Indian dairy company Parag Milk Foods plans to invest Rs1bn ($17.93m) to set up two milk processing plants in India, as a part of its plan to boost its production capacity.
The first facility will be established in West Bengal, while the second is likely to be set up either in Haryana or Delhi.
The West Bengal plant, which will be built over an area of 20 acres, will have a processing capacity of 500,000 liters of milk per day. The two plants are expected to be constructed within two years, reported The Hindu.
Meanwhile, the company has expanded its product range with the launch of Go Milk - a natural and zero preservative UHT (ultra-heat temperature) milk in West Bengal.
Parag Milk Foods chairman Devendra Shah said that with the roll out of Go Milk, the company expects to increase its penetration and boost the turnover further.
"We plan to improve our sales through new product launches and constant innovations," Shah added.
Parag Milk Foods, based in Pune, India, markets dairy products under Go and Gowardhan brands, and it has facilities in Pune and Andhra Pradesh, with a total processing capacity of 2 million liters of milk per day.
