 "Nestle CEO Mark Schneider")
Global food and beverages conglomerate Nestle SA is planning to invest Rs 5,000 crore in India over the next three and a half years, Chief Executive Officer Mark Schneider said on Friday.
“On top of that, if we see opportunities for merger and acquisition, we will be happy to explore those,” he said.
The investment will be on capex (capital expenditure), setting up plants, and expanding the product portfolio of the company.
Nestle operates nine plants in India and is looking at new locations to set up more manufacturing units.
The investment, subject to clearances and approvals, will help in creating jobs.
Sharing the investment
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