A CRISIL Ratings analysis of 38 dairies accounting for 60% of the organised segment revenue shows that India’s dairy industry will see healthy revenue growth of 13-14% this fiscal, as strong consumer demand continues along with the improved supply of raw milk. While the demand will be supported by rising consumption of value-added products (VAP) , the ample milk supply
Indore: The Madhya Pradesh Cooperative Dairy Federation (MPCDF) is hoping to revitalize the financially distressed Gwalior and Jabalpur milk unions by incorporating expertise of National Dairy Development Board (NDDB). NDDB is preparing a comprehensive business roadmap for the MPCDF and thereport is expected to be delivered by the end of August. As part of memorandum
India is ranked first in milk production contributing 25 per cent of global milk production. Milk production is growing at annual growth rate of about 6% over the past nine years with per capita availability of 459 gram per day and is self-sufficient in meeting the domestic demand. Government has taken various steps, one of
Britannia’s rural market share clocked higher growth than urban showing signs of green shoots in consumption growth in a market that remains critical for the wider FMCG industry. “We continue to make positive strides in Rural as we expand distribution footprint and enhance product offerings to align with regional preferences, and well positioned to benefit
India’s dairy industry, bolstered by decades of public-sector investment and international partnerships, is the largest in the world. In 1965, the National Dairy Development Board (NDDB) was established to transform dairying into an instrument for the development of India’s rural sector. Farmer cooperatives sprang up around the country, collecting and processing milk and other dairy
Vadodara: Suzuki R&D Center India Private Limited, a wholly-owned subsidiary of Suzuki Motor Corporation in India, the National Dairy Development Board (NDDB), and the Banas Dairy have signed an agreement to set up the fifth biogas production plant in the state. The MoU conclusion ceremony was held on Friday at the Sanadar plant of Banas
Ludhiana: The revenue growth of the experimental dairy plant (EDP) at Guru Angad Dev Veterinary and Animal Sciences University (Gadvasu) has jumped to Rs 2.02 crore from 19.6 lakh within three years. Officials at the university attribute the transformative impact to value-addition, innovative practices, market strategies and relentless efforts of dedicated staff. Dr Inderjeet Singh,
Karnal: AI (artificial intelligence) technologies contribute heavily to sustainable dairy farming by optimising resource management. This was stated by the ICAR-National Dairy Research Institute (NDRI) Director, Dr Dheer Singh, while addressing a workshop on the application of AI and machine learning in the dairy and food industry organised by the Dairy Technology Division of ICAR-NDRI
To facilitate renewable energy technologies within the dairy value chain TP Renewable Microgrid, a wholly owned subsidiary of Tata Power, has entered into a Memorandum of Understanding (MoU) with the National Dairy Development Board (NDDB), renowned for its transformative impact on India’s rural economy through its cooperative dairy model. This collaboration aims to facilitate various
Parag Milk Foods has reported 27% rise in consolidated net profit to Rs 27 crore on a 1% increase in revenue to Rs 758 crore in Q1 FY25 as compared with Q1 FY24. The company said that its business has witnessed strong double digit volume growth of 10% YoY aided by healthy volume growth in
