Punjab’s Milkfed is mulling a joint venture with Fonterra?largest dairy cooperative of New Zealand. A two-member team of Fonterra comprising David Broad, general manager, International Operation and Hamish Govans, sales manager on Thursday visited the state on invitation from Milkfed.
Disclosing this, a spokesman of the Punjab cooperation department said that Fonterra officials visited dairy farms and milk procurement societies of milk union, Ludhiana and Mohali. The Fonterra officials were also shown various milk processing facilities at milk plant, Ludhiana. They also visited cattle feed plant at Khanna and Modern Semen Station at Khanna. The Officials evinced keen interest in the dairy cooperative system of Punjab and working of the Milkfed. The visiting officials were apprised of the progress made by Milkfed during the last four years and the ever increasing trends in the turnover of Milkfed Punjab from 22-25% and the successful experiment of larger scale dairy farming in the state. Later, David Broad made a presentation highlighting the functioning of Fonterra and compared the working of dairy cooperatives in India and Newzealand.