ITC EYES INDIA’S DAIRY SECTOR
August 1st, 2011
BY MINI PANT ZACHARIAH
ITC, India's manufacturing-to-hospitality giant, plans to enter the fast-growing domestic dairy business, estimated at USD 70 billion with 4.5 % annual growth, by starting a dairy at Munger in Bihar.
Y C Deveshwar, ITC's chairman, said, "Our first products will most likely be skimmed milk powder and ghee (clarified butter). Later on, we will either go for long-life milk or milk that requires refrigeration." Cheese, butter and milk chocolate may follow.
He sees "great opportunity" to add value to milk, to create ...
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