India’s Dairy Sector Offers Numerous Possibilities for Entrepreneurs Globally
Union Agriculture & Farmers’ Welfare Minister, Shri Radha Mohan Singh on the occasion of National Milk Day said that India is the ‘Oyster' of the global dairy industry with opportunities galore for the entrepreneurs globally. Since last 15 years, India continues to be the largest producer of milk in the world. This phenomenal increase is contributed to the several measures initiated by the Government of India to increase the productivity of livestock.
Shri Singh said that increasing the milk production significantly from 137.7 million tonnes in 2013-14 to 164 million tonnes in 2016-17. Milk production increased by 18.81% in 2016-17 when compared to 2013-14. Similarly, the per capita availability of milk increased from 307 gram in 2013-14 to 351 gram in 2016-17.
Annual growth rate of Milk Production during the period 2011-14 was 4%, which has increase to 6% during 2014-17. The annual growth rate of world milk production has increased by 2% during 2014-17.
On this occasion the Minister said that Livestock sector contributes significantly towardslivelihoods and security net for the landless and marginal farmers. About 70 million rural households are engaged in dairying in India with 80% of total cow population.
Milk with its varied benefits is the only source of animal protein for the largely vegetarian population of the country. Further, factors such as increased consumer interest in high protein diets and increasing awareness & availability of value-added dairy products through organised retail chains are also driving its demand. During last 15 years, Milk Cooperatives have converted about 20% of milk procured into traditional and value added products that offers about 20% higher revenue.This share of value-added products is estimated to increase to 30% by 2021-22.