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Fonterra seeks expansion to India
Our Bureau
Date of posting: 24-11-10
      Dairy giant Fonterra has made its first steps towards an expansion to India, agreeing to examine the feasibility of a pilot dairy farm in the growing economy.

      The New Zealand based company has signed a memorandum of understanding with the Indian Farmers Fertiliser Co-operative (IFFCO) – the world’s largest farmer fertiliser co-operative with a membership of 50 million farmers – and Global Dairy Health for a feasibility study about the planned venture.

      If the pilot farm went ahead, it could have a herd size of around 3,000-5,000 cows in phase one, Fonterra chief executive Andrew Ferrier said.

      Fonterra’s proposed entrance to India would follow the company's approach to China where it established a pilot farm for 3,000 cows in Tangshan in 2007. “India is a vibrant and growing market and we are excited by the potential opportunities there,” Ferrier says.

      Global Dairy Health (GDH) director Paresh Chaudhry said that there exists a vast production gap of high quality and safe milk in India, and that the consortium would help bridge that gap to provide high protein diet to the young and growing India.

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