Fonterra Cooperative Group is the world's biggest dairy exporter. Now it is looking at opportunity in India. India is the world's second-most populous nation, and has decided to carry out a practicability study for a pilot farm.

A memo of understanding was signed by the Chief executive Andrew Ferrier with Rakesh Kapur who is the managing director of Indian Farmers Fertilizer Cooperative joint and Global Dairy Health director, Paresh Chaudhry. It was signed to look at setting up a pile of dairy farm by a herd size of about 3,000 to 5,000 cows.

Ferris alleged that India is a vibrant and growing market and they are energized by the prospective opportunities. He added that some pilot would pursue the example of Fonterra's Chinese experience.

Last month an agreement was signed by Fonterra to buy a long-term lease for its second farm in China. It is resetting on its manufacture of fresh milk in the world's most populous nation and second-biggest economy.

Once before, Fonterra denied from its investment in China. Because in 2008 it's earlier Chinese partner, San-lu was caught up in melamine humiliation. And for this cause many several infants were dead.

Bissell Cos. president and chief executive Ned Curran assumed that he and other colleagues are sensibly hopeful. He said brokers are vigorously working deals and that are coming to final result.