Nestlé India Board approves setting up of new unit in Uttaranchal

Nestlé India Ltd has informed BSE that the Board of Directors of the Company at its meeting held on July 29, 2005, inter alia, has approved setting up of a new Factory in the State of Uttaranchal, mainly for the manufacture of culinary products. The project will involve an investment of around Rs 100 crores over 2 to 3 years & it is foreseen that the factory will go into commercial production during the first half of 2006. The new factory is being set up in an area benefiting from various tax incentives. The Company currently has six manufacturing plants across India & the unit proposed in the State of Uttaranchal will be the seventh plant.