Despite rising domestic prices, India's milk production remains the most competitive in the world. According to experts, the Indian dairy sector will experience strong growth and increased efficiency thanks to the entry of major 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 operate in the sector, including Reliance, Bharti, ITC, DCM, Coca-Cola, PepsiCo and Yakult-Danone, attracted by production costs among the lowest 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 both for multinational companies in the sector and for suppliers of production factors.
This is one of the many reasons to choose India as an export destination country. Italian dairy and dairy products are highly appreciated in the Indian country, and the ever growing wealthy population is starting to look carefully at products from abroad.
Octagona has had a direct presence in India for almost 10 years, with three offices located in Pune, Bangalore and New Delhi. If you want to receive free advice on India, our expert consultants on internationalization and present directly on Indian territory are at your complete disposal. Click on the button below and contact us: we will study the best solution together.
If, on the other hand, you want to stay updated on other topics in terms of Indian internationalization, continue reading our Magazine and subscribe to the newsletter. Every week you will find updates and news on Italian exports in your inbox.
Source: The Indian Express
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