Nestlé opens first FMCG retail lab



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Rishad Bathiudeen Minister of Industry and Commerce, tests Sri Lanka’s first ever Retail Innovation Centre (RIC) created by Nestlé, located at Colombo 10 with Nandu Nandkishore Executive Vice President Nestlé S.A., and Zone Director for Asia, Oceania, Africa and Middle East and Etienne Benet Managing Director-Nestle India Ltd.


 One of the world leading multinationals recently launched the first FMCG retail lab in Colombo, the company is planning to invest more in the country and expand its presence. ’ "We are investing and expanding in Sri Lanka. We are looking to grow in Sri Lanka markets. I am not at liberty to comment on the forthcoming investment values here but we are certainly planning. In fact, we are cautiously bullish" said Nandu Nandkishore Executive Vice President Nestlé S.A., and Zone Director for Asia, Oceania, Africa and Middle East.


In 2012, Nestlé Global reported $ 103.4 Bn in sales with net profit of $ 11.9 Bn.


"FMCG is closest to our consumers’ lives among many products. FMCG sector growth is understandable since we see continuous GDP growth, with 7 percent expected this year. We are looking at FDIs, in many sectors, including infrastructure for our growth," said Minister Industry and Commerce Rishad Bathiudeen.


Bathiudeen also presented several Certificates of Achievement to achievers in Nestlé Lanka’s distribution network, which cons 6748 groceries in Nestlé’ large grocery channel contributing to 22% of Nestlé’ Lanka PLC’s annual national sales. Also within Nestlé domain are 13000 tea shops across the island which gives more than 5 percent to Nestlé’’s annual sales here. The RIC has FMCGs (both branded and unbranded) as well as SKUs (Stock Keeping Unit) level products on test use.


"This is basically a retails innovation centre to train our customers (sales distributors) to improve their experience in retails stores and hygiene conditions. We are investing and expanding in Sri Lanka. We are looking to grow in Sri Lanka markets. I am not at liberty to comment on the forthcoming investment values here but we are certainly planning. In fact, we are cautiously bullish" said Nestlé’s Executive VP Nandkishore.


 
 
 
 
 
 
 
 
 
 
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