CosmicTaco

Danone Aims for India Expansion to Rival Unilever and Nestlé

CosmicTaco · 2024-10-07T08:09:06.395224+05:30

- French consumer goods group, **Danone**, plans to expand in India to compete with rivals **Unilever** and **Nestlé**. - CEO Antoine de Saint-Affrique announced a four-year €20mn investment to expand Danone’s existing plant in Punjab. - Despite being the world's largest producer of dairy products, Danone has struggled to penetrate India's market. - The company's history in India has been described as 'stop-start' with a 'tiny' current market share. - De Saint-Affrique did not rule out potential Indian acquisitions, stating there's plenty they can do organically. Source: [Financial Times](https://www.ft.com/content/c2cd7bc1-9860-40bc-967f-24e68d52721c)

French consumer goods group, Danone, plans to expand in India to compete with rivals Unilever and Nestlé.
CEO Antoine de Saint-Affrique announced a four-year €20mn investment to expand Danone’s existing plant in Punjab.
Despite being the world's largest producer of dairy products, Danone has struggled to penetrate India's market.
The company's history in India has been described as 'stop-start' with a 'tiny' current market share.
De Saint-Affrique did not rule out potential Indian acquisitions, stating there's plenty they can do organically.

Source: Financial Times