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Parag Milk Foods to expand manufacturing capabilities in India
date:Dec 06, 2012
Indian dairy company Parag Milk Foods plans to invest Rs4.5bn ($82.48m) over the next five to seven years in order to expand its manufacturing footprint and boost its milk procurement capacity.

The company is planning to fund the expansion through an initial public offering (IPO), which is expected to be launched within two years.

As part of the expansion plan, Parag Milk Foods will invest Rs800m ($14.66m) to expand the processing capacity of its facility in Chittoor, Andhra Pradesh state, by

12/22 08:16