Parag Milk Foods Limited, a dairy-FMCG company in India, has announced plans to raise Rs. 316 crores ($431m) by way of preferential issue of equity shares, foreign currency convertible bonds (FCCB) and the issue of convertible warrants.
Representatives from business associations, scientific institutions, and government agencies in Russia and India have agreed to deepen relations in agriculture while preparing for the third round of IRSED (the India-Russia Strategic Economic Dialogue),...
Parag Milk Foods Ltd., a manufacturer and marketer of dairy-based branded products in India, plans to add further value to its cheese and whey business through the introduction of high potential lactose products, thereby expanding its health & nutrition...
India’s Gujarat Co-operative Milk Marketing Federation Ltd., (GCMMF), which markets the Amul brand of milk and dairy products has registered a turnover of Rs. 38,542 crores ($5.1bn) for the financial year 2019-20, which ended on March 31, 2020.
The Indian Ice Cream Manufacturers Association (IICMA) and the Indian government have both moved to counter a rumor circulating online that ice cream and other frozen desserts could be responsible for spreading coronavirus.
India’s Cabinet Committee on Economic Affairs, chaired by Prime Minister Shri Narendra Modi, has approved the setting up of the Animal Husbandry Infrastructure Development Fund (AHIDF) worth Rs. 15,000 crore ($2bn).
Indian-based global analytics company CRISIL says revenue growth of the Indian dairy industry will be flat this fiscal because of weak sales of value-added products (VAP), a problem aggravated by the coronavirus pandemic lockdown.
Yoghurt brands in India will need to step up creativity and innovation in varying flavours if they wish to curry favour amongst local consumers, in a market where homemade yoghurt is rapidly gaining ground.