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Mother Dairy plans to invest approximately Rs 500 crore to establish a new factory in Maharashtra that will produce milk and value-added dairy products. The business said that this is a component of a larger investment plan that will total roughly Rs 700 crore in the coming years.
One of the biggest dairy companies in the nation, Mother Dairy is a fully owned subsidiary of the National Dairy Development Board.
In addition to milk and goods derived from milk, it is well-known for its edible oil brand, Dhara. Under the Safal brand, it offers a variety of products such as frozen vegetables and snacks, fresh fruits and vegetables, pulses, and concentrates.
Manish Bandlish, Managing Director, Mother Dairy said, “ We have recently got a nod from our board for investments of about ₹700 crore which will be made over the next few years.”
“We are in the advanced stages of land procurement to set up a new plant in Nagpur, Maharashtra. This plant will manufacture dairy and value-added dairy products. We will be making investments of about ₹500 crore in setting up this plant. This will become a hub for us to serve Western and Southern regions,” he added.
“In the food processing segment, we are also looking at setting up a new plant in Karnataka,” Bandlish added.
The company said it has a strong pipeline of innovations across categories such as bakery, ice creams, paneer and other value-added products.
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