Sikkim Co-op Milk Producers’ Union hosts AGM
The 29th Annual General Meeting of the Sikkim Co-operative Milk Producers’ Union took place at Jorethang’s Community Hall on September 23, 2024. It was chaired by Chairman Yam Kumar Sharma. The meeting saw participation from 18 Board Members and 291 Milk Producers’ Cooperative Societies. The Managing Director, Dr. T.B. Ghatani, presented the audited report for…
GCMMF’s turnover has increased by 8% to Rs 59,445 crore in FY 24
Gujarat Co-operative Milk Marketing Federation Ltd (GCMMF), which sells dairy products under Amul brand, on Saturday said its turnover has increased by 8 per cent to Rs 59,445 crore in the financial year ending March 2024 on better sales. “In the Golden Jubilee year of GCMMF, the organization registered a turnover of Rs 59,545 crore…
Amul Dairy to set up plant in AP, Pune and Punjab
The Kaira District Cooperative Milk Producers Union Limited, popularly known as Amul Dairy, will be setting up new plants at Chittoor in Andhra Pradesh, Pune and Punjab. For this, Gujarat’s oldest milk co-operative will be investing Rs 1,000 crore over the next couple of years. In the last financial year, it invested Rs 1,000 crore in the expansion of its plants….
Odisha govt to launch scheme to boost milk production
The Odisha government on Saturday decided to launch a Rs 1,400 crore ‘Mukhyamantri Kamadhenu Yojana’ to enhance milk production in the state. The decision was taken at the Cabinet meeting chaired by Chief Minister Mohan Charan Majhi. The aim is to boost the dairy sector and increase the income of dairy farmers in the state,…
Vaishno Devi Dairy Directors Ordered to Refund ₹25 Crore
Market regulator Securities and Exchange Board of India (SEBI) has ordered Vaishno Devi Dairy Products Ltd (VDDPL) and six of its directors to refund the money which it had raised illegally from investors and also barred them from the securities market between three months to four years. These entities had raised Rs25 crore through the…
Katraj Dairy Announces ₹ 2/liter Milk Price hike for Farmers
In a welcome move for milk producers, the Pune District Milk Producers Association (Katraj Dairy) has announced to give ₹2 per liter in milk prices, effective immediately. The decision was made at the 65th Annual General Meeting of the association, chaired by President Bhagwan Pasalkar. The move is expected to benefit thousands of milk-producing farmers…
Assam’s ‘Purabi’ Dairy Launches Flavoured Milk
The West Assam Milk Producers’ Cooperative Union Ltd (WAMUL), which operates under the brand ‘Purabi’, has launched a new range of long shelf-life flavoured milk, becoming the first dairy unit in the North East to offer this product, a statement said on Saturday. Assam’s Minister for Cooperation Nandita Gorlosa launched three variants of flavoured milk…
Danone Reinvests in India, Six Years After Exiting Dairy Market
Indian consumers will soon see more Danone products on shelves as the French food company considers India a priority market and will continue investing in it, chief executive Antoine de Saint-Affrique told Mint in an interview on Friday. He declined to share details of the new products, saying, “Competitors in India are so strong that…
Heritage share delivers over 300% return in 18 months
In its note, domestic brokerage firm HDFC Securities has maintained its optimistic view on Heritage Foods, highlighting its well-diversified product portfolio, robust distribution network, strong long-term relationships with farmers, and commitment to high-quality premium products, enables it to capitalize on the growing dairy industry in India. The company boasts a strong balance sheet characterized by low…
Dairy sector will stay protected in FTAs
Commerce and Industry Minister Piyush Goyal on Wednesday said dairy is a sensitive sector in India as it involves livelihood issues of small farmers and there are no plans at all to give any kind of duty concessions under any Free Trade Agreements (FTAs) in this area. He said that India has not given any…