Fonterra re-enters India with Future Consumer on board post Britannia split

'We have to focus on the consumer and deliver what they want'

Nine years after splitting with Nusli Wadia-controlled Britannia Industries, New Zealand’s Fonterra has staged a comeback by tying up with Kishore Biyani’s Future Consumer. 

On Tuesday, the two companies announced they had formed an equal joint venture (JV), Fonterra Future Dairy Partners, to produce and supply dairy and consumer products in India.  

For the world’s fifth-largest dairy company, the JV with Future Consumer will mark a new chapter, which will see the two work together to grow their dairy business in India. A chief executive for the JV is expected to be appointed shortly.

Future for its part plans to