"We think our exports from countries such as New Zealand and Australia can, at best, only play a small role in helping meet the demand of growing economies such as India and China," Fonterra President (Greater China & India) Kelvin Wickham told PTI here today.
"However we also see opportunities where we can potentially work with the local industry to keep meeting the strong consumer needs for quality dairy in the future," he added.
"The country has over 1.2 billion consumers who are becoming wealthier and, unlike other large countries like China, dairy is a traditional part of the Indian diet. So the opportunity for strong growth is present in this market," he said.
"The Indian industry will be shaped by changing market conditions and a strong co-operative heritage, providing for an exciting future," he said.
Also Read
Last year, Fonterra announced its first operating office in New Delhi as to advance its relation with India.
"Establishing a presence on the ground will allow us to explore further opportunities in the world's fastest growing dairy market.