Ban on imports of Chinese milk and milk products extended by a year
The Dollar Business Bureau India had imposed a ban on milk and milk products being imported from China starting in 2008 and since then has been extending it. The ban which expired on June 23 this year was extended for another year i.e till June 23, 2018 as per notification no., 10/2015-2020 dated June 22, 2017, issued by the DGFT. It was found that the milk products (including chocolates and chocolate products and candies/confectionary/food preparations with milk or milk solids as an ingredient), including milk imported from China, contained toxic products that are used for making plastics and fertilisers. India is the world’s largest producer and consumer of milk and milk products. According to the National Dairy Development Board, milk production in 2015-16 was 155.5 ...
Arunachal Pradesh signs MoU with NDDB to boost dairy sector
The Dollar Business Bureau Arunachal Pradesh on Tuesday signed an MoU (memorandum of understanding) with the National Dairy Development Board (NDDB) at Anand in Gujarat to seek assistance in revamping its dairy sector. NDDB's official release stated that as per the MoU, it will conduct a state-wide survey on milk production and consumption to find out areas which would need intervention. Based the survey results, NDDB will draft a five-year plan on dairy development and offer technical help for setting up a milk procurement system. The Board will also offer technical support for setting up of dairy infrastructure, and cattle feed and mineral mixture plant, along with providing training and capacity building of dairy technicians and farmers. At the ongoing Vibrant ...
Mother Dairy aims Rs.10,000 cr turnover by FY19
The Dollar Business Bureau Mother Dairy, a leading supplier of milk, is aiming to cross a turnover mark of Rs.10,000 crore by the end of financial year 2019, on the back of increasing demand across all segments including dairy products along with fresh as well as processed fruits and vegetables. The company has recorded a turnover of Rs.7,186 crore during the last financial year. Out of this, the dairy business alone had a share of about 75 percent. In an attempt to expand its business, Mother Dairy is planning to establish a processing plant for integrated food and vegetables having a capacity of 25,000 tonnes per year, at a projected cost of Rs.75 crore in Ranchi (Jharkhand). The capacity of the freezing ...
Better infrastructure, quality standards required to make India a milk exporter: CII
The Dollar Business Bureau | @TheDollarBiz India’s formal dairy market size is estimated at $10 billion and is expected to grow at a CAGR of 13-15% India’s milk consumption is growing faster than production and this could make the country an importer of milk if necessary steps are not taken by policy makers and other stakeholders, said representatives of the industry body Confederation of Indian Industry (CII) at the “Dairy Vision 2025” conference held with the support of Ministry of Agriculture. India is the world’s largest producer of milk (producing around 132 million tonnes per year as of 2012-13), but most of it is consumed in the domestic market and the sector remains largely unorganised. According to CII, the dairy sector ...
