Key Points
When asked about the possibility of a new factory in India, Suresh Narayanan told PTI: Certainly..
FMCG major Nestle India is planning to open a new factory to meet the growing demand here and is scouting for the ideal location, its Chairman & Managing Director Suresh Narayanan said..
This would be the tenth factory for Nestle India, which last year announced to invest Rs 5,000 crore in the country by 2025 to accelerate its core business and leverage new growth opportunities..
Nestle is looking at numerous places, however, Narayanan said it will be eastern India where it is not having any production units..
When asked about competition with the entry of billionaire Mukesh Ambani-led Reliance in the FMCG segment, especially in the value-added dairy segment as per some reports, Narayanan said, I am a great respecter of competition..
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