Nestle to set up Rs 13.19 Cr unit in Himachal

Shimla: Having delayed expansion plans into Himachal for a year, Nestle India has finally decided to set up a Rs 13.19 crore unit in the hill state, the proposal for which has been approved by the government, industry minister Kishan Kapoor let the Vidhan Sabha know on Monday.

Responding to a question by congress legislator Mukesh Agnihotri, the industry minister said Nestle had already deposited an Rs 10 lakh advance against the Rs 131,913,775 investment proposal.

The government has signed a memorandum of understanding with the company for setting up the Greenfield unit at Tahaliwal in Una district, he said.

Nestle has also signed an agreement with HIMUDA( Himachal Pradesh Urband Development Authority) for allotting the company land for an agro unit. The state agency was yet to allot the land, he said.

More than 1000 people are expected to be provided direct employment in this unit, besides the other opportunities of
employment that it would also create, said Kapoor.

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