Green Revolution+ via value added Agri is Key to ‘Viksit Bharat’ Strategy
Achieving ‘Green Revolution-plus’ through horticulture alongside productivity boosts in our staples is key to the ‘Viksit Bharat’ strategy India, with an agriculture output of over 1,300 million tonnes (MT) in 2023-24, is food secure. However, nutritional deficiency, low farmer incomes and ecological unsustainability continue to remain our bane. The country’s historically pluralistic platter of agri…
Zydus Acquires 50% Stake in Sterling Biotech for Animal-Free Dairy Facility
Californian precision fermentation startup Perfect Day has agreed to sell 50% of its stake in Mumbai-based Sterling Biotech – a leading manufacturer of pharmaceutical gelatin and fermentation-derived ingredients – to Zydus Lifesciences for ₹550 crore ($66M), with the business now becoming a joint venture. The move will give both companies equal representation on the board,…
Aavin has undergone a major transformation- Mano Thangraj
Aavin has undergone a major transformation over the past two years through a systematic approach, says Minister of Milk and Dairy Development, T Mano Thangaraj. “We have improved our product quality by enhancing work culture, organisational ethics, skill development, efficiency, and more,” he notes. Achieving growth in milk procurement from 26 to 36.5 lakh litres…
One in seven samples of loose milk failed in Punjab
In the land known for abundance of milk, 13.6 per cent samples of loose milk and 21.4 per cent samples of desi ghee collected by the Punjab Food and Drugs Administration did not conform to the food safety standards in 2023-24. Data available with The Tribune shows that while none of the samples of packed…
18% increase in milk procurement in Himachal Pradesh
Himachal Pradesh has witnessed a substantial increase in milk collection through Milkfed, thanks to the focused and earnest efforts of the current state government. Chief Minister Thakur Sukhvinder Singh Sukhu said that average milk procurement has reached a record high of 1.90 lakh liters per day (LLPD), registering an 18 percent increase from the previous…
Innoterra to expand MilkLane’s cattle feed business
Innoterra, a Swiss-Indian food and technology platform with a focus on agriculture, is scaling up the cattle feed operations of its dairy subsidiary, MilkLane. With a strategic move into the cattle feed sector, Innoterra is expanding MilkLane’s Aayush Cattle Feed product line to target the premium market segment. As part of this strategy, Innoterra is…
Hangyo Ice Creams Secures Rs 211 Crore from Faering Capital
Mangaluru-based Hangyo Ice Creams has secured Rs 211 crore in funding from private equity firm Faering Capital. This new investment will be utilized to enhance production capabilities, speed up the development of new products, and strengthen the company’s market presence, particularly in southern India. This investment comes at a time when the ice cream sector…
KMF plans to sell 2.5 lakh litres of milk per day in Delhi
The Karnataka Co-Operative Milk Producer’s Federation Limited (KMF) is planning to sell Nandini milk beginning with 2.5 lakh litres per day in the national capital from October onwards. As the KMF is working on entering the national capital market, its officials held meetings with milk dealers here. At present, a total of 1 lakh crore…
Automatic Plant for curd and lassi worth Rs 123 cr at Verka
Four years after becoming fully automatic and increasing its daily milk processing capacity to 2.5 lakh litres per day, which can be increased to 5 lakh litres, a new feature in the form of an automatic machine to prepare curd and lassi at a cost of Rs 123 crore would be set up at Verka…
FSSAI Withdraws Notification Banning Use of ‘A1/A2’ Labels on Milk and Milk Products
In a significant move that has been met with widespread relief from dairy farmers, industry stakeholders, and consumers alike, the Food Safety and Standards Authority of India (FSSAI) has withdrawn its controversial notification banning the use of the terms “A1” and “A2” on milk and milk products. The initial notification, issued on August 21st 2024,…