Nestlé  announced a $60 million investment in Pakistan. Executive Vice President and Chief Executive Officer for Asia, Oceania, and Africa at Nestlé, Remy Ejel, announced the development during a high-level Business Roundtable on the sidelines of the World Economic Forum (WEF) Annual Meeting in Davos, chaired by Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb.   During the meeting, Ejel said that Nestlé will undertake a robust expansion of its operations in the country and reaffirmed the long-term commitment to Pakistan.According to the statement, the CEO also announced that Nestlé intends to use Pakistan as a regional manufacturing and export hub, exporting products to 26 countries from Pakistan.   Ejel foresaw robust growth in Nestlé’s business in Pakistan in the coming years and noted that Pakistan’s demographic profile, growing nutrition needs, and underpenetrated value-added food segments closely mirror successful growth trajectories seen in Southeast Asia.Last month, CEO Nestlé, Jason Avancena, highlighted Nestlé Pakistan’s significant progress in technology-driven manufacturing, noting that facilities in Sheikhupura and Khanewal were now fully automated and connected to global diagnostic systems, placing Pakistan’s operations on par with leading Nestlé facilities worldwide. (ICE ISLAMABAD)

Fonte notizia: business recorder