Fonterra to wind down its India joint venture
Fonterra and India's Future Consumer have agreed to wind down their 50/50 joint venture. The venture - Fonterra Future Dairy - was established in 2018 and
Source: newstalkzb.co.nz
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Fonterra and India's Future Consumer have agreed to wind down their 50/50 joint venture. The venture - Fonterra Future Dairy - was established in 2018 and
Covid-related market disruption blamed for closure of loss-making business.
The joint venture was established in 2018 and has 22 employees.
Fonterra and Indian FMCG supplier Future Consumer have decided to end their dairy business in the Asian country.
Future Consumer, a part of Kishore Biyani-led Future Group, has decided to terminate a joint venture pact with New Zealand's dairy firm Fonterra