© Reuters. FILE PHOTO: A brand is pictured on the Nestle analysis heart at Vers-chez-les-Blanc in Lausanne, Switzerland August 20, 2020. REUTERS/Denis Balibouse/File Picture
BOGOTA (Reuters) -World meals large Nestle is ready to take a position $100 million over the subsequent three years in its Colombian operations, President Gustavo Petro mentioned on Friday, a part of his push to spice up industrialization.
The Colombian chief outlined the announcement in a submit on Twitter late Friday.
The brand new funding plan builds on $13 million already spent by the world’s largest meals and beverage producer within the South American nation, the federal government mentioned in a press release, with the brand new funds to be targeted on rising manufacturing capability and updating expertise.
“Industrializing Colombia is important if we need to get out of poverty,” Petro wrote on Twitter.
Nestle didn’t instantly reply to a request for remark.
However the assertion quoted its high government for Latin America, Laurent Freixe, as saying that the plan will permit the corporate to strengthen its product portfolio in addition to align with among the authorities’s priorities, comparable to selling youth employment.
