Indore: Indore Sahakari Dugdh Sangh Maryadit, one of the milk unions under the MP State Cooperative Dairy Federation (MPCDF), in its annual general meeting on Friday decided not to hand over the Indore centre to the National Dairy Development Board (NDDB) as it is churning profit and giving the highest sale rate to farmers in the state.
In the 41st annual general meeting, the general assembly unanimously passed a resolution that since Indore milk union is continuously profitable, it should not be handed over to the NDDB.
“All the members have decided not to hand over the operations of Indore Cooperative Milk Union to NDDB because we are profit-making and running around 10 financial and economic support schemes independently for our farmers. We have proposed the state govt to not hand over operations of this centre to NDDB. Our net profit is rising and our turnover is projected to surpass last year’s figure,” said Indore Sahakari Dugdh Sangh Maryadit chairman Moti Singh Patel.
He said the Indore milk union has earned a net profit of Rs 13 crore in 2023-24.
In July, MPCDF had signed a memorandum of understanding (MoU) with the National Dairy Development Board (NDDB) to exchange technical expertise to strengthen the cooperative dairy sector and boost capacity utilisation of milk unions in Madhya Pradesh, especially those running in losses.
In the meeting, it was announced that the annual turnover of the Indore milk union for the year 2023-24 was Rs 658 crore and it is projected to jump to Rs 725 crore in 2024-25.
Patel announced an increase of Rs 40 per kilogram of fat in the milk purchase rate to Rs 770 per kilogram of fat.
The board also announced that the commission given to milk committees was increased from Rs 10 per kilo fat to Rs 12 per kilo fat. The milk union will bear 25% of the cost of the new automatic milk connection units purchased by the milk committees.
In the meeting, it was announced that the new milk powder plant set up on the premises of Indore milk union with a capacity of 30 metric tonne is expected to be operational from Nov 2024.
