From 4th Oct. to 8th Oct. 2010

The world’s biggest farmer’s cooperative ,IIFCO will set up a dairy with more than 40000 imported high-yield cows in partnership with New Zealand’s major Fonterra to produce top-quality milk to be sold to premium customers.

The 1st phase of the over Rs. 1000 crore project will be located in iifco’s Nellor kisan SEZ.

Iifco will have 45% stake and Fonterra a 35% and Global Dairy Health Ltd. ,India the balance 20% in this .

• Food inflation eased marginally to 16.24% for theweek ended 25th sep, from 16.44% in the previousweek as improved supplies lowered prices.

• The wholesale price index for food articles declined0.1% from the previous week sharp.

Hero Honda plans to set up its 4th plant in Baddi-Barrotiwala-Nalagarh industrial belt of HimachalPradesh.

The company has sought the state government`shelp to acquire around 2,000bighas of land.

TOP Oil Market News : Crude Near Eight-Week High; Sinopec's Brazil Reserves Bloomberg Oil majors will continue to buy shale gas resources in the US and dominate that market over the next couple of years after spending $21 billion on the fuel …

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