India: Nestle to set up factory in Odisha with $100 million investment

The Indian arm of Swiss consumer goods giant Nestle has announced that it has laid the foundation stone for a new factory in Odisha, with an investment of 900 crore INR ($108 million).

This new facility, Nestle India’s tenth in the country, will focus on producing food items such as ready-to-eat meals and culinary aids.

Commenting on the move, Nestle India chairman and managing director Suresh Narayanan said: “With a steadfast adherence to ‘Make in India’, we had announced our tenth factory in Odisha, reaffirming the significance of India as a market. […] We are confident that this upcoming factory will not only help us with our business but will also stand tall as a vibrant example of gender diversity, sustainable manufacturing, paperless, digitally managed facility with an abiding focus on the environment”.

Source: Nuffoods Spectrum Asia