Nestle plans acquisitions, expansion in India

Food and dairy products maker Nestle is mulling acquisitions in India with a view to expand its product line, and plans to launch more products in the coming days, Nestle India's chairman and managing director Antonio Helio Waszyk said today.

"We are growing ... we plan to acquire one or a couple of companies to expand our product line in India. This is the right time and we have to invest more here," he told reporters in Mumbai.

However, Waszyk did not give any time-frame for the acquisitions.

"It may happen sooner than later," was all he said. Nestle India plans to launch new products including breakfast cereals in the coming days in India.

 "It will be one among eight categories which we are looking at. The numbers of working women are growing in the country. So we think our packaged food items will get more demand here. We see more opportunities in the Indian market," Waszyk said.

 However, he did not give any timeline for the launch of products.