Indian dairy Parag Milk Foods is looking to expand sales of fresh products in India’s northern states through joint ventures or partnerships with dairies in the region.
“We are scouting for partners: we want to expand to the north with our existing products,” Parag chairman Devendra Shah told just-food.
“We will offer our bouquet of fresh products. What’s on offer will depend on the partners we choose and their production capacity,” he added.
Products could include yoghurt, flavoured milk, lassi and paneer, among others, Shah said.
Pune, Maharashtra state-based Parag, whose two leading dairy brands are Gowardhan and Go, currently retails in western and southern India and exports to more than 27 countries. It had reported turnover of INR10bn (US$168.4m) in the financial year ending March 2013.
Shah confirmed that the company plans to boost daily cheese production capacity from the current 40 tonnes to 60 tonnes within an overall target to double processing capacity of cheese and milk in key plants by 2015.
India’s cheese market is growing at a healthy annual rate of 25-30%, helping Parag to clock monthly sales of 1,800 tonnes to institutional buyers such as Dominos, Pizza Hut, US Pizza, to Indian fast food outlets like Nirula’s and Jumbo King, and to hoteliers like Taj Group and The Leela in addition to fast expanding retail in India.
The company is also looking at marketing whey, a by-product of its cheese making business, by the next financial year starting April 2014.