Nestle to Invest in R&D Centre in India
Nestle is investing SFr50m (Eur38m) to establish its first R&D Centre in India. The facility will be built in Manesar, close to Nestle India’s headquarters in Gurgaon, and will be operational in 2012.
The investment will help to further strengthen Nestle’s R&D capabilities in emerging markets. Nestle has a strategic focus and leadership in emerging markets where the company expects sales to reach 45% of the group’s total by 2020.
The new centre will focus on popularly positioned products (PPPs), especially for India but also worldwide. PPPs meet the specific needs of consumers with lower income levels by offering them high-quality, nutritionally enhanced products at affordable prices.
Nestle has had a presence in India since 1912 and today operates seven factories located across the country. Nestle India has benefited from Nestle’s global R&D network, with innovative PPPs such as Maggi noodles, Masala ae magic spice seasoning and Chotu Munch chocolate confectionery.
