GST Council defers composition scheme for ice cream makers
The ice cream sector will have to wait to be included in the Composition Scheme of Goods & Services Tax, with the GST Council referring the matter back to the Fitment Committee. This issue is critica...Read More
PETA India advises Amul to switch to producing creamy dairy-free milk
Concerning demand for vegan food and beverages,PETA India called on Amul, an Indian dairy cooperative society, to realise which way the wind is blowing and switch to producing the creamy dairy-free mi...Read More
Dairies to log 5-6% growth this fiscal to reach 1.5 Lakh Crore this year
Revenue of the organised dairy sector in India, after churning to a decadal-low growth of ~1% last fiscal, is expected to grow 5-6% to Rs 1.5 lakh crore this fiscal. Healthy demand revival in value ad...Read More
Amul is cleared of blames by ASCI over its stand on integrity of milk label
Amul’s stand on ‘milk’ has been vindicated. The Advertising Standards Council of India (ASCI) has dismissed three complaints filed by animal rights organizations . Namely Beauty Without Cruelty (BWC),...Read More
Sunil Bansal Head of Patanjali Dairy group passed away due to Covid
Sunil Bansal, who headed the dairy business of Yoga guru Ramdev’s Patanjali Ayurved, died of COVID-19, the company said on Monday, adding it had no “role in his allopathic treatment.” Mr Bansal, 57,...Read More
ChickP Protein to expand company’s plant-based protein in Asia
Rehovot, Israel — foodTech start-up ChickP Protein, Ltd. is expanding into Asia Pacific . They have launched a new office in Singapore. The strategic move is in response to the rapidly growing demand...Read More
MoooFarm”s Co-founders selected for Forbes 30 under 30 Asia List
Gurugram based startup MoooFarm’s Co-founders Jitesh Arora, Abhijeet Mittal, and Aashna Singh are in news again. They secured a place in the most esteemed, recently announced Forbes 30 under 30 Asia l...Read More
Maharashtra govt eyeing dairy department’s assets for monetisation
This is a time when the Maha Vikas Aghadi (MVA) government is raising bonds to meet financial requirements. Concurrently , prime land parcels of state-owned enterprises appear as the most lucrative op...Read More
Milk prices in Karnataka to be reduced by Rs 1.50 per litre from June 1
Milk unions in Karnataka will be reducing the purchase price of milk from farmers by Rs 1.5/litre from June 1. They are doing it due to the decline in dairy consumption amid the pandemic-induced lockd...Read More
Amul will run existing dairy plants in AP and market milk in South India
The state government of Andhra Pradesh led by Mr Jagan Reddy has issued an order on May 19. This order approves the revival of unutilized dairy plants of APDDCF. GCMMF will acquire the unutilized asse...Read More
The proud son of a chauffeur in Amul will drive strategy at Country Delight
Hitesh Singh is a name which could make any parent in the world feel proud. Hitesh’s father works with the 8th largest dairy in the world Amul at Anand. Hitesh got his inspiration from Mr R S Sodhi MD...Read More
Heritage Foods strikes back with a Profitable bottom line in 2020-21
Heritage Foods achieved a revenue of Rs 2473.1 Crores in 2020-21 as against Rs 2725.9 Crore in 2019-20. The EBIDTA margins have improved to 11% from 5% in the previous year.The net profits have again...Read More