According to Amul Managing Director R S Sodhi, India's milk production would increase three-fold to 628 million tonnes over the next 25 years, with an average annual growth rate of 4.5%.
According to the MD of Gujarat Cooperative Milk Marketing Federation (GCMMF), which markets dairy products under the Amul brand, the country's milk production was 210 million tonnes of milk in 2021.
During a presentation on the prospects of the Indian dairy sector for the next 25 years, he mentioned that milk production in India is expected to increase at a CAGR of 4.5% to reach 628 million tonnes.
Sodhi was speaking at the opening ceremony of the IDF World Dairy Summit 2022 at India Expo Centre & Mart, Greater Noida on Monday.
According to estimates, India's contribution to global production will increase from 23% to over 45% during the next 25 years. The growing population will also lead to a rise in demand, Sodhi added.
The Amul MD further said that the demand for milk is predicted to increase by 517 million tonnes over the next 25 years, leaving a surplus of 111 million tonnes for export.
Sodhi said milk availability per person in India would rise from 428 grams per day in 2021 to 852 gram per day in the next 25 years.
He emphasized that the world's most effective supply chain is found in the dairy industry in India. When compared to the global average, the expenses of packaging and transportation costs for supplying milk to consumers are quite less.
Highlighting the success of the Indian dairy sector Yesterday, Prime Minister Modi also said that the country’s milk production is growing at a rate of 6 percent per annum as against the global growth rate of 2 percent.
The Prime Minister emphasised that unlike other developed countries of the world, the driving force of the dairy sector in India is small farmers. India's dairy sector is characterized by "production by masses" more than "mass production".
He further said that India is the largest milk-producing country on the basis of the efforts of these small farmers with one, two or three cattle, and dairy sector also provides employment to more than 8 crore families in the country.
