Nestle India Ltd.
BSE: 500790 | NSE: NESTLEIND
Large Cap | Consumer Food
1294.20
6.80 (0.53%) Nestle to invest Rs 700 crore to open new plant in Sanand for Maggi
Date: 03-08-2019Nestle India is eyeing to increase its production capacity by investing around Rs 700 crore in two years to set up a new factory in Sanand in the state of Gujarat to manufacture its range of popular instant noodles Maggi.
The company would soon commence construction of its ninth plant, which would generate employment to around 400 people. This plant would be a significant step in enhancing Nestle's manufacturing footprint in India.
Nestle India is a subsidiary of Nestle S.A. of Switzerland, a vibrant company that provides consumers in India with products of global standards.