Nestlé India Ltd has announced that soon after finalizing the location for its 7th factory at Pantnagar in Uttaranchal, the Company is ready to roll out the project.
On October 26, 2005, the Chief Minister of Uttaranchal Shri Narayan Datt Tiwari laid the foundation stone for the factory.
The Company will invest over Rs 1000 million in the factory. This is the seventh factory of the Company and like the other factories, this factory will also be of international standards. This factory at Pantnagar will initially manufacture culinary products including its very popular MAGGI 2-Minute noodles. The factory will benefit from and will be closely aligned with the Research and Development Facilities of the Nestlé Group and its proprietary, world-class technology.
The Company today has six factories and facilitates direct and indirect employment and provides livelihood to about one million people including farmers, suppliers of raw and packaging materials and other goods. The Company's new factory at Pantnagar will further facilitate this and create employment, help develop local resources and create prosperity in the local communities.