Future Consumer has entered into a 50:50 Joint Venture (JV) Agreement with Fonterra (Europe) Cooperatie U.A, subsidiary of Fonterra Co-operative Group, New Zealand, on August 08, 2018.
The objective of the joint venture is to introduce full range of consumer and foodservice dairy products in India. The company and Fonterra shall, subject to such further consents and approvals that may be required, make investment at face value in the equity capital of the joint venture company to be formed.
Future Consumer (formerly Future Consumer Enterprise) is a holding company. It is a food company, which is engaged in branding, marketing, sourcing, manufacturing and distribution of fast moving consumer goods, food and processed food products. It also has agri-sourcing operations in India.
