Parag Milk Food aims to raise Rs 300 crore via preferential allotment
Shares of Parag Milk Foods are trading higher after the announcement of its fundraising plans. The company aims to raise over Rs 300 crore via preferential allotment. CNBC-TV18 spoke with Devendra Shah, Chairman of the company to discuss this. Shah said with this amount, the company is replacing short-term working capital with long-term. Also read…
Milk Pouch sales dropped by 25-30% across Maharashtra due to Covid
Milk sales across Maharashtra have dropped by almost 25-30%, from an average per day sales of 1.2 crore litres to 86-90 lakh litres since the lockdown-like restrictions came into force, rough estimates from the Maharashtra Milk Producers and Processors Association have indicated. “Traders have cut down on milk purchases due to restrictions on market operations,…
Indian dairy industry is not competitive in exports of milk as a commodity
Recently, the Federation of Indian Chambers of Commerce and Industry (FICCI) hosted the 13th edition of the Foodworld India Global Convention for Food Business and Industry. On day two, during the session ‘Untapped Export Potential: Key for Sustained Growth of India’s Processed Food Industry’, RS Sodhi, the managing director, GCMMF (Amul) mentioned that India is…
Major dairy players eyeing Rs 65000 Crores packaged sweets market
Though the market for packaged sweets remains largely unorganised in India, the larger consumer trend towards packaged foods in the wake of the Covid-19 pandemic has given it a boost.The market for traditional Indian sweets is sized at `60,000-65,000 crore Dairy brands such as Amul and Mother Dairy have been expanding their presence in the mithai segment…
Chief Ministers White Revolution Scheme launched at Ziro in Assam
Lower Subansiri Deputy Commissioner, Somcha Lowang today launched the Chief Ministers White Revolution Scheme (CM-WRS) in the district by inaugurating a dairy farm and handing over 15 dairy cows to a beneficiary at Dilopolyang near here. Kago Shangkhang of the district was the beneficiary of the scheme. The programme was organized by the Ziro District…
White Revolution 2.0: Time to build demand in dairy
The first White Revolution, brought to its culmination in the 70s-80s by ‘Operation Flood’ and the dairy co-operatives movement built by Dr Kurien, changed the context and the ethos of Indian dairy industry. We have come a long way since then – India is now the world’s largest milk producer, accounting for about 17 per…
India is considered to be No 1 potential chocolate market of the world
India has long been known for its love affair with sugar. Sweets play a major role in festivals and family celebrations and delicacies such as gulab jamun — fried dough balls soaked in syrup —and barfi —made with condensed milk — are popular gifts. Not only is India the world’s biggest consumer of sugar, it’s…
Livestock focused startup Brainwired raises fresh Funding
Livestock focused and agritech startup Brainwired announced on Thursday that it has raised undisclosed amount of funding in a bridge round led by Agility Venture Partners. Other top angel investors including Dhianu Das and Nandi Mehta and Mumbai Angels also participated in the round. The startup is now valued at 5 Cr following the latest…
Milk has a unique identity: All others are clones and derivatives
The buzz around veganism and resurgent drive for pushing plant-based drinks have exposed the Indian dairy industry to a new potential risk. The risk is that of confusing consumers between milk as is conventionally known, and milk that is derived from plants and non-mammal sources. That could lead to misinformation and misunderstanding. While there is…
Cow dung paint, a potential income booster for dairy farmers
Apart form the ‘ahimsa’ philosophy, the economic utility of cow has played a role in its elevated theological status and being a reverred animal in many cultures. Well, there are more reasons for rearing the animal, other than religious. The daunting goal of doubling farmers’ income needs action on multiple fronts. A steady source of…