date:May 23, 2013
International Finance Corporation (IFC) plans to invest upto $17 million in Pune-based Parag Milk Foods Pvt Ltd to expand the latters milk processing facilities at Manchar in Maharashtra and Palamaner in Andhra Pradesh.
The total project cost is estimated at about $32.7 million, of which about $13.9 million (i.e. 42 per cent of the total cost) has already been funded through an equity investment by the International Development Finance Corporation (IDFC).
On the association with IFC, Devendra