Nestle to enhance investment in BD

FE Team | Published: September 12, 2015 00:00:00 | Updated: November 30, 2026 06:01:00

Arafat Ara
Nestle Bangladesh has planned to enhance its investment in Bangladesh to further expand its production base to meet the growing demand of its products here, Nestle corporate officials said.
Under its business expansion plan the multinational company will introduce a number of new products shortly for the Bangladesh market.
"We have a plan of investment which might be almost double compared to the existing size in near future," corporate affairs director, Nestle Bangladesh Limited Naquib Khan told a group of journalists during a visit to the Nestle factory in Gazipur recently.
"The Nestle Bangladesh is having a double-digit growth and the demand of our products is growing gradually thanks to their quality," said Mr Khan.
The foreign direct investment policy is conducive to doing business in Bangladesh. Besides, government's plan for establishing special economic zone will also help to increase foreign investment in the country, the Nestle executive added.
He said Nestle does not compromise with quality and standard. It also maintains quality parameter while collecting raw materials from local sources.
Speaking about the standard of Maggi noodles in Bangladesh, he said there are no harmful materials in Maggi noodles here. According to Bangladesh Standards and Testing Institution (BSTI) the existence of lead is very insignificant, he added.
Samples of Maggi noodles were collected from different markets in Dhaka and tested in laboratory following the ban on Maggi noodles in some states in India.
BSTI tested Bangladeshi Maggi noodles but did not find any ingredients in them that are harmful.
Naquib Khan said there are differences between the products and quality of Nestle Bangladesh and Nestle India as the test profile and nutrition profile of consumer groups are different in the two countries.
He said Bangladeshi people are very much influenced by the Indian media as it is a neighbouring country. So when India banned Maggi in some of its states, people became confused about safety of Bangladeshi Maggi.
There has been a negative impact on the sales of Nestle's Maggi in Bangladesh following the ban in India.
"But we are confident that we can get back consumers' trust shortly as Nestle has been providing healthy and safe food for a long period."
The company complies with international and local standards in every stage while making products, said Sanjay Chottani, manufacturing director of Nestle Bangladesh.
"We do not compromise with quality and make sure standard in every stage to provide safe and quality food to the consumers," he said.
However, the Bombay High Court ruled on August 13 that the ban on Maggi noodles by Food Safety and Standards Authority of India and Maharashtra's Food and Drugs Administration be revoked as it was erroneous.
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