Indian conglomerate Dharampal Satyapal Group (DS Group) is planning to set up five new dairy production plants in the country, a move that will increase its capacity.
The company intends to invest around INR2bn ($32.14m) in the expansion, which will enable it to launch a range of dairy products across the country over the next three years.
The proposed plants, which will be either a mix of company-owned and leased ones, will produce all types of dairy products including butter and cheese, reports The Press Trust of India (PTI).
Commenting on the expansion, DS Group Dairy Division business head Sunil Kumar Bansal was quoted by PTI as saying: "We want to be a full-range dairy product firm with a pan-India presence within next three years.
"For this, we will add five more plants, taking our total number of production units to 7-8."
The company plans to build a greenfield plant in Assam besides commencing production in Guwahati over the next 3-4 months from a leased facility.
DS Group intends to generate around INR10bn ($160.7m) in revenues by 2017-18.
It currently operates a dairy unit at Reengus in Rajasthan.
