Joint venture for Heritage
Heritage Foods Limited of India is in the process of entering into a joint venture with a European dairy firm for manufacturing and marketing yogurt in India, according to its executive director Bahmani Nara.
The company processes 14 million litres of milk per day and makes fresh milk, curd, butter milk, lassi, ice cream, paneer, butter, ghee, milk powder, flavoured milk, milk sweets and UHT milk and dairy whitener.
Nara notes the company aims to achieve $1 billion in (€920m) revenue in the next five years, with a focus on added value products. It has outlets in 15 Indian states. The company recently acquired the dairy business of Reliance Retail, making Heritage Foods a pan India player.