Sector News

Indian-French JV plans new dairy plant

August 15, 2017
Food & Drink

One of the largest private sector dairy enterprises in Southern India, Heritage Foods, has joined forces with French dairy firm Novandie to set up a 50:50 joint venture, for a new dairy plant in France.

Novandie, a subsidiary of French Food company Andros, and Heritage Foods will manufacture flavored yogurts and desserts, according to reports in the Indian press.

The Chief Minister of Indian state Andhra Pradesh, Nara Chandrababu Naidu founded the Indian dairy company in the early 1990s with three-business divisions; Dairy, Retail and Agribusiness, under its flagship company Heritage Foods Limited (HFL).

In a recent announcement, the minister said the Joint Venture has come about following lengthy discussions with the French firm and a plant will be set up with a capacity of 20 tons per day. It is expected to be operational by next year.

“We are excited about our joint venture with Novandie, a leading yogurt player in France. This is one of the major steps we have taken on the path to achieving Rs 6,000 crore revenues by 2022,” Nara Brahmani, Executive Director, Heritage Foods, was quoted as saying.

Currently, Heritage’s milk products have market presence in Telangana, Andhra Pradesh, Karnataka, Kerala, Tamil Nadu and Maharashtra.

Source: Food Ingredients First

comments closed

Related News

October 17, 2021

France to ban plastic packaging for fruit and vegetables

Food & Drink

The government has published a list of around 30 fruits and vegetables that will be subject to the plastic packaging ban coming into effect on 1 January 2022. The list includes courgettes, aubergines and cucumbers, as well as apples, oranges and pears.

October 17, 2021

Kraft Heinz unveils plans for a circular PET ketchup bottle

Food & Drink

Kraft Heinz has detailed plans to release a circular PET tomato ketchup bottle by 2022 in its latest Environmental Social Governance report. The company has made progress towards its aim of using 100% recyclable, reusable or compostable packaging by 2025.

October 17, 2021

Beverages category fizzes with AI-generated soda, hemp-based gin, “green” cola & coca leaf infusions

Food & Drink

The drinks category is brimming with trend-driven launches including flavorful, energizing and better-for-you beverages. FoodIngredientsFirst speaks to disruptive fizzy beverage brands, whose offerings include a classic cola recipe reimagined with a clean label twist, as well as AI-generated flavor synergies.

Send this to a friend