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NEW DELHI, 19th June, 2020: Dairy foods company Milk Mantra said US International Development Finance Corporation (DFC) has committed $10 million (over Rs 76 crore) for structured debt financing to the company. DFC has also approved $3,71,000 (about Rs 2.8 crore) in technical assistance to support the company's agriculture extension services and ethical milk sourcing programme, according to a statement. "The main focus of this would be to build out Milk Mantra's digital financial services platform for its network of farmers. This platform will drive financial inclusion for farmers, especially women farmers," it added. There are nearly 100 million dairy farmers in India with a significant proportion being women. The company was founded in August 2009 by the former director of Tetle...

(PTI)- Beverages major Coca Cola on Monday announced its foray into value-added dairy drinks segment in the Indian market with Vio brand, which will make its debut across the country next month. The company, which will introduce two flavours under Vio, has tied up with Reliance Retail as part of pilot launch to make the brand available exclusively across the latter's 500 stores starting tomorrow. "We have been getting into new categories and we will be getting into sparkling drinks with juices. We are now getting into dairy segment with Vio in two flavours in the value added dairy category," Coca Cola India & South West Asia President Venkatesh Kini said. The company has tied up with Schreiber Dynamix Dairies Pvt Ltd which will manufacture the product. Vio will be ava...

Tag: dairy

Milk Mantra raises $10 mln in debt financing from US DFC

Coca Cola to Enter Dairy Drinks Segment in India