November 29, 2012
Fonterra will be setting up an office in Delhi, India, and appoints Hamish Gowans as General Manager for Fonterra in the country.
It will be the Fonterra's first operating office in the country and the first time Fonterra has employed its own India-based staff. These developments follow Fonterra's strategy refresh in March.
Fonterra President for Greater China and India, Kelvin Wickham, said the opening of the Delhi office and Mr Gowan's appointment will allow Fonterra to gain a better understanding of this important dairy market.
"India's dairy industry is growing rapidly. With 20 million more mouths to feed every year and an increasingly affluent population, the demand for high quality dairy nutrition continues to grow at a rapid pace - annual dairy consumption is forecast to reach around 180-200 million tonnes by the end of the decade.
"Today India produces around one sixth of the world's milk and almost all of this is consumed locally. The country has a large, complex dairy industry and, while Fonterra has developed a strong knowledge of the country's dairy environment, it is clear we need to have dedicated leadership on the ground to further strengthen relationships and develop opportunities.
Fonterra's office in Delhi will officially open in 2013.
