Tetra Pak, the packaging giant has said it will invest in production, in emerging markets over the next year and is looking for land for expansion in China, India and Pakistan.
According to media reports, Tetra Pak has invested EUR90m in a packaging material facility in Pakistan, which will supply the Middle East and India.
“India, the world’s largest milk producer and consumer, is still growing. What we are seeing is a tremendous growth right now and we are looking for land to buy because of that,” Tetra Pak ceo and president Dennis Jönsson, was quoted as saying.
Jönsson further said that emerging markets are driving the growth in global dairy consumption with 96 percent of that growth coming from those markets in the last three years.
“We see India providing interesting growth as well. India consumed 51.5 bn litres of milk in 2008, and accounts for 20 percent of total consumption worldwide.” Jönsson said.
— IndiaRetailing Bureau