Parag Milk Foods

Parag Milk Foods, a dairy firm based in Maharashtra, India, is to acquire a manufacturing plant formerly owned by French dairy giant Danone with an investment of 30 crore INR ($4.5 million). The plant, located in Rai near Delhi, became available following Danone’s decision to exit the dairy sector in India and refocus its business in the country on infant nutrition, a move announced at the start of the year. “In …