Control, competition & cooperation: Ministry of cooperation
One will have to wait for its blueprint to see how it plans to take the country forward. However, experience of co-operatives in India is a mixed bag, more of failures and only few successes. It was an indirect admission of the failure of socialist state with all its controls on the economy. July is…
Co-operative word reminds us of Amul for good reasons
When we hear the word ‘co-operative’, most of us think of Amul, and for good reasons. We also think of sugar co-operatives and housing cooperatives, though not in the same league. Some will recall primary agriculture credit co-ops. Most people will not cite IFFCO or KRIBHCO, two large, efficient multi state co-ops. Amul impacts the lives…
Cows go to the cloud: Indian Dairy sector and tech-innovations
With approximately over 90-million-dairy-farmers, the Indian dairy market stood at a value of Rs 11,357 billion in 2020 .It was expected to grow at a CAGR of 4 to 4.5 per cent. Also, India’s milk production has increased over the years. An economic survey estimated that in the last six to seven years, India’s milk…
Friesland Campina introduce 50 Tonne Hydrogen Powered Milk truck
Friesland Campina has announced that it has introduced its first 50-tonne; hydrogen-powered milk truck in a bid to make transportation more sustainable. Over the last decade, the Dutch dairy group reduced CO2-emissions-per-kilometre of transport between farms and production locations by 18.1%. It was achieved through various initiatives, including electric pumping when loading the milk at…
Snack Happy with New Immune-Boosting Cheese Balls: Chip-Chip Hurray
Chip Chip, Horray! The Good Crisp Company , a brand of better-for-you chips in the classic-canister shape announced today the launch of Cheese Balls. Made with clean and simple ingredients, Cheese–Balls offer immune-boosting-properties to help consumers-develop a better relation-chip with their snacks. Known for their delicious take on the classic stacked chip; The Good Crisp Company creates snacks that deliver in…
GCMMF to get ₹50 per kg for SMP exports for next six months
The subsidy support is fixed at ₹50 per kg of SMP with a ceiling of ₹150 crore for the entire scheme, which will be active for a period of six months starting July 1 to December 31, 2021. Notably, international SMP prices have fallen by about 9.5 per cent since May 2021 to USD 3,126…
Friesland Campina introduce 50 Tonne Hydrogen Powered Milk truck
Friesland Campina has announced that it has introduced its first 50-tonne; hydrogen-powered milk truck in a bid to make transportation more sustainable. Over the last decade, the Dutch dairy group reduced CO2-emissions-per-kilometre of transport between farms and production locations by 18.1%. It was achieved through various initiatives, including electric pumping when loading the milk at…
Hatsun stellar performance in Qtr-I: To raise ₹700 cr for expansion
Dairy product maker Hatsun Agro Product Ltd; plans to raise ₹700 crore through private placement of equity-shares by way of qualified-institutional-placement for its expansion-plans. Also read : Hatsun starts a 101 Crores automated dairy plant at Tripur On Wednesday, the board also approved a proposal for increasing the company’s borrowing limit from ₹1,500 crore to ₹1,800…
Fuel cost fuelled Transportation cost for dairy sector by 50 % per litre
Marred by inflation, dairy companies and cooperatives have increased milk prices, much to the woes of the end-consumer. Amul, revised milk price by Rs 2 per litre, in Ahmedabad and Saurashtra in Gujarat and Delhi NCR; with effect from July 21. Others such as Mother Dairy and Gokul, too, have hiked prices. Mother Dairy has also…
Livestock schemes to be merged, get ₹9,800 crore over 5 years
The Central government will spend ₹9,800 crore on livestock development over the next five years. It will be done in a bid to leverage almost ₹55,000 crore of outside investment into the sector. The Cabinet Committee on Economic Affairs (CCEA) decided on Wednesday. It would do this by merging a slew of schemes into three…