Latest news with #WhiteRevolution2.0
Time of India
21-05-2025
- Business
- Time of India
Home minister Amit Shah backs sustainable, circular dairy economy
Union Home Minister Amit Shah NEW DELHI: Union home and cooperation minister Amit Shah Tuesday pitched for making the dairy sector more sustainable and environment friendly, and stressed on the need to ensure benefits of carbon credits to farmers. He was addressing a meeting on 'Sustainability and Circularity in the Cooperative Dairy Sector' where it was decided to set up three new multi-state cooperative societies for the dairy sector to focus on animal feed production, disease control and artificial insemination; developing cow dung management models; and circular use of dead cattle remains. Shah said as India moves towards White Revolution 2.0 , goal should not only be to expand dairy cooperatives and make them efficient but also to create an ecosystem of dairy that is sustainable and promotes a circular economy. He emphasised on adopting scientific models that can help farmers earn carbon credits by reducing emissions in dairy sector through sustainable practices. If such a model is developed, dairy farmers can earn carbon credits and trade it with other entities under carbon credit market mechanism in India. Shah said if farmers' income is to be increased, country must create network of integrated cooperatives where most work is done via mutual cooperation & collaboration.
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Business Standard
20-05-2025
- Business
- Business Standard
Govt to establish 3 multi-state cooperatives for dairy sector growth
The meeting was attended by Union ministers of state for cooperation Krishan Pal Singh Gurjar and Muralidhar Mohol, senior officials and heads of NDDB and NABARD Press Trust of India New Delhi The government on Tuesday decided to set up three new multi-state cooperative societies for the dairy sector to focus on animal feed, dung management and circular use of dead cattle residues. Cooperation Minister Amit Shah, who chaired a meeting on sustainability and circularity in the cooperative dairy sector, said the goal should be to create a sustainable dairy ecosystem that promotes a circular economy. "As we move towards White Revolution 2.0, our goal should not only be to expand dairy cooperatives and make them efficient and effective but also to create an ecosystem of dairy which is sustainable," Shah said. According to an official statement, the first society will work on animal feed production, disease control and artificial insemination, the second will develop models of dung management, and the third will promote circular use of dead cattle residues. Shah emphasised that carbon credit benefits should directly reach farmers through scientific models. He highlighted the need for integrated cooperatives to increase farmers' income. "We have to together travel a journey from 'Sustainability to Circularity' which will be multidimensional," he added. The meeting was attended by Union ministers of state for cooperation Krishan Pal Singh Gurjar and Muralidhar Mohol, senior officials and heads of NDDB and NABARD. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
United News of India
20-05-2025
- Business
- United News of India
Shah chairs meeting on sustainability and circularity in cooperative dairy sector
New Delhi, May 20 (UNI) Union Minister of Cooperation Amit Shah on Tuesday chaired a meeting on sustainability and circularity in the cooperative dairy sector and said that under the 'White Revolution 2.0' sustainable development and circular economy should be ensured in the cooperative dairy sector During the meeting, it was decided to establish three new multi-state cooperative societies for the cooperative dairy sector. The first society will focus on 'animal feed production, disease control and artificial insemination', the second will promote 'developing cow dung management models' and the third will promote 'circular use of dead cattle remains', an official statement said. Addressing the meeting, Shah said, "As we move towards White Revolution 2.0, our goal should not only be to expand dairy cooperatives and make them efficient and effective but also to create an ecosystem of dairy that is sustainable and promotes a circular economy. If farmers' income is to be increased, we must create a network of integrated cooperatives where most of the work is done through mutual cooperation and collaboration among cooperatives". He stressed the importance of ensuring that the direct benefits of carbon credits reach farmers through scientific models. He also highlighted the need to strengthen milk unions and cooperative societies and encourage food processing in dairy plants. Shah said, "We have to travel together from 'Sustainability to Circularity' which will be multi-dimensional and the work that the private sector is doing today will be done by the farmers' own cooperatives. This includes technical services, animal feed, artificial insemination, animal disease control, dung management and activities from collection to processing in dairy and agriculture related sectors". Referring to successful cooperative models like Amul, the Minister of Cooperation said that the vision of 'Sahkar Se Samriddhi' is being realised today and 'Cooperation among Cooperatives' is playing an important role in this. He said that the Ministry of Cooperation and the Ministry of Fisheries, Animal Husbandry and Dairying have brought all stakeholders together, so that now the work of policy making, financing, formation of village level cooperatives and making them multipurpose is taking place at a fast pace. The National Dairy Development Board (NDDB) has done very important work in the field of sustainability and the biogas and cow dung management programme developed by them is being expanded across the country. He said that this needs to be taken further. The meeting was attended by Union Minister of State for Cooperation Krishan Pal Gurjar and Murlidhar Mohol, Secretary of the Ministry of Cooperation, Ashish Kumar Bhutani, Secretary of the Department of Animal Husbandry and Dairying, Alka Upadhyaya, Chairman of the NDDB, Meenesh Shah, and Chairman of NABARD Shaji KV. UNI RBE RN
Time of India
28-04-2025
- Business
- Time of India
Instamart signs MoU with Ministry of Cooperation to strengthen quick commerce linkages for dairy sector
New Delhi: Instamart, the quick commerce arm of Swiggy, signed a Memorandum of Understanding (MoU) with the Ministry of Cooperation to boost market access for India's dairy cooperatives on Friday. The MoU was part of Instamart's 'Milky Ways: Legen-dairy Brands of India' initiative, launched in New Delhi, which spotlighted discussions around White Revolution 2.0, dairy cooperative growth, and the evolving retail landscape. 'Milk and dairy are one of the highest selling categories on Instamart. More than one-third of our orders have a milk or dairy component," said Shriharsha Majety, Co-Founder and Group CEO, Swiggy. "We are privileged to strengthen our ties with India's leading dairy cooperatives.' Highlighting the government's vision, Dr Ashish Bhutani, Secretary, Ministry of Cooperation, said, 'This collaboration is in sync with the Government of India's mission of 'Sahakar Se Samriddhi'. Quick commerce platforms are opening new avenues for dairy cooperatives.' India's quick commerce market is expanding at a CAGR of 24% and is projected to reach $35 billion by 2030. Dairy products — including milk pouches, curd, paneer, and butter — account for over 30% of daily orders in the quick commerce space, industry data shows. Milk and dairy brands such as Amul, Mother Dairy, and regional cooperatives have seen increased consumer access through quick commerce platforms. 'These channels have significantly increased our product reach, especially in areas where shops or markets may not be easily accessible,' said Manish Bandlish, Managing Director, Mother Dairy. According to Dr Meenesh Shah, Chairman and Managing Director, NDDB, quick commerce accounts for 4–5% of total sales of milk cooperatives, a figure expected to rise with urban expansion. 'Platforms like Instamart are helping smaller cooperatives reach wider audiences and enhancing farmer livelihoods," he noted. Instamart currently operates in around 110 cities, with demand patterns reflecting a strong reliance during non-peak retail hours. 'We often see spikes in demand for milk and dairy products post 11 am and after 8 pm, when neighbourhood stores run low on stocks,' said Amitesh Kumar Jha, CEO, Instamart. Beyond milk, sales of dairy cooperatives' value-added products like yogurts, ice creams, flavoured milk, and chocolates have risen sharply through quick commerce. 'Amul benefits from hyperlocal delivery and wider reach through partnerships like these,' said Jayen Mehta, MD and CEO, Amul. K S Mani, Chairman of Milma, added, 'MILMA's adaptation to quick commerce has helped us cater to time-pressed consumers and extend our reach in urban markets.' The government's White Revolution 2.0 initiative, launched last year, focuses on empowering women farmers, enhancing milk production, strengthening dairy infrastructure, and boosting exports — areas where digital innovation and quick commerce are seen as critical enablers. 'By leveraging quick commerce and digital platforms, we are building a stronger bridge between farmers, cooperatives, and modern consumers,' said Shri Chirag Paswan , highlighting the role of the sector in driving rural prosperity and innovation.
Mint
24-04-2025
- Business
- Mint
D2C dairy startup Country Delight in talks to raise $100 million
MUMBAI : Temasek-backed Country Delight is in early discussions to raise up to $100 million in a mix of primary and secondary transactions, three people familiar with the matter told Mint . 'The company has appointed Avendus to help with the process and the fundraiser will close in the next 3-6 months," one of the people cited above said. 'Some of the earlier investors are expected to sell in this round and the company is in talks with new investors to come on board," a second person said, adding that valuation details are not known yet. To be sure, shareholders sell their stake to other existing or new investors and no new capital is injected into the company in a secondary transaction. Such transactions generally take place at a discount to the primary shares. Country Delight and Avendus did not immediately respond to Mint 's requests for a comment. Last month, Country Delight secured about $25 million in an extended Series E round from Temasek at a valuation of $820 million, according to a report by Entrackr. According to another Entrackr report, it also ventured into the quick commerce segment by launching a pilot for its 10–15-minute delivery service in Gurugram in December. The company is expected to expand to other cities in the coming months, Entrackr said, citing sources. In October, Country Delight raised $25 million from Alteria Capital to fund its expansion, capacity building, and brand marketing efforts, marking the third infusion from the venture debt provider in 2024. Back in October, co-founder Chakradhar Gade had said the company was gearing up for its initial public offering (IPO) journey. 'As we scale our operations and prepare for our IPO journey, it is important for us to use various capital sources to improve financial efficiency and also set us up for the next phase of growth," Gade had said. Also read: Data dive: Have startups really missed the innovation bus? Its last sizeable round was in 2022 when it raised $108 million in Series D round at a valuation of $615 million led by investors including Venturi Partners and Singaporean private equity major Temasek, with participation from Asia-focused SWC Global and Trifecta Capital also bringing in fresh investment. Over the years, the startup has raised about $200 million across 18 rounds and also counts Matrix Partners, IIFL Asset Management, Elevation Capital, and Orios Venture Partners among its investors, as per data from market intelligence provider Tracxn. Also read: White Revolution 2.0 must ensure no child is left behind Founded in 2015 by Gade and Nitin Kaushal, Country Delight operates in the milk products and fresh produce category with its own branded offering. The startup currently serves nearly 1.5 million users across 15 cities in India. It operates under a daily subscription model serving its customers fresh cow & buffalo milk, curd, ghee, paneer, bread, and eggs among others. In FY24, Country Delight posted a revenue of ₹ 1380 crore, a 46% increase from a year earlier, according to a report by the ARC. The report added the growth was driven mainly by increase in subscribers and sales of non-dairy products such as fruits, vegetables, eggs, and pulses. It was also powered by high quality produce with ease of engagement and a robust distribution network for predictable home deliveries. It aims to further strengthen its supply chain capabilities and expand across different parts of India.
