Nestlé India Limited and Dr. Reddy’s Laboratories Ltd have formed a joint venture to bring innovative nutraceutical brands to consumers in India and other territories. The partnership will combine Nestlé Health Science’s global range of nutritional health solutions, vitamin, minerals, herbals, and supplements with Dr. Reddy’s’ established commercial strengths in India. The joint venture will help JV Partners grow their complementary nutraceutical portfolios in categories such as metabolic, hospital nutrition, general wellness, women’s health, and child nutrition for consumers across India.
This partnership is a significant step towards enhancing consumer value through powerful brands and products, as it will enable the company to build a robust retail and distribution network, ultimately improving the quality of life for consumers.
The JV Company will be headquartered in Hyderabad. The JV Company will leverage the capabilities as well as services of the Nestlé Group and Dr. Reddy’s.Commenting on the joint venture, Mr. Suresh Narayanan, Chairman and Managing Director, Nestlé India said, “I am very happy to share that we are entering into a joint venture with Dr. Reddy’s Laboratories Ltd. We have been on a journey where we strive to add value to the lives of our consumers through powerful brands and products.”
