KMF to invest Rs 1000 crore for inorganic growth in Maharashtra and Goa

KMF’s Managing Director BC Sateesh said that the co-operative is planning to buy two plants; in Mumbai and one each in Goa and Pune. “The tenders for the acquisition in Mumbai have been issued. We have drawn a Rs 1000 crore expansion plan by acquiring the dairy processing units,” he said.

On the spree of major expansion in the Maharashtra market by entering into newer markets of Vidarbha, Maharahstra. KMF (Karnataka Milk federation ), which owns “Nandini” the second largest milk brand in the country; has planned capital expansion in Maharashtra and Goa. It has announced its plan for the investment of Rs 1000 crore for acquisition of the dairy processing units.

Nandini milk launched in Vidarbha

KMF on Sunday launched its milk and milk products marketed under its brand Nandini in Vidarbha region.

The milk processed at its dairy in Bijapur will reach Chandrapur, after travelling for about 650 kms, where it will be packed in collaboration with Swapnapurti, a local dairy brand. The KMF has aimed to leverage markets in Nagpur, Wardha, Yavatmal and Chandrapur.

Large farmers base

KMF is currently operating in liquid milk segment over the entire state of Karnataka, Goa and other cities of the country including Mumbai, Pune, Solapur, Chennai, Hyderabad, Vijayawada and taking the fleet further now to Vidarbha region of Maharashtra including Nagpur, Wardha, Yavatmal, Chandrapur , etc.

“KMF covers 23,600 villages, 14,500 milk cooperatives, 14 district milk unions, 25 lakh milk producer members with 90.62 lakh litre of milk procurement every day by paying Rs 24 crores to farmers on daily basis. The KMF has more than 140 milk products under its belt. Nandini is the largest curd producer and seller in the country. Further have built networks across the country to market mainline milk products like Ghee, UHT milk (Goodlife). Exporting Milk products to the USA , Middle east countries and Australia,” the release said.