LAHORE: Governor Punjab Chaudhry Mohammad Sarwar on Tuesday inaugurated a state-of-the-art manufacturing plant at Nestle’s Sheikhupura factory.
The investment at Nestle’s Fruit Vitals plant is $22 million and the production capacity is 24,000 units per hour.
Sarwar said the government aims to create conditions in which foreign companies are attracted towards making new investments. At present, the government is making concerted efforts to revive the nation’s economy, he added.
Samer Chedid, CEO, Nestlé Pakistan said company’s recent investment is a testament to our continuous trust in Pakistan and its growth potential. Due to government’s effort, Pakistan has been listed by the World Bank as among the ‘Top-20 Improvers in Ease of Doing Business 2020’.
Published in Dawn, October 9th, 2019