Netherlands, October 18, 2016: YES BANK, India’s fifth largest private sector bank and Embassy of the Kingdom of Netherlands in India jointly released a study on Indian Dairy sector titled ‘Dairy Sector in India: Opportunities in Key States and Products’. The report was unveiled by the Secretary, ADF, Ministry of Agriculture, Government of India in the presence senior officials from the Government of Netherlands and the Dutch Dairy Centre of at a Press Conference held at the Netherlands, on the sidelines of the World Dairy Summit.
The Study provides an in-depth overview of the Indian dairy market and captures key potential opportunities across the post-harvest dairy value chain, both in terms of geographical as well as product-based opportunities. YES BANK and Embassy of the Kingdom of Netherlands in India hope that the study paper will be of immense value to all stakeholders in the dairy sector both in India & The Netherlands and will help in recognizing the vast potential for collaboration between the two countries, and further catalyze a strong Indo-Dutch partnership in the Dairy sector.
Speaking about the launch, Mr. Rana Kapoor, MD & CEO, YES BANK and Chairman, YES Institute said, “Multiple opportunities exist in India, across the post-production dairy value chain, in areas of storage, procurement, processing and packaging technologies. These opportunities offer tremendous scope for technology suppliers, processors and service providers to tap into one of the world’s largest dairy markets.”
“I am confident that the study will be of immense value to the Dutch dairy industry in recognizing the vast potential of India’s dairy market, thereby enabling strong partnership opportunities between India and the Netherlands in the sector.” Mr. Kapoor added.
Mr. Wouter Verhey, Agricultural Counsellor, Netherlands Embassy in New Delhi also shared his thoughts on the same, ”We believe Sustainability and productivity go hand in hand. The dairy sector in the Netherlands is the story of self-organization, accepting challenges, adapting to the need of the market and a dramatic transformation in a single generation. As a representative of the Netherlands Government in India, I feel extremely proud to say that we have good presence of our Dutch Dairy Companies in various fields of operations right from genetics, feed, animal health, farm management and food processing technology & including training and education, as we believe knowledge transfer plays an important role in building up the economy. One can have the technology but if there is no know how the technology fails.“
“Having done the study on Dairy Sector with YES BANK in India lets the Dutch Industry understand the key opportunities for them in this sector. This study is a joint effort between the Agriculture Department of the Embassy of Kingdom of Netherlands and YES BANK reflecting the recent developments that the Indian Dairy sector has undergone in the states like Uttar Pradesh, Andhra Pradesh & Telangana and Maharashtra. I would like to congratulate the entire team of YES BANK who was engaged in this study with us and making it a great impact on the Dutch Dairy Industry.“ Mr. Wouter Verhey added.
As a part of its knowledge driven approach to banking, YES BANK has established its practicing think-tank, YES Institute, which focuses on India’s inclusive and green socio-economic development and growth. A specialized Food & Agribusiness Strategic Advisory & Research group (FASAR) is domiciled within YES Institute. FASAR works with corporates, small & medium enterprises, multinationals, Central Government & State Governments, multilateral agencies across sectors such as dairy, agri inputs, food processing & food services, food parks, agri-infrastructure, logistics, agri supply chain and rural retail among others. The team executes project advisory, strategic advisory & policy advisory across the food and agri sector. FASAR also conducts in-depth research on various sub-sectors of Food & Agri domain and publishes knowledge reports and research papers on key trends and developments in the sector.
About YES BANK
YES BANK, India’s fourth largest private sector bank is a high quality, customer centric and service driven Bank. Since inception in 2004, YES BANK has grown into a ‘Full Service Commercial Bank’ providing a complete range of products, services and technology driven digital offerings, catering to corporate, MSME & retail customers. YES BANK operates its Investment banking, Merchant banking & Brokerage businesses through YES SECURITIES and its Mutual Fund business through YES Asset Management (India) Limited, both wholly owned subsidiaries of the Bank. Headquartered in Mumbai, it has a pan-India presence across all 29 states and 7 Union Territories in India including an IBU at GIFT City, and a Representative Office in Abu Dhabi.
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