Investment in industryThis article was originally published in Foodnews
THE Indian government is aiming to boost the country's milk production by up to 80% by launching a national dairy plan with an investment of over INR170 billion (US$3.7 billion). The central government is currently working on a plan to increase milk production to around 160-180 million tonnes by 2021, according to agricultural minister Sharad Pawar. It is exploring the possibility of borrowing from the World Bank, but since the organisation cannot finance 100% of the project, the government is expected to take some responsibility, Pawar added. The proposed investment will be spread over five to six years. India produced an estimated 102 million tonnes of milk in 2007-08.