Karnataka Milk Federation (KMF), India’s second largest milk cooperative which sells milk under Nandini brand, has evinced interest to join hands with its counterpart in Telangana, Vijaya Dairy, to set up a milk processing plant involving an investment of at least Rs 300 crore.
Talking to journalists in Hyderabad on Thursday, the KMF chairman P Nagaraju said the investment could go up to Rs 500 crore if it decides on milk powder, value-added milk products manufacturing and cattle feed plant.
The KMF top official, who was in Hyderabad to launch their Nandini fresh milk, said they were ready with the investment plan and were looking at joining hands with Telangana government to take the plan forward.
KMF already has an arrangement with the Telangana milk federation to supply at least 60,000 liters of milk day, apart from selling 75,000 liters of fresh milk and 55,000 liters of long-shelf milk a day. In peak summers, the Karnataka milk body supplies up to 2 lakh liters of milk a day to Vijaya Dairy.
Nagaraju said KMF was ready to supply up to 5 lakh liters of fresh milk a day to the Telangana milk body, apart from preparing to sell up to 2 lakh liters a day in the region.
The Rs 10,000 crore milk federation from Karnataka is also looking at entering Mumbai and Pune markets in a month or so with fresh milk. It is already selling milk in tetra packs in these markets. KMF, which is currently procuring 72 lakh liters of milk a day and selling nearly 50 lakh liters in host state, is also looking at spreading to other Northern markets in phases, he said.
Source: Economic Times