Business Reading and Analysis

Nilesh Wadhwa Mba

Nestle .

which was founded in 1866 by Henri Nestlé. name meant "Little Nest". which was established in 1866 by brothers George Page and Charles Page. whose Nestlé. .Nestlé originated in a 1905 merger of the Anglo-Swiss Milk AngloCompany. and the Farine Lactée Henri Nestlé Company.

. of Switzerland.A.Nestlé India is a subsidiary of Nestlé S. With seven factories and a large number of co-packers. co- y And is also 1 of the India's 'Most Respected Companies' and amongst the 'Top Wealth Creators of India'.

y From Rs 355 per kg of fat. The reason being cited by the company officials is an oversupply of milk in the past few days and the fall in prices of milk fat and powder. . Nestle it the biggest bulk buyer of milk in punjab . Nestle process 9 lakh litres of milk everyday. Nestle India has brought the procurement prices down to Rs 340 per kg of fat in a fortnight.NESTLE CUTS MILK PURCHASE PRICE IN PUNJAB Nestle has slashed the Rate at which at buys Milk from farmers in Punjab.

Future plans for First research and development centre in India. which will be operational by July 2012. y That means in the near future the need of Nestle will create more jobs internally as well as externally. at an investment of about Rs 230 crore.Analysis ::Even though it has reduced the rate at which it buys. y .

Source:Source:Economic times .

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