Nestle India is looking to work with various stakeholders on how it could improve productivity in the agriculture sector, its managing director Etienne Benet told CNBC-TV18‘s Rituparna Bhuyan.
Nestle India is looking to work with various stakeholders on how it could improve productivity in the agriculture sector, its managing director Etienne Benet told CNBC-TV18’s Rituparna Bhuyan.
Speaking on the sidelines of the India Economic Summit hosted by CII-World Economic Forum, Benet also spoke about consumer sentiment and when it spending could pick up in an appreciable manner.
Excepts from the interview on CNBC-TV18.
On wanting to work with authorities
What we expect from the authorities and what we are ready to do is to have an open dialogue, constructive dialogue with all stakeholders on how to improve productivity in the agriculture, how we secure better food in this country.
On whether consumer spending is improving
I am not ready to comment on a week, quarter or on a monthly basis. In general from a trend perspective I think we are expecting a bit higher spending or I would say higher trend or a better trend, the buoyancy is not coming yet as much as we thought. However, definitely it is a question of weeks, months, whatever. I think directionally we will go for higher consumer spending. For the moment we have not felt that very strongly to be honest. It is not a desperate case. I am sure it will come.