New Zealand dairy giant Fonterra has announced a joint venture (JV) partnership with one of India’s largest consumer companies, Future Consumer Ltd, to produce a range of consumer and foodservice dairy products that will help meet the growing demand for high-quality dairy nutrition in India.
According to Lukas Paravicini, Fonterra’s Chief Operating Officer Global Consumer and Foodservice, the partnership, under the name Fonterra Future Dairy Partners, will enable Fonterra to establish a presence in India.
The initial stages of the partnership will focus on product development, and marketing with the right capital investment made during this period. The first consumer products will be launched by the middle of 2019, using both locally sourced milk and dairy products from New Zealand.