The local arm of Swiss consumer goods company Nestle will
invest ₹700 crore initially over the next two years to set up a new
plant for Maggi noodles, nearly four years after the brand was hit by its worst
food crisis in the country. The construction of the plant will commence soon in Gujarat, the
company informed stock exchanges on Friday. This will be Nestle’s ninth factory
in India.
“The state-of-the-art, environmentally sustainable factory for
Maggi noodles will involve an initial investment of nearly ₹700 crore over the next
two years," the company said in the statement.
Read More: https://www.livemint.com/companies/news/nestle-india-to-set-up-new-maggi-plant-with-initial-investment-of-rs-700-crore-1564754794420.html |
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