Dairy sector hopes to attract Rs 60,000 cr, create 10 mn jobs over 5 years

FM had reported an objective of multiplying the yearly milk handling ability to 106 MT, from the current 53 MT in five years

The nation’s dairy division would like to see up to Rs 60,000 crore of new speculation and production of 10 million employments in five years, in the wake of the Union Budget recommendations. The account serve had reported an objective of multiplying the yearly milk handling ability to 106 million tons, from the current 53 million tons (or from 140 million liters every day to 300 million) in five years.

“To process this gigantic limit, the industry requires between Rs 20 and 40 crore speculation for each 100,000 liters of preparing. Accordingly, the segment would draw in a crisp speculation of in any event Rs 60,000 crore. As each 100,000 liters of milk generation makes 6,000 new openings, the segment will see 10 million new openings by 2025,” said R S Sodhi, overseeing executive, Gujarat Cooperative Milk Marketing Federation, holder of the Amul brand.

The Karnataka Milk Federation (‘Nandini’ brand) has begun examining the potential for a processing unit in the Mumbai area, setting aside Rs 200 crore for the proposed expansion. “We recently launched the Nandini brand of cheese to institutional buyers like hotels, restaurants and other bulk consumers in Maharashtra. We have started looking for sites near Mumbai (for a milk processing unit) to support supply of our Nandini brand, of milk and processed products, from local sources. Currently, we supply milk and its derivatives from Karnataka to consumers in Maharashtra,” said B C Sateesh, managing director…