Milky Mist to set up plant in Maharashtra

Erode-based Milky Mist Dairy Food signed a Memorandum of Understanding (MoU) with the Maharashtra authorities to acceptable up a beverage processing and dairy products manufacturing installation successful the State successful phases astatine ₹ 1,130 crore.

The MoU was signed astatine the ongoing World Economic Forum (WEF) yearly gathering successful Davos, successful the beingness of Maharashtra Chief Minister Devendra Fadnavis and K. Rathnam, CEO of Milky Mist, marking a important measurement successful the company’s enlargement plans beyond confederate India.

Milky Mist volition found a 10 lakh litre a time beverage processing plant, expandable up to 25 LLPD, with a divers merchandise portfolio including paneer, yogurts, curd, mozzarella cheese, crystal cream, butter, and ghee. The task volition beryllium developed connected astir 48.15 acres, with the onshore allotted by Maharashtra Industrial Development Corporation.

Mr. Rathnam said successful a property release, “This MoU reflects our semipermanent committedness to strengthening India’s dairy worth concatenation portion creating sustainable economical opportunities for farmers and communities. Maharashtra’s progressive policies, robust infrastructure and beardown milk-producing regions marque it an perfect spouse for our adjacent signifier of growth.”