India

The company said the proceeds of preferential shares and warrants would be utilized to reduce short-term debt limits and enhance working capital for future growth.  Pic: Getty Images/kanzilyou

Parag Milk Foods launches growth funding plan

By Jim Cornall

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.

The National Dairy Producers Union of Russia (SOYUZMOLOKO) and the Ministry of Agriculture & Farmers’ Welfare of India held a video conference meeting this week.

India and Russia to strengthen cooperation in agriculture

By Jim Cornall

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),...

India, the biggest dairy producer in the world, is now self-sufficient. Pic: Getty Images/Ram Tekale

Amul aiming to be in top three global dairy companies

By Jim Cornall

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 government has announced loans of up to 90% for dairy-related projects. Pic: Getty Images/Ram Tekale

India sets up $2bn fund to include dairy sector

By Jim Cornall

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).

Sectoral resilience will ensure faster recovery in fiscal 2022, CRISIL said. Pic: Getty Images/Ram Tekale

Pandemic halts Indian dairy growth

By Jim Cornall

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.

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