DAIRY NEWS Budget 2023 to give impetus to dairy processing, says ICRA
The incentives announced in the Union budget 2023-24 for the cooperative sector are expected to boost dairy processing industry in the country, said ratings agency ICRA. Finance Minister Nirmala Sitharaman in her budget speech said: “Co-operatives that commence manufacturing activities till March 31, 2024 shall get the benefit of a lower tax rate of 15…
Livestock sector Catching Up in Recent Years
The allied sectors of Indian agriculture – livestock, forestry & logging and fishing & aquaculture are gradually becoming sectors of buoyant growth and a potential source of better farm incomes. The livestock sector grew at a CAGR of 7.9 per cent during 2014-15 to 2020- 21 (at constant prices), and its contribution to total agriculture…
Is this what dairy industry was expecting from Budget 2023 ?
Everyone was eagerly waiting for the budget 2023-24 and finally it came. The last budget speech was of 38 pages and had no mention of terms like dairy or animal husbandry. This time our expectations were high as the budget speech was of 58 pages and had the word dairy mentioned 3 times and animal…
National Workshop on Water Management in Dairy Industry
Verghese Kurien Centre of Excellence organized a National Workshop on Water Management in Dairy Industry in IRMA on 28 January 2023. Prof. Umakant Dash, the Director of IRMA gave the welcome speech and felicitated the guests. He appreciated VKCoE’s efforts in organizing the MDPs on ‘Smart Dairy Farming’ and ‘Reducing Carbon footprint in Dairy Plants…
Fintech for Women’s Financial Inclusion – Indian Dairy Sector
Dairy production in India is anchored in 80 million rural smallholder households with marginal livestock holdings. Household-based production reflects the traditional gendered division of labour within households. Male members control market transactions and cash flows, while women carry out the bulk of day-to-day production activities. While time and labour-intensive, women’s work in dairy farming is…
Akshayakalpa Organic -Signature Dairy Farming in Tamil Nadu
Akshayakalpa Organic, India’s first certified organic dairy company and producer of the country’s most popular organic milk, today established a stronger footprint in Tamil Nadu with the inauguration of its Model Organic Dairy Farm in Pooriyambakkam village in Changalpattu District, located 90 KMS south of Chennai. Named Akshayakalpa Velan Kudil or ‘farmer’s home’, the new model…
Unilever Taps Dairy Boss as New CEO
Unilever PLC UL 0.82%increase; green up pointing triangle has appointed Hein Schumacher as its new chief executive, tapping the head of a European dairy cooperative to lead its effort to reinvigorate growth and navigate economic challenges. The owner of Ben & Jerry’s ice cream and Dove soap said Mr. Schumacher would become CEO on July 1. He succeeds Alan…
Govt must consider importing wheat and milk fat to check inflation
Wheat and atta prices are on fire, retailing at an average of Rs 30 and Rs 35 per kg respectively, as against Rs 20 and Rs 25 a year ago. As a mitigatory measure, the Narendra Modi government has approved offloading three million tonnes (mt) of the cereal from the Food Corporation of India’s (FCI)…
DAIRY NEWS Ahead of GIS-2023, U.P. dairy sector exceeds investment target
Uttar Pradesh, which already stands on top in milk production in the country, has exceeded the investment target in the dairy sector by 200% ahead of the proposed Global Investors’ Summit (GIS) even as a Dutch company has expressed its interest to set up a dairy plant in the state, a government official said here…
Suzuki to use cow dung for its CNG cars, signs MoU with NDDB
India’s largest car manufacturer company Suzuki Motor Corporation (SMC) has announced that it will use cow dung to power its CNG cars. An MoU has been signed between Maruti Suzuki and Asia’s largest dairy manufacturer National Dairy Development Board (NDDB), SMC stated while announcing its growth strategy for 2030. The company in its growth strategy for 2030 said…