Nestlé among Business Today’s Top 30 | Sunday Observer

Nestlé among Business Today’s Top 30

Nestlé Managing Director Shivani Hegde receives the award from Transport Minister Nimal Siripala de Silva.
Nestlé Managing Director Shivani Hegde receives the award from Transport Minister Nimal Siripala de Silva.

Nestlé was the highest ranking F&B company in Business Today’s list of Sri Lanka’s top 30 leading corporates for 2017-2018. The company was recognised for its commitment to the country; enabling growth, providing economic and social opportunities, and enhancing the quality of life of the people.

Business Today has been compiling the Business Today TOP 30 list since 1997 to acknowledge listed business entities that have ‘stood firm and performed with changing tides’ in the economy. With the assistance of KPMG Sri Lanka, it evaluates company performance recorded during the financial year ending December 31 and March 31.

An excerpt from the Business Today Top 30 states, “Amidst a difficult year, Nestlé Lanka made progress driven by sustainable growth. The Company invested Rs. 8.4 billion in the rural economy, with Rs. 3.5 billion paid to farmers for fresh milk and Rs. 4.9 billion contributed to the coconut industry for procuring fresh coconuts. Continuing to believe in the long-term prospects of the Sri Lankan market, an investment of Rs. 5 billion was initiated to expand production capacity for dairy and coconut based products.”

Nestlé Managing Director Shivani Hegde said, “Nestlé has been in Sri Lanka for 112 years. We continue to invest because we are committed to supporting the development of the country and believe in its potential. A long-term approach to business has been part of Nestlé’s DNA.

“Our business model focuses on integrating sustainable development into our business activities, to create value for both our shareholders and society. We are pleased to receive this recognition for the fourth year running as a salute to our work in enhancing quality of life and contributing to a healthier future for all Sri Lankans,” she said.

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