APIndia is in an advantageous position in the global market, despite inflationary concerns, according to Nestle global CEO Mark Schneider. Being "less touched" than many other large markets has helped the subcontinent, the top executive says.
"I think India is in a very advantageous position in the sense that of course, there are inflation concerns, no question. But you see such a strong underlying volume demand from a rising middle class and people reaching higher levels of income," Schneider says, adding that it "overpowers some of the concerns that may come from inflation."
Talking at a media roundtable Delhi, the Nestle honcho also praised the country's retaliation to COVID-19, saying that India's "bounce back from that situation (COVID-19) is impressive"
"I think India has done wonders on this," Schneider added, referring to India's vaccination coverage.
Schneider's comments come in the wake of Nestle announcing investment plans worth Rs 5,000 crore in India by 2025.
Responding to a query regarding the ongoing Russia-Ukraine war, the Nestle executive said that the global conglomerate was not hit hard by supply chain restrictions that followed the invasion of Ukraine.
"But in some other parts of the world, we are just trying to step by step regroup, and make sure that the supply chains get less vulnerable," Schneider added.
With inputs from PTI.
"I think India is in a very advantageous position in the sense that of course, there are inflation concerns, no question. But you see such a strong underlying volume demand from a rising middle class and people reaching higher levels of income," Schneider says, adding that it "overpowers some of the concerns that may come from inflation."
Talking at a media roundtable Delhi, the Nestle honcho also praised the country's retaliation to COVID-19, saying that India's "bounce back from that situation (COVID-19) is impressive"
"I think India has done wonders on this," Schneider added, referring to India's vaccination coverage.
Schneider's comments come in the wake of Nestle announcing investment plans worth Rs 5,000 crore in India by 2025.
Responding to a query regarding the ongoing Russia-Ukraine war, the Nestle executive said that the global conglomerate was not hit hard by supply chain restrictions that followed the invasion of Ukraine.
"But in some other parts of the world, we are just trying to step by step regroup, and make sure that the supply chains get less vulnerable," Schneider added.
With inputs from PTI.
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