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BFSI Chronicle, 11 Edition September2022
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ndia is the largest milk producer contributing country has grown at a compound annual growth
nearly 23% of global milk production and ranked rate of about 6.2 percent to reach 209.96 mn tonnes
I1 in milk production. Milk production in the in 2020-21 from 146.31 mn tonnes in 2014-15.
st

The top 5 milk-producing states are:

 Uttar Pradesh (14.9%, 31.4 MMT).

Rajasthan (14.6%, 30.7 MMT).

Madhya Pradesh (8.6%, 18.0 MMT).

Gujarat (7.6%, 15.9 MMT) and

Andhra Pradesh (7.0%, 14.7 MMT).

India’s Best and Cleanest Dairy Farm

Dairy products are the essential part of the human of $ 1.4 Bn to support the creation of global food
diet across the world. It offers an abundance of manufacturing champions commensurate with
nutrients in the form of calcium, minerals, and India’s natural resource endowment and to encourage
proteins. But, in India, dairy products usage goes Indian brands, particularly for the food products in
far beyond the dietary and nutritional requirements. the international markets.
Usually in Hindu mythology and Hindus consider
cows to be sacred embodiments of the goddess Potential for Milk and Milk related Products:
Kamdhenu. The Rigveda, written around 1,700 BCE,  By 2022 a goal is to achieve a liquid milk
mentions the use of milk and other dairy products in production capacity of 255 MMT
the Indian subcontinent. This, in part, has led India
to be one of the leading producers and consumers of  VAPDs like butter are projected to grow @ 5.3%
milk in the world. CAGR from 2019-2025.

The Department of Animal Husbandry & Dairying  Dairy is the single largest agricultural
and The Government of India in June 2020 jointly commodity contributing 5% of the national
announced a $ 2.1 Bn infrastructure development economy, witnessing 6.4% (CAGR) in the past
fund with an interest subsidy scheme to encourage 5 years.
investment by MSMEs and private players in
dairy, meat processing, and animal feed plants, Government Support:
and in return, it is expected to generate 3.5 million Dairy Processing and Infrastructure Development
employment opportunities. Fund: The scheme aims to provide subsidized loans @
6.5% to capital stressed milk cooperatives, mainly for
The Ministry of Food Processing Industries (MoFPI) replacing their decades-old chilling and processing
has provided detailed guidelines on operational plants and addition of value-added product plants.
schemes and has implemented an online portal
for ‘Production Linked Incentive Scheme for Food Animal Husbandry infrastructure development fund:
Processing Industry (PLISFPI)’ with an expenditure This scheme aims to increase meat processing capacity

The Institute Of Cost Accountants Of India

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