Nestlé India is setting out on an ambitious expansion of its production facilities with the inauguration of a new factory in Odisha's Khordha district. The facility, which comes with an initial investment of about ₹9 billion, will deal with the production of products from Nestlé's foods range, further cementing the company's focus on the Indian market.
Key Highlights
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Investment Details: The first phase of the Khordha factory has an investment of around ₹900 crore, and the overall investment is anticipated to be ₹9 billion in the long run.
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Manufacturing Focus: The plant will focus on producing goods from Nestlé's prepared dishes and cooking aids segment, complementing the company's long-term expansion plans.
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Strategic Expansion: This new factory is Nestlé's tenth manufacturing facility in India and its first in the eastern part of the country, fitting into the company's overall strategy to improve its supply chain and respond to increasing consumer demand.
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Market Presence: Nestlé India has a widespread presence in many states, manufacturing a variety of products such as noodles, dairy products, beverages, chocolates, and cereals.
Sources: Business Standard, Food Technology Network, Hitex