India has all characteristics of growth: Nestle

Despite recent slowdown in growth in India, Nestle is all set to take a bigger bite here. In an exclusive conversation with CNBC-TV18's executive editor Shereen Bhan, Nestle's global CEO Paul Bulcke says India has all the ingredients for growth. "The company is all set to invest 50 million swiss francs in a new R&D facility in the country," he adds.

Bulcke further says, "We have been growing double digit over the last year or so. You may have, to get a whiff of the environment in India, a slower growth for one-two years. I do believe that intrinsically India has all the characteristics of growth."

Bulcke says, "We really try to see the opportunities everywhere in the world and building the capabilities to go after these opportunities, the fact that we have been growing in Greece. So, our business is not directly related to GDPs. We are related to what consumers, the building up of middle classes are going for. That's the interesting dynamics that actually inspires my optimism."

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