By RJ Whitehead,21-May-2013
Nestlé India has quashed rumours that it will withdraw from its first dairy unit in the country by committing to a Rs250 crore (US$45m) expansion to the Moga plant in Punjab.
Meeting with the state’s chief minister, Parkash Singh Badal, the chief of Nestlé’s local subsidiary, Antonio Helio Waszyk, said the company had already invested nearly Rs250 crore in the plant, while the same amount again would be set aside for the expansion and modernisation of the plant over the next two years.
Since its arrival in India, the company says it has invested Rs 9500 crore (US$1.7bn) in the country.
Opposition’s work
Badal said he suspected the rumours about Nestlé’s withdrawal from Moga, which employs a total workforce of 25,000, had come from an opposition party. Waszyk has referred to the plant as the “jewel in the crown” of Nestlé’s investments across the globe.
Waszyk said the company had launched its first Indian unit in Moga and termed it as “Jewel in the Crown” of their investments across the globe. With a 90% local workforce, the Punjabi factory procures milk worth up to Rs700 crore (US$127m) each year from over 100,000 dairy farmers across the state.
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