Scope of milk & butter products supplier on Government e-Marketplaceby Estartup India Grow Business With Us
India is the highest producer of milk in the whole world. Due to this reason, India is also known as the 'Oyster' in the entire international dairy industry. There are ample opportunities for entrepreneurs all around. It may be a dream for any country on the planet to capitalize on the largest and fastest developing milk and milk products market. The dairy business in India has been witnessing quick development with liberalization. Our government is providing great opportunities for MNCs and foreign investors to release the maximum capacity of this industry. The primary objective of the Indian Dairy Industry is to manage the national resources in a manner to enhance milk creation and upgrade milk processing utilizing innovative technologies. The government department is now keen to source the stock of dairy products like Milk & butter from the supplier who has seller GeM registration on the Government e-Marketplace.
India has been the leading producer and consumer of dairy items worldwide since 1998 with a sustained development in the accessibility of milk and milk items. Dairy activities structure an essential piece of the country Indian economy, serving as a significant source of employment and income. India likewise has the largest bovine populace on the planet. However, the milk generation per creature is essentially low as compared to the other significant dairy producers. Moreover, nearly the entirety of the dairy produce in India is consumed domestically, with most of it being sold as liquid milk.
1. Importance of Government e-Marketplace for the dairy industry
Alongside offering profitable business opportunities, the dairy business in India serves as an instrument of financial development. Keeping this in view, the Government of India has introduced different schemes and initiatives aimed at the development of the dairy sector in the nation. In 2016, the government had launched the e-commerce portal called Government e-Marketplace. The sellers or manufacturers of the dairy products like Milk & butter can easily supply their products to the govt bodies easily if they have a GeM registration.
Government e-Marketplace (GeM), is a business-oriented platform, that assists in smart online procurement of Goods & Services required by the Government Departments, Organizations and PSUs.
1. 2.Overview of the dairy industry growth in India
The private entities involved in the Indian dairy sector have likewise increased over the previous few years. Both national and international players are getting more & more engaged in the dairy business, and this is all due to the expanding scale and potential of the Indian market. Looking forward, the market for the milk & butter products is expected to soar up to an estimated value of above INR 21,971 Billion by FY 2024-25. Besides, the aggregate value of CAGR is expected to reach around 16% during the years 2019-2024 itself.
1. 3. The priority of the milk products
The importance has been given more to value-added items, for instance, cheese, yoghurt, probiotic drinks, etc. These are additionally presenting innovative items keeping as major precedence to the specific requirements of the Indian consumers. These players are likewise improving their milk procurement network which is further encouraging the development of the dairy business in India.
1. 4. Preferred dairy products of the govt buyers
Through the GeM login, the government can easily source the much-required supplies of the dairy products such as milk & butter at various establishments like the following:
· Army canteens
· Canteens & mess at various govt departments
· Canteens or cafeterias at nationalized Banks
· Hospital cafeterias
· Govt schools that provide mid day meals and free milk to children
· Various Milk bars at highways run by the central or state govt
And, many more.
Mostly the government focuses on the procurement of the following dairy products from the sellers having GeM registration:
· Flavoured Milk,
· UHT Milk,
· Probiotic Products,
· Flavoured & Frozen Yoghurts,
· Dairy Whiteners,
· Skimmed Milk Powder,
· Ice Cream,
· Sweet Condensed Milk,
· Dairy Sweets and
So we can easily observe that the sellers and manufacturers of the milk & butter products have an immense scope of expansion of their business by getting easy GeM registration on the Government e-Marketplace.
Created on Jan 5th 2020 23:38. Viewed 224 times.