Dairy Industry to get benefits from Budget 2016

Provisions for dairy products in budget 2016 will add value to the Dairy Industry

India: Benefits of connecting breeders with farmers through online channels, a growing focus on technology and research on the development of genes of breeds discussed in the Budget of 2016 will help in the growing the Dairy Industry. Currently, India’s Dairy Industry is not that advanced as the records of animals are not updated properly, absence of high quality breeds and avoiding local breeds. INR850 crore provision allocated in the budget will aid in improving breeding and increasing farmer profitability. This amount has to be spend on 'Pashudhan Sanjivani’, in next few years. This programme will focus on animal wellness, provisions for Animal Health Cards, developing advanced technologies for breeding and to develop online portals i.e. 'E-Pashudhan Haat' so that breeders can be connected with breeds which are good and healthy.

 

The National Genomic Centre will be identifying the less potential in the current breeds of India and letting the farmers know about the situations and this centre will also focus on the development of advanced breeding based Sexed Semen Technology.

 

E-Commerce platform will assist in getting rid of the middle men, which increase the monetary value of the breed in animal trading and ultimately improving the efficiency and affordability in Dairy Farming. There is a need to develop local breeds in India which can be done with advanced technology so these provisions will help in booming the industry. The focus is also needed on the Holstein Friesians cows which are owned by 90% of farmers, this move will increase the efficiency of existing farmers in India.

 

According to the recent report published by TechSci Research “India Dairy Products Market by Type, Competition Forecast and Opportunities, 2011 – 2021”, the market for dairy products in India is projected to grow at a CAGR of over 7% during 2016 - 2021. In 2015, North India dominated the country’s dairy products market, on account of increasing per capita consumption, rising youth population, introduction of value added dairy products, changing consumption patterns, and growing penetration of international participants. India dairy products market is witnessing a shift towards healthier products such as probiotic drinks, yogurts, etc. Few of the leading players operating in India dairy products market include Gujarat Cooperative Milk Marketing Federation Ltd., National Dairy Development Board, Karnataka Cooperative Milk Producers Federation Ltd., and Tamil Nadu Co-operative Milk Producers' Federation Limited, among others.