Nestle India, a leading food and beverage company, has stated that the withdrawal of Most Favoured Nation (MFN) status to India by Switzerland will not have a significant impact on the company’s operations or its business in the country. The company’s spokesperson and other industry experts also suggest that the impact will be minimal, as Nestle India is already subject to Indian tax laws and regulations. The MFN status was withdrawn by Switzerland in response to India’s decision to hike customs duties on certain products, including watches and chocolate. As a result, Switzerland withdrew the MFN status, which provides preferential treatment to importing countries. However, Nestle India stated that it will continue to operate in the country in accordance with Indian laws and regulations, and the company does not expect any significant disruption to its business operations. The company’s dependence on imports is relatively low, and it has a strong presence in the country through its local manufacturing facilities and a wide distribution network. Therefore, the company believes that the impact will be negligible on its business operations.
