Mother Dairy to set up fruit and vegetable processing plant in Ranchi
Mother Dairy Fruit & Vegetable Pvt. will invest Rs 75.65 crore to set up its first integrated processing plant in eastern India.
The first phase consisting of the freezing line is expected to be ready by December, while the pulp and concentrate processing line will be operational a year later.
"Jharkhand has immense potential for processing of various fruits and vegetables," said S Nagarajan, managing director of Mother Dairy. "Through this state-of-the-art facility, we will strive to explore better opportunities for almost 50,000 farmers and their produce."
Mother Dairy, a wholly owned subsidiary of the National Dairy Development Board, currently operates a processing plant in Bengaluru with a capacity of up to 18,000 MT per year.
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.