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FICCI virtual event on dairy sector: Post-Covid-19 scenario on July 23
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Friday, 17 July, 2020, 08 : 00 AM [IST]
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Our Bureau, Bengaluru
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Federation of Indian Chambers of Commerce and Industry (FICCI) is organising an interactive session on Development of Indian Dairy Sector Post-Covid-19 Scenario on July 23, 2020. The virtual event will be held at 3 pm.
The key objective of this virtual dialogue is to bring together all key stakeholders to deliberate and suggest a future road map towards development of the Indian dairy sector in terms of attracting potential investments, evaluating emerging trends and opportunities, addressing ground level challenges, promoting entrepreneurship & value creation and so on in the Evolving Dairy Business of India.
The dairy sector plays a critical role in linking Indian rural households to consumers in the domestic and international markets. India has been the leading producer and consumer of dairy products worldwide with a sustained growth in the availability of milk and milk products.
However, with nationwide lockdown measures in place due to Covid-19 pandemic, disruption in demand-supply chains had an impact on dairy sector too. This sector faced initial hiccups in form of operational challenges such as transportation of material, shortage of workforce procuring milk and workforce restrictions to name a few during lockdown, according to the organisers.
The government announced several incentives and financial measures under the economic package for development of dairy sector. Further, Covid-19 seems to provide a plethora of opportunities for the sector with emerging trends of shift in consumer preferences to dairy-based protein, increased demand of immunity boosting products across value chain, record milk production & collection levels during the Covid-19 scenario in India. Thus, the tremendous potential offered by the dairy sector in terms of creation of value-addition products as a profitable business opportunity, can serve as an important tool for overall socio- economic development of the country, noted the organisers.
Atul Chaturvedi, Secretary, Animal Husbandry, Government of India, has agreed to join this virtual session and interact with the stakeholders, besides being the keynote speaker. He will provide the present scenario & challenges faced by the Indian dairy sector: Covid-19 Impact Assessment. Dilip Chenoy, secretary-general, FICCI, will give the welcome address.
The presentation on Indian dairy sector will be by Mohit Bhasin, partner, KPMG India, who will provide the Potential Implications of Financial Incentives and Reforms under Atmanirbhar Bharat Abhiyan. Dr R S Sodhi, MD, GCMMF (Amul), will speak on the Outlook for Indian Diary Sector-Identifying Emerging Business. Siraj Hussain, former Secretary, Ministry of Food Processing Industries, Government of India, will give an overview on the Opportunities & Recommendations. Dr Prashant Shinde, commercial director, dairy feed business, Cargill India, will address on Status of Dairy Feed Industry & Challenges Faced by Organised Feed Sector. It will conclude with a question and answer session moderated by Jyoti Vij, deputy secretary-general, FICCI.
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