Wait...
  1. Home >
  2. Export Import News >
  3. Export News >
  4. Nestle India plans up to 3-dozen product launches in 2019, eyes high exports >
  5. Nestle India plans up to 3-dozen product launches in 2019, eyes high exports

Online Export Import Data Search

Recent Searches: No Recent Searches
Complete Training Video : Click Here

Nestle India plans up to 3-dozen product launches in 2019, eyes high exports.


Date: 19-02-2019
Subject: Nestle India plans up to 3-dozen product launches in 2019, eyes high exports
NEW DELHI: FMCG major Nestle India  has lined up nearly two-three dozen products that it plans to launch in calender year 2019 across categories in the country to drive its aggressive growth plans, chairman and managing director Suresh Narayanan said on Monday. The company, whose 6 per cent revenues come from exports, is now looking to tap more overseas markets by targeting countries with higher Indian diaspora such as SAARC and South East Asia. 

 "In 2018, our core brands have performed well...We look forward for greater acceleration as we go forward....We have two-three dozen projects (products) in pipeline for launch in 2019. These products are across categories," Narayanan told reporters. 

 Reiterating the company's focus on the Indian market, he said, "As an organisation the one clarion call that we are working to is that we are in the business of growth to thrive and not to survive...It is not a survival mode that we look at the opportunity in India or the opportunity for growth..but a thriving mode." 

 While the domestic market has been driving its growth, Narayanan said Nestle  India would now look at expanding its export basket. 

 The company is looking at tapping overseas market with higher Indian diaspora such as SAARC and South East Asia to expand its exports, he added. 

 Commenting on fake news on nutrition, Narayanan said it was affecting choices and lives of people. 

 Therefore, Nestle India in partnership with Google , using a chatbot mechanism, will launch a personalised information dissemination website called "Ask Nestle", he added. 

 "Ask Nestle seeks to be a reliable and anchor platform for nutrition and lifestyle information for customers. India is the only market where this website is being launched," he added. 

 When asked if the company will in future also link Ask Nestle with its own e-commerce website for selling its products, he said it is a possibility. 

 "...Going forward it could morph into something bigger in terms of linking up with our own e-commerce intentions, if at all it happens. But today it is only for information sharing, dissemination and helping," he said. 

 When asked if there has been any impact on sales of Maggi noodles after Supreme Court revived government's case in the National Consumer Disputes Redressal Commission (NCDRC) against Nestle India seeking damages of Rs 640 crore for alleged unfair trade practices, false labelling and misleading advertisements, Narayanan said "No". 

 When asked if the company is looking for manufacturing capacity expansion, he said: "...This is a question that is coming up with active consultation. That exercise is on but I can not share more at this stage". 

 Typically, our approach is to augment (capacity) at our existing factories, but it does not rule out a new manufacturing facility, Narayanan said. 

 Nestle India, at present, has eight factories across the country. 

 The company also did not rule out evaluating inorganic growth in the country and said it may consider it if any opportunity arises.

Source: timesofindia.indiatimes.com

Get Sample Now

Which service(s) are you interested in?
 Export Data
 Import Data
 Both
 Buyers
 Suppliers
 Both
OR
 Exim Help
+


What is New?

Date: 13-12-2019
Notification No. 68/2019 – Central Tax
Seeks to carry out changes in the CGST Rules, 2017.

Date: 13-12-2019
Notification No. 69/2019 – Central Tax
Seeks to notify the common portal for the purpose of e-invoice.

Date: 13-12-2019
Notification No. 70/2019 – Central Tax
Seeks to notify the class of registered person required to issue e-invoice.

Date: 13-12-2019
Notification No. 71/2019 – Central Tax
Seeks to give effect to the provisions of rule 46 of the CGST Rules, 2017.

Date: 13-12-2019
Notification No. 72/2019 – Central Tax
Seeks to notify the class of registered person required to issue invoice having QR Code.

Date: 13-12-2019
Notification No. 90/2019-CUSTOMS (N.T.)
Tariff Notification in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seed, Areca nut, Gold & Silver - reg.

Date: 12-12-2019
TRADE NOTICE No. 41/2019-20
Online filling and Issuance of Preferential Certificate of Origin under SAFTA and SAPTA for India's Exports to Nepal w.e.f. 18th December 2019

Date: 12-12-2019
Notification No. 35/2015-2020
Amendment in Para 2.25 of Foreign Trade Policy, 2015-20.

Date: 12-12-2019
Notification No. 63/2019 – Central Tax
Seeks to extend the due date for furnishing of return in FORM GSTR-1 for registered persons in Jammu and Kashmir having aggregate turnover more than 1.5 crore rupees for the months of July, 2019 to September, 2019

Date: 12-12-2019
Notification No. 64/2019 – Central Tax
Seeks to extend the due date for furnishing of return in FORM GSTR-1 for registered persons in Jammu and Kashmir having aggregate turnover more than 1.5 crore rupees for the month of October, 2019.



Exim Guru Copyright © 1999-2019 Exim Guru. All Rights Reserved.
The information presented on the site is believed to be accurate. However, InfodriveIndia takes no legal responsibilities for the validity of the information.
Please read our Terms of Use and Privacy Policy before you use this Export Import Data Directory.

EximGuru.com

C/o Infodrive India
E-2, 3rd Floor, Kalkaji Main Road
New Delhi - 110019, India
Phone : 011 - 40703001