NEW DELHI/BANGALORE: French foods giant Groupe Danone’s road ahead in India is expected to pass through multiple joint ventures. After unlocking nearly $7.2 billion through the proposed sale of the biscuits business to US-based Kraft, Danone is learnt to be bullish on ramping up its core operations through acquisitions, especially in emerging markets such as India, sources told ET. One of these initiatives could see its globally celebrated JV with nobel laurete and Grameen Bank founder Mohammad Yunus of Bangladesh being extended to India, sources added. Danone’s India strategy is likely to simultaneously play out at the low-priced and top-end market segments. Danone has stated that it could look at developing fresh dairy products priced at below Rs 10, and Grameen with its unique market access model could play a role in future. However, there are no definite plans in this regard at the moment.
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