Nestle India has received approval from board of directors for increasing general licence fees (royalty) by company to its parent firm -- Societe des Produits Nestle SA ((Licensor), by 0.15% annually for the next five years, thereby enhancing it to 5.25% of net sales, with effect from July 1, 2024. The current license fees is 4.5% per annum. The increase will be as per the terms and conditions of the existing general licence agreements.
Nestle India is a subsidiary of Nestle S.A. of Switzerland, a vibrant company that provides consumers in India with products of global standards.
