
A new strategy from Uttar Pradesh seeks to leverage tax exemptions and grants to become a global agribusiness leader by 2047.
A bold new growth plan is underway for the dairy industry in Uttar Pradesh (UP), India, as the state government seeks to cement its position as a global leader. The article from The Times of India reports that Minister for Livestock and Dairy Development, Dharampal Singh, has outlined a strategy to create a favorable investment environment. This approach, which includes tax exemptions and grants, is a clear signal to the international agribusiness community that UP is serious about expanding its food supply chain and attracting major investment.
The report provides critical context and data journalism on UP’s current standing. The state already leads the country in milk production, with an annual output of approximately 387 lakh metric tons, which accounts for roughly 16% of India’s total milk production. The government’s goal is to not only maintain this lead but to significantly boost it, positioning the state to become the country’s leading exporter by 2047. This ambitious target is a key part of the state’s broader economic goal of reaching a one trillion dollar economy.
A crucial component of this plan is a series of GST concessions designed to benefit both consumers and the agribusiness sector. The article notes that UHT milk and packaged paneer have been made entirely GST-free. Additionally, the GST rates for products like butter, ghee, cheese, and dairy spreads have been slashed from 12% to 5%. Even chocolate and ice cream will now benefit from a reduced rate of 5%, down from 18%. These changes are designed to stimulate consumption and make dairy products more affordable.
The growth plan is also focused on job creation and rural development. The state aims to create over one crore jobs in rural areas, leveraging the massive potential of the dairy industry as a source of employment. The efforts of the Dairy Development Department are seen as vital to achieving this goal, as they are tasked with implementing the policies that will drive growth at every level, from the small farmer to large-scale manufacturers and distributors.
Ultimately, this report is a powerful case study in modern dairy economics, showcasing how government policy can be used as a direct tool for economic growth and industry development. The combination of financial incentives, strategic tax cuts, and job creation initiatives creates a comprehensive plan to strengthen the entire food supply chain. For the international dairy community, it is a clear indication that Uttar Pradesh is a key player to watch in the coming years.
Source: The Times of India, “Minister discusses growth plan for dairy sector”
You can now read the most important #news on #eDairyNews #Whatsapp channels!!!
🇮🇳 eDairy News ÍNDIA: https://whatsapp.com/channel/0029VaPidCcGpLHImBQk6x1F