Danone plans to expand in India as the French consumer goods group attempts to catch up with entrenched competition in the world’s fastest growing large economy.
The company’s presence in India, where it sells milk-powder protein and baby formula, is “nowhere near where it should be”, chief executive Antoine de Saint-Affrique told the Financial Times.
Danone, which also holds a minority stake in small Indian yoghurt making start-up Epigamia, is reassessing its India strategy. Investors are attracted to country’s large market, it is the world’s most populous nation with 1.4bn people, and manufacturing potential at a time when economic activity is faltering in China.
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