Water is one of the most important requirements for living things, second only to air, and access to clean water is therefore a basic human right. No private corporation should be able to acquire it regardless of external factors such as drought or surpassing human need. The way Nestle has been paying a pittance to take water from all over the world, put it in non-biodegradable plastic containers, and resell it for a profit goes against both environmental and moral considerations.
No company should be allowed to use their wealth to extract one of our most fundamentally-needed resources - water- from a drought area, to then sell it to those who desperately need it, just to make even more profits. That has to be the ultimate in exploitation. Nestle have used some dubious business practices in the past, but this is the worst so far.
It is morally irresponsible to take water from one area that is experiencing a drough and ship it to another place that has plenty of water. Water is an essential natural resource, and it should not be taken away from the people who need it the most. By taking water from this region they are prolonging the drought and making it more difficult from everyone.
While those of the private sector like to tap into any resource that comes their way, in terms of crisis the government should take care of its constituents. And that includes water. Even if Nestle were given the go-ahead, I think enough westerners would be irate enough to boycott the company and also give them a bad rap. Nestle's PR department might want to give this a little more thought since they may have an upstream swim on this idea.