A Report On Dairy Sector
Thanks to “Operation Flood”, India today stands first in the world in terms of milk production .The output is expected to be about 108 million tonnes (estimate for 2007), growing at a compounded annual growth rate of 4%. Consumption of milk has registered a growth of nearly 8.4% (in urban areas) and is currently valued at US$ 16 billion.
Within India, the dairy sector also ranks second in terms of processed foods with 37% of the produce being processed. The organised sector processes an estimated 15% of the total milk output in India. There are 676 dairy plants registered with Government of India, which come under the organised sector.
According to estimates of “Dairy India 2007”, the current size of the Indian dairy sector is US$ 62.67 billion and has been growing at a rate of 5% a year. Both production and consumption of milk and its derivatives are traditionally high in the country. The dairy exports in 2007-08 rose to US$ 210.50 million against US$ 113.57 million in the corresponding period, in the last fiscal, whereas the domestic dairy sector is slated to cross US$ 108 billion in revenues by 2011.
Ref: http://www.osec.ch/internet/osec/de/home/export/countries/in/export/economic_report.-RelatedBoxSlot-15131-ItemList-36159-File.File.pdf/India%20-%20Food%20Processing%20Industry.pdf
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