CHENNAI: The Erode-based Milky Mist Dairy Food Ltd plans to invest Rs 1,130 crore to set up a processing plant in Maharashtra as part of its expansion plan.
It has signed a memorandum of understanding (MoU) with the Maharashtra government to set up a large-scale milk processing and dairy products manufacturing facility in the state, as per a release.
Under the MoU, Milky Mist will establish a 10 lakh litre per day milk processing plant, expandable up to 25 lakh litre per day.
The plant is proposed to be established on 48.15 acres of land to be allotted by MIDC. “The total project investment is estimated at Rs 1,130 crore and is expected to generate direct employment for about 800 people,” it said.