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Dairy Industry Of India

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The dairy industry plays an important role in the socio-economic development of India. The dairy industry in India is instrumental in providing cheap nutritional food to the vast population of India and also generates huge employment opportunities for people in rural places.

The Department of Animal Husbandry, Dairying, and Fisheries, which falls under the central Ministry of Agriculture, is responsible for all the matters relating to dairy development in the country. This department provides advice to the state governments and Union Territories in formulating programmes and policies for dairy development. It also looks after all the matters relating to production and preservation of livestock farms (cattle and sheep). To keep focus on the dairy industry a premier institution known as the National Dairy Development Board was established. This institution is a statutory body that was established in 1987. The main aim to set up the board was to accelerate the pace of dairy development in the country and attract new investments.

India is a wonderland for investors looking for investment opportunities in the dairy industry. The dairy industry holds great potential for investment in India and promises high returns to the investors.

The reasons why the industry has huge potential for attracting new foreign investment are:

1.There is a basic raw material need for the dairy industry; that is, milk is available in abundance.
2.India has a plentiful supply of technically skilled laborers.
3.There is an easy availability of technological infrastructure.
4.India has all the key elements required for a free market system.

There are different sectors within the dairy industry that promise great business investment opportunities:

Biotechnology:
1.The Indian cattle yield less milk as compared to their foreign counterparts. The Indian cattle breeders are on the lookout for ways to improve their milk yield through cross-breeding. Thus, there is a huge potential available for foreign investors to invest in dairy cattle breeding of high-quality buffaloes with hybrid cows.
2.There is also great scope for investment in different dairy cultures, including dairy biologics, enzymes, probiotics, and other coloring materials for food processing.
3.Producing biopreservative ingredients based on dairy fermentation, such as pediococcin, aciophilin, bulgarican, and Nisin contained in dairy powder, also promise great investment opportunity.

Dairy/Food Processing Equipment:
Great potential lies for foreign investment for manufacturing and marketing of cost-effective, top-quality food processing machinery.

Food Packaging Instruments:
There is a tremendous investment opportunity for foreign investors in the manufacturing of both machinery and packaging materials that aid the development of brand loyalty and gives a clear edge in the marketing of dairy products.

Retailing:
Retailing of dairy products also promises great investment opportunities for standardization and upgrading dairy products in the main metropolitan cities.

Manufacture of Ingredients:
Several ingredients are involved in the making of different dairy products like ghee, condensed milk, and cheese. Manufacturing of ingredients for these products offers a great potential for foreign investment in India.

Finished Products:
There is a great scope for investment in the manufacturing of finished dairy products such as cheese sauce and cheese powders.

Technically Advanced Manufacturing Units:
There is a great opportunity for foreign investors to invest in establishing manufacturing units for dairy products. The investors can build world-class manufacturing units and let them for hire. Building manufacturing units supports specialized dairy-related activities, such as cheese slicing, cheese packaging, butter printing, and dicing lines, which hold greater potential over other activities.

Thus, the dairy industry in India has huge investment opportunities in a variety of sectors. The investors are all set to gain profitable returns on their investment.

Investment In Shipping Industry Is Profitable

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Shipping industry is the backbone of global trade and has now freed itself from clutches of the recession and downturn. According to shipping analysts the future looks bright for the shipping industry in India. The continuing investment in new ships and commitment for development of its infrastructure and network will make it a more contributing sector towards economic growth.

According to the recent news, Indias shipping tonnage crossed 10 million GT mark in the last year. Indian Registrar of Shipping (IRS) has also got membership in International Association of Classification Societies (IACS). The ministry of shipping said that the capacity of major ports has increased from 574.77 million tonnes as on March 31, 2009 to 616.73 million tonnes as on March 31, 2010. The Indian tonnage crossing the 10 million is a truly creditable performance and this indicates the optimistic future prospects of shipping industry. The INSA member said that the achievement of getting IRS the membership of IACS is a turning point of countrys maritime industry.

As the operating environment of shipping industry appears to be promising, Indian shipping administration is making considerable efforts for the development of this sector. In order to build a strong platform for driving long-term growth in shipping sector, an increase in governments thrust on shipping and port sector can be seen. Indian Marine Casualty Investigation Cell has been established to investigate marine causalities such as sinking or collision of vessels, groundings or death or injury omission reports of seafarers. The shipping industry is anticipating rapid growth and considerable interest from investors.

Pacific Tycoon is a leading investment management firm that offers investors an excellent opportunity to invest their money in the most promising sector of shipping and earn excellent profits. It provides various investment plans such as 12% guaranteed return and Aggressive plan which offers more than 30% return on shipping investment. Avail yourself of the benefits of their high yield investment opportunities and earn very good profits. For more details, please browse through www.pacifictycoon.com.

Five Emerging Trends for the Insurance Industry

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Five Emerging Trends for the Insurance Industry
Over the past few months, I have delivered a number of insurance oriented keynotes and, later this week, Ill be addressing a conference on Emerging Technologies for the insurance industry. While I cover a wide variety of trends in the information technology, biotechnology and nanotechnology sectors, here are five trends already impacting the insurance industry and which will only grow more prevalant over the coming years:

1. Genomics: Since 1998, the price of sequencing a base pair of genes has plummeted 100 million-fold. An individual can now have his or her genome sequenced for about $10,000. Obviosly, this still isnt practical or affordable for the average person but the price will soon decrease to $1000 and then $100and eventually even lower. The impact on human health will be profound and the implications for the insurance insurancein terms of life expectancy alonewill be immense.

2. Gaming Dynamics: The ability for smartphones to monitor everything from a persons heart rate and blood pressure to their glucose levels is impressive. To date, however, most of this data was just collected and then transferred wirelessly to healthcare providers who helped the patient make sense of it. This is about to change and gaming dynamics will lead the way by providing users new ways to engage, interact and, ultimately, control their own healthcare. Imagine, for example, receiving a lower insurance rate because you could verify that you exercised for 40 minutes and burned 400 calories. The potential for gaming dynamics to unleash new, innovative business models for the insurance industry is real.

3. Locational Intelligence & Pervasive Connectivity: Due to the exponential advancement of GPS technology and sensors, it is now possible to know a persons location to within a few feet. While this has made it easier for the “directional-challenged” to find their friends house a little quick, the technology is poised to revolutionize the insurance industry by making it feasible to monitor a persons driving habits. For instance, if a person is going too fast, braking too suddenly or driving or parking in a crime-ridden area, itll be possible to adjust that persons insurance rates accordingly. Undoubtedly this raises significant privacy concerns which might ultimately doom the technology, but it is just as feasible that cost-conscious consumers will be willing to provide access to such information in return for lower rates.

4. Computational Analytics and Data Mining: When a mild earthquake hit Washington, DC this past August, the first Twitter report reached New York 40 seconds ahead of the quakes shock waves. An impressive feat to be sure but itll pale in comparison to the type of information that will soon be delivered by data-mining Twitter and numerous other social networking sites. Officials at Southeastern Louisiana University recently reported they could track influenza outbreaks by collating the rise of Twitter texts from people complaining about flu symptoms. Other researchers have discovered there is a strong correlation between a persons physical health and the health of their friends. One future possibility is that publically-available social network data can be data-mined by insurance companies to offer discounted rates to individuals who travel in healthier social circles. (Again privacy concerns and regulations may prevent such uses but, then again, maybe not.)

5. Hyper-Personalization: The foundation of the insurance industry is based on the idea of pooling risk. This strategy has worked well for centuries but in the not-to-distant future it is entirely possible that many individuals will prefer to be insured based on their individual actionsand not the statistical average of a large group. This is especially true if the person in question is healthier, a better and safer driver, and cost-conscious to the point that they arent concerned with sharing certain data with the insurance provider in return for securing a lower premium for themselves.
This future is coming. The only question is whether you, your business, your association or your industry is ready.

His latest book is Higher Unlearning: 39 Post-Requisite Lessons for Achieving a Successful Future.

A Study On Indian Jute Industry

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Jute, also called the ‘Golden Fiber’, is the most useful and versatile fiber gifted to human being by the nature. Jute is popular for its ability to use in various forms in handicraft industry. The industry contributes greatly in countrys economy and has potential to propel the economy at least for next few decades. Jute industry alone provides direct employment to approximately 0.26 million people, and about 4.0 million people are associated indirectly to the industry. In total, the labour intensive industry engages more than 4.35 million people into it. Realizing its major contribution and important role in the Indian economy, the Government has decided to pay special attention to the industry in its National Common Minimum Programme. Keeping the industrys increasing contribution in consideration, the Government then started the “Jute Technology Mission” to benefit jute growers, the workers, jute manufacturers, exporters and others engaged in the sector. The programme has helped in Industrys modernization and to reap profits from export and other enhanced level of jute diversification.

A great number of the Indian Jute manufacturers have set up their Mills in the states of West Bengal, Assam, Andhra Pradesh, Orissa, Uttar Pradesh, Tripura, Bihar and Chhattisgarh. At present, there are 78 jute mills planted in India out of which 61 are located alone in eastern region of West Bengal. Among all jute mills, 64 are owned privately by Indian manufacturers and exporters, 6 of them are owned by central government, the state government owns 4, and only 2 of the mills are under cooperatives. Jute industry alone accounts for an annual turnover of Rs 6,500 crore and the value of export of total jute products is nearly Rs1000 crore. Some organizations have been formed to put a control on Indian jute industry. These include National Centre for Jute diversification (Kolkata), Jute Manufacturers Development Council (Kolkata), National Jute Manufacturers Corporation, Jute Corporation of India Ltd. (Kolkata), Birds jute & Exports Ltd., Institute of Jute technology (Kolkata), and Indian Jute Industries Research Association (Kolkata).

India is the largest producer of raw jute as well as finished good products. Jute Yarn, Jute Webbing, Jute Hessian Bags, Jute Hessian Cloth also called Burlap Cloth, Jute Geotextiles and Soil Savers are the products dominating the export arena. It became possible due to the availability of cheap and skilled labours in India, and the availability of entrepreneurial skills too. Some of the major Indian manufacturers and exporters of jute and jute products are following:

The East India Jute & Jute Hessian Exchange Ltd
National Centre for Jute Diversification
The Jute Corporation of India Ltd
Gunny Traders Association
Calcutta Jute Fabrics Shippers Association
Calcutta Laminating Industries
Ashim Kar & Industries Pvt. Ltd.
A One Jutex International

As a matter of fact, jute industry is one of the biggest industries which Indian economy greatly relies upon. Apart from having huge export potential, the jute manufacturing companies cater to the domestic market as well. However, the industry is facing some big challenges in its growth such as high production cost and poor supply chain management. With markets and competition going global, India is still practicing the primitive methods of manufacturing jute products. The products made are costlier and are exported at higher rates as compared to other Asian countries, especially Bangladesh which is the biggest threat to Indian Jute Industry. Multi unionism is one of the problems faced by the industry and engages major concentration of routine management in resolving labour dispute. Despite being a mother Industry, Indian jute industry has emerged as a huge decentralized and unorganized sector in the current scenario.

The Textile Industry Part V

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Government Policies

Introduction

The Indian Textile Industry is looked upon as one of the largest industries in the world. The Ministry of Textiles in India has introduced several policies and schemes targeting the growth of this sector. Some of them listed here include:

Insight into Indias National Textile Policy

The National Textile Policy was devised bearing in mind the following objectives:

Boost the growth of the textile industry in India and nurture and fix its position in the global arena as a leading manufacturer and exporter of clothing.

To cut down imports of the domestic market.

To infuse competitive spirit by liberalizing stringent controls

Promoting Foreign Direct Investment and R&D in this sector

Focus on diversification and up gradation taking into account the environmental concerns.

Evolvement of a firm multi-fibre base; and developing the skills of the weavers and the craftsmen in the process.

The goals set to meet the following targets:

The Technology Up gradation Fund Scheme should be executed in a focused manner.

The garment industry should be eliminated from the list of the small scale industry sector.

The handloom industry should be prompted to flex its muscles and embark into foreign ventures to compete globally. The National Textile Policy is also working towards streamlining the availability and the productivity of quality raw materials. Due care is being taken to control the unstable prices. Special measures are being undertaken to raise the level of Indian silk to the International Standards.

Preamble

To know the purpose of the industry and to cater to peoples most basic requirements and promote sustained growth and thereby enhance the quality of living.

To recognize textile industry as an independent industry, from manufacturing raw materials to delivery of finished products, and its significant contribution to the economy as a whole.

To appreciate its vast potential for generating employment opportunities in noteworthy sectors like agriculture, organized sector, urban and rural areas, decentralized sector especially for women and differently abled.

To identify with the Textile Policy of 1985 which saw annual growth rate climb by 7.13 percent, textile exports by 13.32 percent and per capita availability of fabrics by 3.6 percent.

To evaluate the issues and problems confronted by the textile industry and strategies outlined by experts for this specific purpose.

To manufacture good quality clothing and cater to the demands of the people with reasonable prices.

Important areas

The government of India in an endeavor to promote textile industry laid emphasis on several areas, which are mentioned below:

Pioneering Marketing Strategies
Improvisation in technology
Alteration in Products
Quality Consciousness
Improvement in the quality of raw materials
Increase in productivity
Increase in exports
Finance Planning
Generation of Employment Opportunities
Human Resource Development

Pioneering Efforts

Government of India has laid down certain targets thatll help build and promote textile industry of India. To attain the aforesaid targets, dogged efforts are being made in the following direction

All manufacturing segments of textile industry will be governed by TUFS (Technology Up gradation Fund Scheme)

Enhance the quality and productivity of cotton. The aim is to enhance 50 percent productivity and sustain quality of international standards.

Set up the technology mission on jute with an objective to enhance cotton productivity of the country.

Inspire private organization to offer financial support to the textile industry.

Encourage private players to establish world class textile industry.

Persuade handloom industry for producing value added items.

Persuade private sectors build up world class textile industry and then embrace various textile processing units scattered in various parts of India.

Restore functions of the TRA(Textile Research Associations) and start giving importance to research works

Insight into the Government policy in terms of cotton and man-made fiber

One of the primary aims of the government policy is to improve the quality and the productivity of cotton and man-made fibre. Ministry of Agriculture, Ministry of Textiles and cotton growing regions are mainly responsible for achieving the target. .

Other important areas for textile industry

IT sector

The IT industry plays a paramount role when it comes to development of textile industry in India. The IT industry has laid down a sound commercial network for the textile industry to prosper and grow.

HRD sector

Optimum utilization of human resources helps build the textile industry to a large extent. Government of India has laid out some effective strategies to optimize its utilization in support of the textile industry.

Financial Planning

Government of India is also prompting talented Indian Designers and technologists of India to work for the Indian Textile Industry and is also planning to establish a venture capital fund in collaboration with financial establishments.

Indian Textile Acts

Some of the important acts with respect to the textile industry include:

Central Silk Board Act, 1948
The Textiles Committee Act, 1963
The Handlooms Act, 1985
Cotton Control Order, 1986

Under the Textile Undertaking Act, 1995 Government of India is trying its best to offer pertinent facilities so as to exploit the sector to its full potential and achieve the said target. The industry is presently growing at the rate of 9-10 percent and is estimated to grow at the rate of 16 percent in value. The clothing and manufacturing sector is expected to grow at the rate of 21 percent in value terms.