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Swiss FMCG major Nestle expects decent single-digitgrowth

Tuesday, August 20, 2019, 9:43 AM

Swiss multinational FMCG major Nestle said it is hopeful of registering decent growth in India, in spite of many industries getting impacted by the lingering economic slowdown. The company said it is poised for progress and expects to post at least a decent-single digit growth, from its current modest double-digit growth as it deals with mostly low-cost and daily consumer products.
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Nestle to invest Rs.700 crore to set up factory in Sanand

Saturday, August 3, 2019, 6:21 PM

Nestle India said it will set up a new plant for Maggi noodles in Gujarat's Sanand with an initial investment of about Rs.700 crore over two years. This will be the company's ninth factory in the country and would create 400 jobs. Nestle added that at least half of the employees at its Sanand plant would be women.
 
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Nestle welcomes India's Supreme Court ruling in Maggi case

Friday, January 4, 2019, 7:45 AM

Food group Nestle said a ruling by Supreme Court marked a partial victory in its row with the government over Maggi noodles. Maggi, Nestle India's single-largest revenue earner, was banned in June 2015 for six months across the country following allegations it contained chemicals beyond prescribed limits. The company had to recall and destroy 38,000 tonnes of Maggi noodles from millions of retail shelves.

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