Parag Milk Foods Welcomes 10% Subsidy On Export Of Milk & Milk Products
The announcement of 10% subsidy on the export of milk and milk products will enhance competitiveness in the international market. This will further increase opportunities in the existing markets where the company operating as well as newer geographies to export from the bouquet of value-added milk products like cheese, butter oil, ghee, UHT milk and SMP. This duty drawback/export subsidy is available for a period of six months on the export of milk and milk products.
On this announcement, Mr Devendra Shah, Chairman, Parag Milk Foods asserted, “We expect this subsidy will lead to strong double-digit growth from exports business. The 10% subsidy is a positive move and will contribute in the growth of Indian Dairy Industry driven by high moral of farmers. The government of India should explore and further increase such benefits to support the Industry”.