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Nestle India on Wednesday inaugurated a culinary plant at Nanjangud, Karnataka, set up at an investment of Rs 360 crore. The plant is expected to create 630 jobs.
“Our business is growing well in India and we are very optimistic about the country's growth opportunities over the coming years. The brand Maggi has very strong equity with consumers and is continuously developing the market. This plant specializes in the manufacture of culinary products and this investment reaffirms our confidence in our brands and people. I am proud that commercial production which started today has been achieved in a record of only eight months and 20 days from the foundation laying ceremony,” said Mr Paul Bulcke, Chief Executive Officer, Nestle SA.
Nestle India operates seven factories and employs around 6,000 people. Net sales for 2010 were at Rs 6254.7 crores up by 21.9 per cent over 2009.
The factory was inaugurated in the presence of Mr B. S. Yeddyurappa, Chief Minister of Karnataka.
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