Nestlé looks to commit to Myanmar market

[DagonKhan]

Nestlé looks to commit to Myanmar market

Swiss food giant Nestlé SA has confirmed that it is preparing to invest around US$50 million in Myanmar’s food and beverage industry over the next six years, in the latest sign yet of the Myanmar consumer market’s attractiveness to international firms.

A statement from the President’s Office issued on September 8 said that the investment will be focused on “coffee, milk and dairy products, drinking water and beverages”. The deal is pending approval from the Myanmar Investment Commission, which met with Nestlé representatives in Yangon early last month.

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