Protein energy malnutrition and Iron Deficiency Anaemia is the twin maladies of dwindling resources and increasing population is galore in developing countries, India being no exception. Bovine milk fortified or combined with iron and vitamin C can become the most equipped nutritional weapon to combat not only anaemia and Protein energy malnutrition but a broad spectrum malnutrition eradicating food item encompassing the prevention and treatment of almost all the nutrition deficiency disorders. In this study, two complexes of ferric namely ferric fructose and ferric lactose were prepared using laboratory chemical synthesis and milk preparations were fortified with the former due to its high solubility and stability characteristics by using a system of iron and ascorbic acid. The process of product development was undertaken by using paneer made from fortified and unfortified bovine milk. Iron bioavailability appraisal was done by giving these food products to the anaemic subjects in fasting state. The results point towards the possibility of this food product to be a good source of iron and protein for the under nourished masses.