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Dhaka Tribune

Nestle to double its investment in Bangladesh by 2017

Update : 10 Sep 2015, 07:40 PM

Nestle has said the company will double its investment in Bangladesh by 2017 as the business is thriving.

It added that the products, especially Maggi noodles, produced in Bangladesh maintain quality and are different from that of India.

“We ensure quality in every stage and there is no question about it,” Naquib Khan, corporate affairs director, Nestle Bangladesh Limited, said yesterday.

He added that according to Bangladesh Standard and Testing Institution (BSTI) standard and the International Codex, Nestle products are manufactured in healthy and safe condition.

The official said this while talking to a group of journalists that visited the company’s manufacturing unit Wednesday. 

Located at Sreepur, 55 kilometre north of Dhaka, Nestle factory produces instant noodles, cereals and repacks milks, soups, beverages and infant nutrition products. 

According to the Director of Manufacturing, Sanjay Chottani, Nestle manufactures 30,000 tonnes of noodles per year, of which 70% is Maggi noodles. 

“Our growth rate is very good. The company will double its investment by 2017,” he said. 

Nestle is here to contribute to Bangladesh’s economy and is trying to help the government by creating employment opportunities for people, Sanjay said, adding that there are currently 850 employees employed by the company.

“Our mission of Good Food, Good Life is to provide consumers with the best testing, most nutritious choices in a wide range of food and beverage categories and eating occasions from morning to night,” he said.

However, the Bombay High Court ruled on August 13 that the ban on Maggi noodles by Food Safety and Standards Authority of India and Maharashtra’s Food and Drugs Administration be revoked as it was erroneous.

Founded in 1866, the Switzerland-based multinational company, Nestle, set foot in Bangladesh in 1992. Nestle has 468 factories in 197 countries which produce 10,000 different types of products and over 1 billion products are sold every day.  

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