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IFC to invest $17 million to expand two facilities of Parag Milk Foods
date:May 23, 2013
International Finance Corporation (IFC) plans to invest upto $17 million in Pune-based Parag Milk Foods Pvt Ltd to expand the latters milk processing facilities at Manchar in Maharashtra and Palamaner in Andhra Pradesh.

The total project cost is estimated at about $32.7 million, of which about $13.9 million (i.e. 42 per cent of the total cost) has already been funded through an equity investment by the International Development Finance Corporation (IDFC).

On the association with IFC, Devendra

12/23 20:42