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Acquaculture, AgroPolicy, Live Stock, Start ups

Sanjeev Kumar Balyan, Minister of state for Ministry of Fisheries, Animal Husbandry and Dairying emphasised the importance of adopting the advanced breeding technologies and its implementation at the ground level

Ministry of Fisheries, Animal Husbandry and Dairying is organising awareness programme on entrepreneurship schemes and other beneficiary-oriented flagship programmes of the Department. It is being done through Common Service Centres network by holding 8000 village level camps across the country. The is being organised from April 25 to 28 April 2022. Each day one lakh farmers will be joining through Common Service Centres across the country. 

Sanjeev Kumar Balyan, Minister of state for Ministry of Fisheries, Animal Husbandry and Dairying addressed the farmers connected recently through camps and informed that realigned National Livestock Mission (NLM) and Rashtriya Gokul Mission (RGM) schemes now have a component of breeder farm entrepreneurs and fodder entrepreneurs. One lakh farmer from Northern Eastern region states, Bihar, Odisha West Bengal participated, NLM will help in creating rural entrepreneurship and help in creating better livelihood opportunity for unemployed youth and livestock farmers in the cattle, dairy, poultry, sheep, goat, piggery, feed and fodder sector paving the way towards Atmanirbhar Bharat. 

Secretary (DoF & DAHD I/c), Jatindra Nath Swain briefed the farmers about Pradhan Mantri Mantsya Sampada Yojana (PMMSY) and Fisheries & Aquaculture Infrastructure Development Fund (FIDF). He added that flagship schemes of Department of Fisheries can be availed by fishers and fish farmers from every corner of the country. He also mentioned that, in order to create the forward and backward linkage for the produce available at the unorganised sector and for connecting it with organised sector, these entrepreneurship schemes of the Ministry would help in development of entrepreneurship. 

Sanjeev Kumar Balyan, Minister of state for

Animal Health, Finance

The funds will be utilised to support the growth momentum of the Company

Provet Pharma Private Limited, headquartered in Chennai, one of the fast-growing animal health care companies in India, raises an undisclosed amount from N+1 Capital, one of India’s largest revenue-based growth capital funds. The Company will be using this fund to support its expansion plans of all its operating verticals. Devansh Shah, Bilanz Capital Advisors is the advisor to the deal.

With its highly regarded leadership, business strategy and execution capability, the Company has managed to achieve its mark in the Animal Healthcare industry. Despite the micro and macro level challenges in the recent years, the Company has been growing by an astonishing CAGR of more than 40 per cent while its EBITDA margin is outpacing the revenue growth by growing more than 90 per cent CAGR.

Speaking on the fundraising, Dr Muthu Selvan, Co-founder and Managing Director of the Company, said that the Indian Animal Health Care industry is growing at a CAGR of around 10 per cent and the Company is focusing majorly on the products well suited to dynamic market requirements. He also highlighted the fact that the industry is shifting towards the usage of non-antibiotic feed additives and the product portfolio of the Company has been already built to ride on this shift with more innovative and conceptual products in the pipeline. 

“Provet has built a strong sales and distribution network pan India since its inception. It is a preferred partner to many mid to large firms in the poultry and aquaculture space. The Company’s products are well established in the industry. We are impressed by the Company’s growth potential and are excited to partner with Provet,” said Ashish Singla, Managing Partner, N+1 Capital.

The funds will be utilised to support

Live Stock

The company is expanding its product line to include a unique platform for cell-cultured collagen production

Aleph Farms, the first company to grow cultivated beef steaks, has announced it is expanding its product line to include a unique platform for cell-cultured collagen production. The company’s highly differentiated, integrated strategy to develop a complete alternative to animals in intensive animal farming is a testament to its inclusive vision to supplement sustainable, but less productive, livestock agriculture practices.

Didier Toubia, co-founder and CEO of Aleph Farms commented, “Focusing on single categories of animal products does not account for the complexity of the animal agriculture ecosystem. The protein transition should rely on a systems-based approach to successfully contribute to a comprehensive, just and inclusive transition for animal agriculture.”

Conventional collagen is produced by boiling and processing cow’s hides and bones, and is widely used in a range of industries. Aleph Farms’ cultivated collagen offers attributes of natural animal-based collagen that are unmatched by plant or fermented recombinant-based alternatives.

As the first product to emerge from the company’s newly revealed incubator, and following 18 months of research by an expert team in stealth mode, Aleph’s collagen is now moving to full product development stage and should launch in 2024. This announcement follows the company’s expansion to its new cultured-beef steaks pilot production plant. Both platforms largely share similar inputs and equipment and present operational and cost-reduction synergies.

The company is expanding its product line