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YES BANK in Collaboration with Australian Trade Commission Organizes a Dairy Delegation to Australia

  • 17 member high profile delegation from India representing 11 leading organizations to visit Australia during June 16-20,2014
  • Participating organizations include ITC , Amul , VRS Foods ( Paras Dairy), SMC Creamy Foods, Gopaljee Dairy among others
  • Delegation to interact with leading Australian dairy farming, processing technology, breeding and genetics companies, as well as research institutions
  • Delegation to explore tangible collaboration avenues to build lucrative synergies for Indian entities with their Australian counterparts

YES BANK, India’s fourth largest private sector Bank, in association with the Australian Trade Commission (Austrade), trade and investment promotion agency of the Australian Government, is organizing a dairy delegation to Australia during 16-20 June 2014. The visit is aimed to facilitate cooperation between India and Australia in the areas of Agri-Dairy business services, including Dairy Technology & Automation, Pasture & Grazing Management, Crop Soil & Water Management, Modern Dairy Farm Management, as well as milk processing & dairy products and education & training.

Speaking on the occasion, Rana Kapoor, Managing Director & CEO, YES BANK said, “There is an imminent need to adopt an innovative approach to dairy farming models in India so that they are sustainable, inclusive and scalable in nature. YES BANK’s delegation to Australia is part of the Bank’s continued commitment to promoting the development of Indian Agriculture and Dairy sectors. This sector offers several lucrative synergies and joint development opportunities between Indian and Australia, which is a global leader in the Dairy sector. The YES BANK delegation will foster avenues for technology transfer and increased investment & cooperation with Australia.”

The YES BANK delegation comprises key people from cooperative and private dairy sector companies in India. The participating companies/institutions include ITC, VRS Foods ( Paras Dairy), Gopaljee Dairy, Lakshya Food, Amul, SMC Creamy Foods, Asad Farms, Deshpande Foundation, Kiaro Farms and. During this 5-day visit, Austrade has organized interactions with leading Australian dairy farming, processing technology, waste management, breeding and genetics companies, as well as research institutions in Melbourne during 16-18 June 2014 and in Brisbane on 19 & 20 June 2014.

India is the world’s largest milk producer accounting for approximately 18% (139 million tons) of the world’s total milk production. The per capita availability of milk has increased from 176 grams per day in 1990-91 to 290 grams per day in 2011-12, comparable with the world’s milk per capita availability of 289 grams per day for 2011. Average productivity of Indian cattle stands at 1,170 litres per year. Strong farm gate prices supported by growth of the Indian economy and the rising domestic demand for value-added dairy products are factors contributing to increased milk production. The annual demand for milk and milk products is growing at 6% to 7% by volume and industry estimates demand to reach around 200 million tons by 2021-22. Despite this growth, Indian dairy industry is still facing challenges of low milk yield, lack of infrastructure, improper veterinary services and rising feed/fodder cost.

With only 2% of global milk production (9.2 million tons), Australia is the world’s 4th largest dairy exporter accounting for 7% of world dairy trade. The dairy industry is the country’s third largest rural industry with a national herd size of 1.6 million cows and 40,000+ people directly employed on dairy farms and plants. The per capita consumption of drinking milk in Australia is 107 litres. International comparisons indicate that Australian farms operate with low cost of production and average annual milk yield per cow is 5,525 litres. Due to these factors Australia has become a lucrative destination to explore latest developments in the dairy industry as well as for trade & technology transfer.

The YES BANK delegation will help in promoting the various trade and investment opportunities, as well as in exploring tangible collaboration avenues in dairy technology, processing & farming, for Indian entities with their Australian counterparts.

About YES BANK

YES BANK, India’s 4th largest private sector Bank, is the outcome of the professional & entrepreneurial commitment of its Founder, Rana Kapoor and its top management team, to establish a high quality, customer centric, service driven, private Indian Bank catering to the future businesses of India. YES BANK has adopted international best practices, the highest standards of service quality and operational excellence, and offers comprehensive banking and financial solutions to all its valued customers.

YES BANK has a knowledge driven approach to banking, and a superior customer experience for its retail, corporate and emerging corporate banking clients. YES BANK is steadily evolving as the Professionals Bank of India with the long term mission of “Building the Best Quality Bank of the World in India” by 2020.

For media queries, please contact:

YES BANK
Jitesh Patel
Ph.: +91 9820813570
Email: jitesh.patel@yesbank.in

Perfect Relations
Anil Mathew
Ph.: +91 9820480317
Email: amathew@perfectrelations.com

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