2010, which stood at Rs.6,254.7 crore.
- Demand for nutrition food to grow in India: Nestle - Feb 06, 2012
- Nestle India's full year net profit up 17.45 percent - Feb 14, 2012
- Del Monte unveils food processing plant in India - Nov 02, 2010
- Amway to invest Rs.250 crore in India (Lead) - Apr 13, 2011
- Nestle to invest Rs.228 crore in first Indian R&D centre - Sep 22, 2010
- Nestle India quarterly net profit up 26.7 percent - Apr 21, 2011
- Zimbabwe seeks Karnataka's help for skill training for youth - Sep 13, 2010
- Amway to invest Rs.250 crore in India - Apr 13, 2011
- Westinghouse forays into India, to invest Rs.70 crore - Nov 11, 2011
- Amway to commission its India manufacturing plant in 2014 - Feb 13, 2012
- Surya Roshni's Karnataka facility to begin production this fiscal - Jul 14, 2010
- MTR Foods to go national; double revenue by 2012 - Jun 22, 2010
- India allows 100 percent FDI in single brand retail - Jan 10, 2012
- GSK to decide on rural drink after test marketing results - Oct 06, 2010
- Tractor major to invest Rs.160 crore in expansion - Apr 03, 2012
Tags: calendar year, chief executive, chief minister, confidence, consumers, culinary plant, culinary products, factories, food giant, growth opportunities, India, indian subsidiary, jobs, nanjangud, net sales, New Delhi, presence, processed food, rs 6