Fonterra’s plan for a $1b Indian business

Wed, 04 Dec 2019

Fonterra’s head of India says it only needs to capture 4-5 percent of that country’s dairy market to become a $1 billion revenue business, something it could do within seven-to-ten years. Sunil Sethi and three other executives from Fonterra’s Indian joint venture today gave New Zealand media an update on the business, which is the cooperative’s second attempt in the world's second-most populous nation. They claim to be well-positioned to capitalise on a relatively young Indian population where 40 percent are vegetarian and seek protei...

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