The move will help the milk cooperatives ease inventory of around 1.10 lakh tonne of milk powder lying with milk cooperatives, according to a government release today.
Increasing focus on B2C business, said Nawal Sharma, President & Head-Business Transformation at Kwality.
Amid growing cases of unfair trade practices, the government today said it has made it mandatory for FMCG companies to pack and sell specific products like biscuits and milk powder in standard sizes only with effect from November 1.
In a significant order, the Bombay High Court has held that the Union Government cannot ban exports of any product with retrospective effect, while allowing a private company to go ahead with the exports of milk powder.
The government today banned exports of milk powder and its products to boost domestic supplies and check rising prices of milk.