Nestle India is planning to invest Rs 500 crore on expansion and modernisation of its existing milk plant at Moga in Punjab.

Of the total amount, Nestle India has already invested Rs 250 crore and the balance Rs 250 crore will be invested for technological upgradation, expansion and modernisation of the plant over the next two years.

Currently, the company is procuring milk from as many as 1,10,000 dairy farmers across the state.

Meanwhile, the company is likely to accept the proposal of Punjab Government to set up a state-of-the-art composite dairy centre in collaboration with the state government, comprising a super speciality veterinary hospital, model dairy farm, a breeding centre and a training facility for the dairy entrepreneurs in the state. The state government will work out the modalities for arranging suitable Panchayat or government land in some village near Moga for setting up of this composite dairy centre.