India’s dairy farmers earn 11,000 carbon credits from biogas
More than 27,000 household biogas plants have been installed in 19 states across the country under various schemes in the dairy sector, according to an official statement issued on Thursday. Further, the household biogas initiative has also helped in generating carbon credits for the dairy cooperative sector. Under the first such initiative, a total of 11,000 carbon…
Switzerland suspends MFN status for India under DTAA
Switzerland has suspended the most favoured nation (MFN) status granted to India following an adverse court ruling against Nestle. This means increased tax liabilities for Indian entities operating in Switzerland. From January 1, Indian companies will be subject to a higher withholding tax on income generated in Switzerland. tax demand on mncs The decision follows…
India used 114 mg of antibiotics for every kg of meat in 2020
For humanity, antibiotics are a huge blessing. Antibiotics have saved millions of lives from bacterial infections. However, there is growing concern that these bacteria will become resistant to the drugs we use against them. When we think about antimicrobial resistance, we often focus on what drugs humans take. We might not even consider the use…
Animal Husbandry Key to India’s Economy: Chouhan
Union Minister Shivraj Singh Chouhan said agriculture is the backbone of India’s economy and along with animal husbandry it will have an important role as the country is poised to become the world’s third-largest economy in the near future. Batting for crop diversification, Chouhan said farming of fruits, flowers, medicinal plants, agroforestry, animal husbandry,…
Milk production annual growth rate slips further to 3.78% in FY24
India’s annual growth rate in milk production has slowed down further to 3.78 per cent in 2023-24, though the country continues to remain the world’s largest producer at 239.3 million tonnes, latest government data showed. The growth rate in milk production was 6.62 per cent in financial year 2017-18 (FY18); 6.47 per cent in…
Gujarat ranks fourth in Milk production in India
Ahead of the National Milk Day, being celebrated on Tuesday, the state govt said that over the past 22 years, Gujarat’s milk production increased by 11.96 million metric tonnes. The state govt said in a statement on Monday that with an annual milk production of 17.28 million metric tonnes, Gujarat ranks fourth in the country. The…
India says dairy sector will stay out if EU wants FTA
Union Minister Piyush Goyal said on Friday that India would not be able to strike a free trade agreement deal with the European Union if the bloc kept insisting on seeking access to India’s dairy industry. A report by Reuters quoted Goyal as saying, “A trade deal could be concluded swiftly if sensitivities were respected on both…
India is a significant market for SIG aseptic packaging
India is the largest milk producer in the world; it accounts for nearly 22-25% of the world’s production, according to the Food and Agriculture Organisation (FAO). According to a report by Fortune Business Insights, the country’s dairy market size was valued at $115.57 billion in 2022. This number is expected to reach $227.53 billion by…
Nestle Launches Sugar-Free Cerelac Variants in India
FMCG major Nestle India on Thursday said it will soon launch variants “with no refined sugar” of its infant food Cerelac. The announcement is important as Nestle India, part of Swiss multinational Nestle SA, recently faced criticism for having added sugar in Cerelac. In the company’s earnings statement CMD Suresh Narayanan said: “We have achieved…
Buffalo meat leading India’s export of animal products
India continues to play a crucial role in the global animal products market, emerging as a leading producer of high-quality items such as milk, meat and eggs. In 2023-24, India’s animal product exports amounted to ₹37,665.51 crore ($4,543.52 million), with buffalo meat emerging as the dominant contributor. Buffalo meat alone accounted for ₹31,010.10 crore ($3,740.53…