Dairy major Nestle India Ltd. on Monday said it would pump in Rs.250 crore on expansion and modernization of its existing milk plant at Moga in Punjab, reports said, quoting Chairman and Managing Director Antonio Helio Waszyk.
In his meeting with Punjab Chief Minister Parkash Singh Badal in Chandigarh, he said the company had made investment of Rs.9,500 crore in the country.
Nestle already invested around Rs.250 crore and the balance Rs.250 crore would be invested for technological up-gradation, expansion and modernization of its Moga plant over a period of next two years, Waszyk said.
Waszyk said the company had launched its first unit in 1961 at Moga and termed it as 'Jewel in Crown' of their investments across the globe. Presently, the company was procuring milk from as many as 1,10,000 dairy farmers across the state.
Waszyk further said Nestle was fortunate to launch its operation from Moga which proved to be a gateway for their entry in India at eight different locations.
Waszyk also responded positively to the proposals of the Chief Minister to set up a composite dairy centre in collaboration with Punjab government comprising a super specialty veterinary hospital, model dairy farm, a breeding centre and a training facility for the dairy entrepreneurs in the state.
The state government would work out the modalities for arranging suitable Panchayat or government land in some village near Moga for setting up of this composite dairy centre.
Winding up the deliberations, the Chief Minister assured the visiting Nestle team that the Punjab government would extend all possible cooperation and support to fructify their investment plans in the near future.
On the issue of exemption of purchase tax on the procurement of milk, Badal assured to get this issue thoroughly examined from the state Excise and Taxation Commissioner.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.