Financial Daily from THE HINDU group of publications
Friday, Mar 18, 2005

Port Info

Group Sites

Agri-Biz & Commodities - Dairy & Dairy Products

Madurai Aavin to invest Rs 4.36 cr for expansion

Our Correspondent

Madurai , March 17

THE Madurai Aavin has entered into an agreement with the State Director of National Dairy Development Board (NDDB) for an investment of Rs 4.36 crore for diary expansion, capacity expansion and market and manpower development.

According to the General Manager of Madurai Aavin, Dr A. Balasubramanian, the Commissioner of Milk Production and Dairy has approved the plan, drawn in co-ordination with the NDDB.

After the execution of the plan, the procurement of milk will get increased to 3 lakh litres from 1.5 lakh litres per day (LPD) by 2010.

And the capacity would be expanded from 50, 000 LPD to 80, 000 LPD.

The union contribution is Rs 1.74 crore. The NDDB contribution is Rs 2.57 crore towards strengthening the infrastructure and Rs 5 lakh as grant for manpower development.

These steps would help the union, which commands 70 per cent of the total milk market share in the organised sector, to procure and supply quality milk to consumers, he said.

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Commodity exchange brokers oppose plan to introduce turnover fee

Eight districts in Kerala record `excess' summer rainfall
AP: Crops damaged in hailstorm
3,200 ha wasteland brought under cultivation in Theni
Variety fare
Rubber prices likely to move up further
Panel urges uniform loan package for small tea growers
Spot gold may head higher
Madurai Aavin to invest Rs 4.36 cr for expansion
RBI okays loan to clear dues to cotton farmers
Dumping duty on poultry feed vitamin may go
Feather-derived plastic!
Turning hot
Iffco-Tokio to launch weather insurance for farmers soon
FICCI calls for tighter discipline in farm support measures

The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | The Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright 2005, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line