Nestlé announces additional $60m investment in Pakistan

Global food giant Nestlé has announced additional investment of sixty million dollars in Pakistan, reported 24NewsHD TV Channel. 

Executive Vice President Nestlé Remy Ejel made this announcement at a business roundtable, held in Davos today with Finance Minister Muhammad Aurangzeb in the chair, on the sidelines of the World Economic Forum Annual Meeting.

Remy Ejel said Nestlé will undertake a robust expansion of its operations in the country, reaffirming its long-term commitment to Pakistan.

He further announced that Nestlé intends to use Pakistan as a regional manufacturing and export hub, exporting products to 26 countries from Pakistan. Expressing strong confidence in Pakistan's economic outlook, Remy Ejel foresaw robust growth in Nestlé's business in Pakistan in the coming years.

Welcoming Nestlé's investment announcement, the Finance Minister emphasized that Pakistan offers compelling opportunities in affordable nutrition, climate-resilient dairy, localized sourcing, and export-oriented manufacturing. He reiterated the Government's resolve to position Pakistan as a competitive base for regional production and global value chains.