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 K. Rathnam, CEO of Milky Mist, marking a significant step in the company’s expansion plans beyond southern India.
Under the MoU, Milky Mist will establish a 10 lakh litres/day (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 Maharashtra Industrial Development Corporation (MIDC).
The project 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.
“This MoU reflects our long-term commitment to strengthening India’s dairy value chain while creating sustainable economic opportunities for farmers and communities. Maharashtra’s progressive policies, robust infrastructure and strong milk-producing regions make it an ideal partner for our next phase of growth,” . Rathnam said.
The plant in Maharashtra will help the company at to expand its strong market presence in western India.
