Despite rising domestic prices, milk production in India remains the most competitive in the world. According to experts, India's dairy sector will experience strong growth and increased efficiency due to the entry of large players.
Indian milk production accounts for more than 15% of world output and 40% of Asian output. It is growing at a rate of 4% per year, far from the recent global average of 1-2%. Several corporate giants, including Reliance, Bharti, ITC, DCM, Coca-Cola, PepsiCo and Yakult-Danone, operate in the sector, attracted by some of the lowest production costs in the world.
The value of the Indian dairy market is expected to double by the year 2011 and reach 80 billion euros. This growth represents a great opportunity for both multinational dairy companies and input suppliers.
This is one of the many reasons for choosing India as an export destination country. Italian dairy and dairy products are highly valued in the Indian country, and the growing affluent population is beginning to look with an eye toward products from abroad.
Octagona has had a direct presence in India for almost 10 years, with three offices present in Pune, Bangalore and New Delhi. If you would like to receive a free consultation on India, our consultants who are experts in internationalization and present directly on the Indian territory are at your complete disposal. Click on the button below and contact us: we will study together the best solution.
If, on the other hand, you want to stay updated on other issues in Indian internationalization, keep reading our Magazine and subscribe to our newsletter. Every week you will find updates and news about Italian exports in your mailbox.
Source: The Indian Express
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