Parag Milk Foods has received the final sanction for incentives applicable to Mega Project at Manchar from Government of Maharashtra. The incentive is available for a period of 8 years starting from August 1, 2017 and the total admissible amount is approximately Rs 2,793 million (a maximum amount of around Rs 349 million per year).
This incentive is offered by Government of Maharashtra based on the investments made and employment generated in the State of Maharashtra. The incentive would also be applicable on all the future investments made till March 31, 2019.
Parag Milk Foods is a largest private dairy company. They have their own manufacturing facility with state of art technologies. Their manufacturing facilities are strategically located at Manchar, Maharashtra and Palamaner, Andhra Pradesh.
