Nestle’s Movenpick to invest in building frozen cold chain in India – Feedback

Nestle’ super premium ice-cream brand Movenpick is planning to invest upwards of $5 million to build cold chain infrastructure and logistics in India. Having re-entered the Indian market for the third time since setting up its subsidiary back in 2000, Movenpick is present today through a master franchise Star Foods Speciality.

Speaking to BusinessLine , Dennis Korrey, Regional Business Head, South Asia, Movenpick, said, “In the past, there were issues like logistics and infrastructure in the Indian market due to which we had to withdraw our operations. Now, we will invest above $5 million to purchase the necessary infrastructure to build the Movenpick business here.’’

http://www.thehindubusinessline.com/todays-paper/tp-news/nestles-movenpick-to-invest-in-building-frozen-cold-chain-in-india/article7453471.ece

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