New Delhi: With the market coming out of recessionary effects, FMCG major Nestle India is looking to add new facilities to meet the growing demand for its products in the long term.
According to industry sources, the company will set up a few new facilities which would enhance its current production capacity by 20-30%.
The company currently has seven manufacturing facilities across the country. It is a major player in the beverages, milk and dairy products, noodles and chocolates apart from some other FMCG products in the country.
The company spokesperson could not be reached for comment, however, a senior official who is in the knowledge of the development said: “The recession affected us for a short period and such ups and downs happen which is now a past. Our current facilities are capable to meet our demand in the short term, but not in the long run.”
Nestle India’s net sales for 2008 fiscal stood at Rs4,324 crore.