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.