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HomePosts Tagged "dairy industry"
Agribusiness, Agrotech, Company News, Dairy

IBISA anticipates expanding its reach in the coming months through collaborations with multiple milk unions and key partners within the dairy value chain.

 IBISA, a leading Insurtech pioneer headquartered in Luxembourg, announced the launch of its latest innovation – the Heat Stress Solution. This groundbreaking advancement in climate-risk insurance underscores IBISA’s commitment to addressing critical challenges faced by the dairy industry.

In response to the significant decline in milk yield, estimated at 30-35% during severe heat waves, IBISA’s Heat Stress Solution utilizes advanced climate metrics and satellite technology to provide vital protection for dairy farmers. By offering compensation for revenue losses incurred due to heat stress, this unique solution serves as a lifeline for dairy farmers across India.

Since its introduction in 2024, the Heat Stress Solution has already safeguarded over 100,000 livestock within a mere fortnight, spanning 14 districts in Kerala. Notable beneficiaries include farmers associated with the Trivandrum, Malabar, and Ernakulam Regional Co-operative Milk Producers’ Unions (TRCMPU, MRCMPU, and ERCMPU respectively).

Furthermore, the product is currently operational in select districts of Maharashtra, Uttar Pradesh, Madhya Pradesh, Rajasthan, and Gujarat. IBISA anticipates expanding its reach in the coming months through collaborations with multiple milk unions and key partners within the dairy value chain. Strategic partnerships with Dehaat, a leading Agritech firm, and Behtar Zindagi, an online agri marketplace platform provider, further enhance the product’s accessibility and impact.

IBISA’s expertise in developing, distributing, and overseeing effective climate insurance solutions is unparalleled. As an Insurtech firm, IBISA collaborates with local insurers, providing comprehensive support in insurance risk modelling, design, assessment, and technological infrastructure, ultimately enabling insurers to underwrite and deliver tailored insurance products efficiently.

“Identifying and addressing a critical necessity, we’ve brought to the fore an insurance model that is not just accessible but also comprehensible to our clients,” remarks Balachandran MK, IBISA’s Head of Growth for Asia. “The surge in our solution’s adoption is a clear indicator of the heightened awareness and demand for such protective measures amidst climatic adversities.”

Recognising the impact of climate change on various sectors, IBISA is committed to addressing insurance gaps in the poultry industry as well. Through strategic collaborations and grassroots awareness initiatives, IBISA aims to redefine India’s agri-insurance landscape, empowering farmers and enterprises to navigate climate uncertainties effectively.

As pioneers in climate focused Insurtech, IBISA’s approach emphasizes innovative tech applications and simplicity, fostering sustainability and agricultural security for the future.

IBISA anticipates expanding its reach in the

Company News, Dairy, People

Jain’s previous role as Head of Finance at Reliance Luxury Lifestyles (Reliance Brands) provided invaluable experience in leading financial strategies for over 30 luxury brands

Parag Milk Foods announced the appointment of Sumit Jain as president of Finance. With an established presence as a key player in the dairy industry, this strategic move underscores Parag Milk Foods’ dedication to nurturing top-tier talent and fostering the next generation of leaders who will guide the company’s future success.

With an extensive background in financial management and a track record of success, Jain brings a wealth of expertise to the organisation. A Chartered Accountant, Jain achieved an All India Rank of 18 in 2012 and an All India Rank of 22 in Cost Accountancy in 2013. He was twice recognised as one of India’s top 40 CA’s under the age of 40 by the Institute of Chartered Accountants of India.

Jain’s previous role as Head of Finance at Reliance Luxury Lifestyles (Reliance Brands) provided invaluable experience in leading financial strategies for over 30 luxury brands, including Armani, Jimmy Choo, Coach, Balenciaga, Michael Kors, and Bottega Veneta. He has also worked with Parle Agro, Britannia, and Bauli India Bakes.

In his new role, Jain will play a key role in driving the company towards new heights of financial success. His strategic vision and proven leadership capabilities will be pivotal in shaping the company’s financial strategies and ensuring sustainable growth.

Jain’s previous role as Head of Finance

Agrotech, Company News, Dairy, India

 The MA-825 comes with a dual ultrasonic sensor for quick & precise measurement of Fat, SNF, and added water content analysis of milk samples.

Bengaluru-based Essae Teraoka, one of India’s leading manufacturers of electronic weighing scales, Milk Analyzers, point of sale terminals [POS], and GPS Clock under the brand name Essae, has launched India’s first and only Made in India dual ultrasonic sensor Milk Analyzer – Essae MA-825 for the dairy industry.

“The MA-825 is a state-of-the-art machine, industrially designed in Germany, fully engineered and built in India, aesthetically and elegantly styled, and very simple to use. The MA-825 comes with a dual ultrasonic sensor for quick & precise measurement of Fat, SNF, and added water content analysis of milk samples.

Essae’s USP is that the ultrasonic sensors used in these analyzers are entirely conceived, engineered, and built-in in India, unlike other players who import these. Another uniqueness of the MA-825 is it analyzes samples and shows results in flat 23 seconds at 30 degree Celsius,” said Prabhu Chandran, Managing Director of Essae Teraoka.

“With the MA-825, there is absolute transparency in how the milk is analyzed, maximizing the help of technology and digitalization. With state-of-the-art technology in play, there are zero sampling errors ensuring farmers are satisfied. Farmers are also made aware they are getting paid as per what is shown,” he added.

Further, Essae MA-825 Milk Analysers are on par with the significant advancements in technology and design, cost-efficient, hygienic, and compliant with regulatory recommendations.

Another noteworthy feature of Essae MA-825 is that it can interface with any commercially available DPU & Dairy Software, including selectable data format. Besides calibration and correction records, cleaning with timestamps is available vide memory. The machine also has an automatic cleaning and manual cleaning option. There is 2-layer password protection to ensure there is no tampering of any data whilst past data retrieval and printing of receipts is also made possible.

 The MA-825 comes with a dual ultrasonic

Agrotech, Dairy, Supply Chain

The collaboration is aimed at helping organisations across the large, in-country supply chain leverage innovative technologies designed to meet regulatory and consumer demands.

PerkinElmer Inc, a global leader committed to innovating for a healthier world, has announced a collaboration with Everest Instrument as its head dairy solutions distributor in India. Everest Instruments is a leading, advanced automation, digital solution, and device provider for the Indian dairy industry. The collaboration is aimed at helping organisations across the large, in-country supply chain leverage innovative technologies designed to meet regulatory and consumer demands, like the recently announced PerkinElmer IndiScope FT-IR raw milk analyser.

Commenting on the value that the collaboration will bring to customers, Shripad Joshi, president, PerkinElmer India & South Asia, said, “India is the world’s leading producer of milk and the Indian government is promoting quality production through intensive infrastructure development and dairy development programmes. Our exciting connection with Everest Instruments will help us further assist India’s dairy industry as it looks to meet growing regulations and ever-evolving consumer demands more effectively and efficiently. Our new IndiScope analyser, for example, developed in India and available globally, establishes key quality indicators and detects adulterants right at milk collection points in just 30 seconds.”

PerkinElmer’s dairy and milk testing portfolio covers composition testing, as well as detection of veterinary residues, adulterants and pathogens in liquid and solid forms, spanning from collection points through processing and food production plants.

The collaboration is aimed at helping organisations