Danone stays bullish on India

French dairy major, Groupe Danone today stated that its commitment for the Indian market stays unaltered.

The company was responding to reports of the Indian government ruling that the company cannot make a solo entry into the dairy business in India without the consent of the Wadia group, its 11-year-old joint venture partner in India.

A decision to that effect was taken by the industry department on Wednesday.

Danone executives said, "The company stands by what has been submitted to the government and is based on proper documentation and facts."