Value-added dairy major signs MoU with Maharashtra government at WEF Davos with projection to create 800 jobs
Milky Mist Dairy Food, one of India’s leading value-added dairy companies, has signed a memorandum of understanding (MoU) with the Government of Maharashtra to establish a large milk processing and dairy manufacturing facility in the state, the company said on Friday, according to media reports.
The proposed project will involve an investment of approximately Rs 1,130 crore and is expected to create around 800 direct jobs, strengthening local livelihoods and supporting the development of the regional dairy ecosystem.
The MoU was signed on the sidelines of the World Economic Forum (WEF) Annual Meeting in Davos, in the presence of Maharashtra Chief Minister Devendra Fadnavis. The agreement was executed by K Rathnam, Chief Executive Officer of Milky Mist, marking the company’s strategic expansion into western India.
As part of the agreement, Milky Mist plans to set up a milk processing plant with an initial capacity of 10 lakh litres per day (LLPD), which can be scaled up to 25 LLPD. The facility will manufacture a wide range of dairy products, including paneer, yoghurt, curd, mozzarella cheese, ice cream, butter and ghee.
The project will be developed on a land parcel spanning 194,866 square metres, or about 48.15 acres, to be allotted by the Maharashtra Industrial Development Corporation (MIDC). Implementation will be carried out in phases, with milk procurement sourced entirely from within the state.
Founded in 1997 by entrepreneur T Sathish Kumar, Milky Mist has evolved into a major player in India’s value-added dairy segment, backed by strong farmer partnerships, technology-led operations and a growing portfolio of premium dairy products across domestic and overseas markets.
Commenting on the development, Rathnam said the MoU underlines the company’s long-term focus on strengthening India’s dairy value chain while generating sustainable economic opportunities for farmers and local communities. He added that Maharashtra’s supportive policies, infrastructure and milk-producing regions make it a key location for the company’s next phase of growth.
