Home Retail Wal-Mart to have dairy processing unit

    Wal-Mart to have dairy processing unit

    By  
    SHARE

    Eyeing possibilities in the sector, may set up a processing unit in India and is also looking at direct sourcing of processed products, say industry sources.

    Walmart to invest US$ 50 million in Chinese online grocery and delivery firm New Dada
    The investment is an extension of Walmart’s broader agreement with JD.com and cooperation with New Dada

    It is learnt that the company will retail products in the international markets, and for that it will source at a very large scale and will have to set up a processing unit. Once Wal-Mart’s India operations through starts, the products will be retailed in the country as well.

    Sources say Wal-Mart is planning to initially source more than 15 lakh litres of milk everyday. In recent times, the dairy sector in India has attracted interest of many multinational as well as domestic companies.

    Wal-Mart started sourcing operations from India in 2001 as part of its global procurement operations. The company sources products worth about $600 million from India.