New Delhi: India’s dairy business is set to grow 30 trillion by 2027, as the central government takes steps to boost dairy cooperatives, National Dairy Development Board (NDDB) chairman Minesh Shah said on Tuesday.
“The present value of Indian dairy business is close” 13 trillion. We expect it to more than double in the next five years and get closer to 30 trillion by 2027,” he said.
Addressing the session on the future of dairy industry at the IDF World Dairy Summit 2022, Union Minister for Fisheries and Animal Husbandry Purushottam Rupala said that there is an initiative in the country to help the stakeholders in the dairy business to take this sector to the next level. Strong organizational structure.
“We all know how dairy cooperatives have played a vital role in India’s emergence as a global dairy powerhouse. The government in association with the National Dairy Development Board (NDDB) is committed to further promote dairy cooperatives as the country is bound to earn more profits in dairy production.”
While the dairy sector will maintain an average growth rate of 15%, some of its value-added verticals like organic milk, paneer, flavored milk, lassi, will be growing at more than 20% rate. “These products are poised to accelerate the growth of the Indian dairy sector in the years to come,” he said.
Amul Managing Director RS Sodhi said, “Currently, we are producing 23% of the total global production. By 2045, this may well increase to 47%,” he said.
Rupala said that value addition in India will define the trend in the future, adding that the government is committed to helping stakeholders not only in increasing production, but has also put in place regulations at par with global standards to ensure the nutritional value of consumers. milk products.
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