Indian Dairy Firms Team Visits Australia17 June 2014
INDIA - A delegation of Indian dairy companies is on a five-day long visit to Australia to promote trade and investment opportunities between the two countries.
The delegation includes cooperative and private dairy sector such as Amul, ITC, VRS Foods, Gopaljee Dairy, Lakshya Food, Amul, SMC Creamy Foods, Asad Farms, Deshpande Foundation and Kiaro Farms.
The visit is organized by one of India’s leading private banks, Yes Bank in association with the Australian Trade Commission (Austrade), a trade and investment promotion agency of the Australian government.
The visit comes at a time when India, despite being the world's milk producer, is facing many challenges, including of low milk yield and improper veterinary services.
"Due to these factors, Australia has become a lucrative destination to explore latest developments in dairy industry as well as for trade and technology transfer," a Yes Bank statement said.
Australia is the world's fourth largest dairy exporter with 2 per cent of global milk production at 9.2 million tonnes.
During the visit, Austrade has organised interactions with leading Australian dairy farming, processing technology, waste management, breeding and genetics companies, as well as research institutions in Melbourne during June 16-18 and in Brisbane on June 19-20, the statement adds.
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