"On top of that, if we see opportunities for merger and acquisition, we will be happy to explore those," he said.
The investment will be on capex (capital expenditure), setting up plants, and expanding the product portfolio of the company.
Nestle operates nine plants in India and is looking at new locations to set up more manufacturing units.
The investment, subject to clearances and approvals, will help in creating jobs.
Sharing the investment plans of the Indian market, which is among Nestle's top 10, Schneider, in a media round table, said: "The plan compares with the 8,000 crore over the past 60 years after we started manufacturing in this country," he said.
This story is from the September 24, 2022 edition of Business Standard.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the September 24, 2022 edition of Business Standard.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber? Sign In
Spices under scanner: Govt panel gives report
The govt is launching an initiative to ensure India's exports meet importing countries' tolerance limits
AstraZeneca vaccine: The controversy continues
The controversial AstraZeneca Covid-19 vaccine, which was banned by several countries across the globe after multiple cases of blood clots were reported in patients who were administered the jab, is back in the spotlight.
BRIDGING THE GAP
Why the surge of hybrid cars is being seen as an essential transition phase to electric
M&M, TaMo, Maruti: Auto stocks to stay in fast lane
The uptrend in auto sector to continue in the near term, believe analysts
Parcel fraud: Suspect a scam call? Disengage immediately
Verify the call's authenticity; resist pressure to pay up or share sensitive information
High growth and margin expectations to drive Trent
THE COMPASS DEVANGSHU DATTA Zudio could lead to further upgrades.
FOPs ready to roll out bit-sized Reits
Many real estate ownership platforms to file with markets regulator under recently notified norms
Why are RBI, other banks on a gold-buying spree?
The Reserve Bank of India (RBI), like most other global central banks, is on a gold buying spree.
Mkts slide after fresh record highs
The National Stock Exchange (NSE) benchmark Nifty rose for the second day underpinned by gains in index heavyweights to hit fresh record highs on an intraday basis but came off from the day's highs to end the trading session with losses.
ChrysCapital closes its $700 mn continuation fund
ChrysCapital on Tuesday closed its $700 million continuation fund, which will allow the private equity firm to hang onto its stake in the National Stock Exchange (NSE), which it first bought in 2016.
