ChickP Protein to expand company’s plant-based protein in Asia
Rehovot, Israel — foodTech start-up ChickP Protein, Ltd. is expanding into Asia Pacific . They have launched a new office in Singapore. The strategic move is in response to the rapidly growing demand for plant-based products in the region. The new subsidiary will bring the start-up closer to its Asian-customers to better support its community…
MoooFarm”s Co-founders selected for Forbes 30 under 30 Asia List
Gurugram based startup MoooFarm’s Co-founders Jitesh Arora, Abhijeet Mittal, and Aashna Singh are in news again. They secured a place in the most esteemed, recently announced Forbes 30 under 30 Asia list. They began their journey in 2019 with MoooFarm, an award-winning technology start-up to support dairy farmers. MoooFarm also raised $600k USD from Dutch-based…
Maharashtra govt eyeing dairy department’s assets for monetisation
This is a time when the Maha Vikas Aghadi (MVA) government is raising bonds to meet financial requirements. Concurrently , prime land parcels of state-owned enterprises appear as the most lucrative option. A comprehensive review is underway to utilise huge land parcels owned by the state dairy development and animal husbandry department. The department is…
Milk prices in Karnataka to be reduced by Rs 1.50 per litre from June 1
Milk unions in Karnataka will be reducing the purchase price of milk from farmers by Rs 1.5/litre from June 1. They are doing it due to the decline in dairy consumption amid the pandemic-induced lockdown. The bad news is that this low demand has occurred during a glut in production because of decent rains. The…
Amul will run existing dairy plants in AP and market milk in South India
The state government of Andhra Pradesh led by Mr Jagan Reddy has issued an order on May 19. This order approves the revival of unutilized dairy plants of APDDCF. GCMMF will acquire the unutilized assets of State government . These units were earlier given to district unions. GCMMF will use these assets under production based…
The proud son of a chauffeur in Amul will drive strategy at Country Delight
Hitesh Singh is a name which could make any parent in the world feel proud. Hitesh’s father works with the 8th largest dairy in the world Amul at Anand. Hitesh got his inspiration from Mr R S Sodhi MD GCMMF in early days while he was in school. He got lured by the mammoth size of dairy…
Heritage Foods strikes back with a Profitable bottom line in 2020-21
Heritage Foods achieved a revenue of Rs 2473.1 Crores in 2020-21 as against Rs 2725.9 Crore in 2019-20. The EBIDTA margins have improved to 11% from 5% in the previous year.The net profits have again became black at Rs 148.3 Crores in 2020-21 as against a loss of 169.4 crores in 2019-20. The board of…
Genomic selection in Gujarat launched jointly by NDDB and GCMMF
Mr Meenesh Shah, ED NDDB and Sh R S Sodhi, MD GCMMF signed a historic MOU on May 18,2021 at Anand. This collaboration will be to expand reference population for genomic selection. In order to develop the genomic inventory the performance of a set of animals will be recorded over a period of time. In the next…
Evening milk collection by Milma stopped in Malabar region
Covid wave 2 and its restrictions are making lives of dairy farmers in Malabar region of Kerala state miserable. Keralas state milk cooperative federation Milma has stopped collecting evening milk from the farmers in six districts of Malabar region. The collection has been stopped from Tuesday May 18 2021. The Federation is facing problem with…
Amid rising losses, Mother Dairy comes out with VRS scheme
At a time when the country is facing its worst health crisis and governments and organisations are looking to provide support to citizens and employees respectively, Mother Dairy Fruit & Vegetable Pvt Limited — a wholly-owned subsidiary of National Dairy Development Board — has announced a voluntary retirement scheme for its employees, offering a maximum…