Danone Aims for India Expansion to Rival Unilever and Nestlé

• French consumer goods group, Danone, plans to expand in India to compete with rivals Unilever and Nestlé.
• CEO Antoine de Saint-Affrique announced a four-year €20mn investment to expand Danone’s existing plant in Punjab.
• Despite being the world's largest producer of dairy products, Danone has struggled to penetrate India's market.
• The company's history in India has been described as 'stop-start' with a 'tiny' current market share.
• De Saint-Affrique did not rule out potential Indian acquisitions, stating there's plenty they can do organically.

Source: Financial Times