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The agreement was executed by Dr K Rathnam, CEO, Milky Mist, marking a significant step in the company’s expansion plans beyond southern India
Milky Mist Dairy Food signed a Memorandum of Understanding (MoU) with the Government of Maharashtra to set up a large-scale milk processing and dairy products manufacturing facility in the state. The MoU was signed at the ongoing World Economic Forum (WEF) Annual Meeting in Davos, in the presence of Maharashtra Chief Minister Devendra Fadnavis.
The agreement was executed by Dr K Rathnam, CEO, Milky Mist, marking a significant step in the company’s expansion plans beyond southern India.
Under the MoU, Milky Mist will establish a 10 LLPD milk processing plant, expandable up to 25 LLPD, with a diverse product portfolio including paneer, yogurts, curd, mozzarella cheese, ice cream, butter, ghee etc. The project will be developed on a land parcel measuring 1,94,866 square metres (approximately 48.15 acres), with the land allotted by MIDC.
The total project investment is estimated at Rs 1,130 crore and is expected to generate direct employment for about 800 people, providing a significant boost to local livelihoods and the regional dairy ecosystem. The project will be implemented in a phase manner. Milk procurement for the facility will be sourced within the state.