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

September 25, 2022

Coca-Cola names new president of global ventures

Food & Drink

The Coca-Cola Co. has promoted Evguenia (Jeny) Stoichkova to president of global ventures, effective Jan. 1, 2023. Ms. Stoichkova joined Coca-Cola Bulgaria in 2004 and was most recently the president of the company’s Eurasia & Middle East division, a role she has held since 2021.

September 25, 2022

Perfect Day allies with Onego Bio to speed-up launch of animal-free eggs

Food & Drink

US-based Perfect Day, is partnering with Onego Bio, which specializes in creating animal-free eggs, aiming to accelerate the timeline to bring the eggs to the market. The business, with the use of its technology, plans to commercialize animal-free ovalbumin, the most abundant egg white protein extracted through precision fermentation.

September 25, 2022

EU fails on food waste: Report reveals bloc discards more than it imports

Food & Drink

Food waste costs the EU €143 billion per year (US$141.7 billion), with a report by Feedback EU raising the alarm of how it’s vital to reduce waste from farm to fork 50% by 2030 and the only way this will be achieved is by enforcing a mandatory directive forcing the food industry to do better and retailers to pay a tax of food waste.