date:May 28, 2013
The Punjab State Cooperative Milk Producers Federation (Milkfed Verka) is set to invest INR10bn ($179.84m) to establish four mega milk plants in the state.
The move is aimed at positioning Verka products as the largest selling brand by expanding Milkfed. Each plant will get INR2.5bn ($44.99m) as investment.
Expansion plans under this investment include encouraging dairy sector, setting up organized dairy farms, re-orienting procurement of raw milk, scientific collection and chilling chain, ult