Heritage Foods announces 50:50 JV with French company Novandie

Date posted: Friday 11 August 2017

Andhra Pradesh chief minister N. Chandrababu Naidu-founded dairy firm Heritage Foods has tied with French dairy company Novandie to set up a 50:50 joint venture for manufacturing of flavoured yogurt and desserts. The joint venture will set up a Greenfield plant with a capacity of 20 tons per day at an investment of Rs.16 crore for the first plant, which is expected to be operational by 2018.

(Economic Times)