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Friday / October 18. 2024

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HomePosts Tagged "IB Group"
Animal Health, Live Stock, Poultry

A memorandum to the Ministry of Fisheries, Animal Husbandry & Dairying, pointed out that India’s 34.60 MMT annual maize production is insufficient to meet the requirements of the poultry industry as well as the nation’s food security

The All India Poultry Breeder Association (AIPBA) Delhi has written to the Ministry of Fisheries, Animal Husbandry & Dairying to allow duty-free maize imports to enable the poultry industry to meet its future requirements.

The current basic import duty on maize stands at 50 per cent.

Citing concerns over the rising maize consumption in ethanol production, the All India Poultry Breeder Association (AIPBA), in a memorandum to the Ministry of Fisheries, Animal Husbandry & Dairying, pointed out that India’s 34.60 MMT annual maize production is insufficient to meet the requirements of the poultry industry as well as nation’s food security.

“As per estimates of the Indian Institute of Millets Research, the Poultry and Livestock industry consumes more than 60 per cent of the country’s maize production. In this context, the government’s ambitious plan to generate half of the ethanol from maize by 2025-26 may have some serious implications for sectors like poultry and livestock. Diverting such a significant chunk of current maize production to ethanol could impact their access to essential feedstock, creating a severe demand-supply gap in the coming years,” said the memorandum submitted to the government by the All India Poultry Breeder Association under the chairmanship of Bahadur Ali who is also the Managing Director of IB Group.

Over the last decade, maize production growth has been at 4.5 per cent, while the poultry industry has experienced a growth of 8-9 per cent. This disparity highlights the anticipated maize shortage for the poultry industry, particularly in the wake of the government’s plan to promote maize for ethanol in a big way.

“Addressing the rising demand for maize in both livestock feed and other industries presents two options: importing maize or increasing domestic production. However, significant short-term increases in domestic output are deemed improbable. Therefore, importing maize from other countries emerges as the most viable solution to meet the immediate demand,” the association stated in its memorandum to the Ministry of Fisheries, Animal Husbandry & Dairying.

Ethanol’s growing thirst for maize has also pushed prices skyward, posing a major challenge for Indian poultry farmers. With maize prices hovering around Rs 22-23 per kg across India, poultry farmers are grappling with unsustainable costs. The burden is expected to intensify further by February 2024, which may adversely impact the poultry industry.

A memorandum to the Ministry of Fisheries, Animal

Animal Health, Company News, Live Stock, Poultry

The poultry feed plant has come up at an investment of Rs 160 crore.

Smriti Irani Union Minister inaugurated a state-of-the-art Poultry Feed plant and Hatchery unit set up by IB Group at Amethi, Uttar Pradesh with an investment of Rs 160 crore.

Spread across 12 acres, the newly commissioned plant of IB Group has come up at Jagdishpur in Amethi district in Uttar Pradesh, which has the capacity to produce 600 tonnes of Poultry feed per day and 3 lakh broiler chicks per day.

With the inauguration of the new plant, the group which posted a turnover of Rs 7782 crores in FY22, now has 5 poultry feed plants having a total capacity to produce 5800 tons of poultry feed per day. Besides, the group has 6 hatcheries, and a presence across 26 Indian states for its poultry, livestock feed, and edible oil businesses. IB Group is among the top 3 largest poultry players in Asia and a market leader in fish feed in India and edible oil in Central India.

Speaking on the occasion, Smriti Irani said, “I would like to thank IB Group for setting up the largest poultry feed plant of Uttar Pradesh in Amethi, which is far from Chattisgarh. For the growth of the country’s GDP, it is imperative to strengthen the poultry industry. I am hopeful that with technical support to young and talented farmers here, the plant will make its own mark very soon.

Commenting on the commissioning of the new plant, Bahadur Ali company’s founder said, “IB Group is aligned with prioritisation of development at grassroots level. We are privileged to set up the biggest poultry feed plant and hatchery unit of UP which has immense potential to generate local employment. The new plant will also benefit maize and soya-growing farmers of this region.  My confidence in the growth of the poultry industry in UP has gone up manifold after interacting with the promising young farmers today. IB Group is committed to offering business opportunities and technology support to young and new poultry farmers in UP thereby improving their livelihood and making Uttar Pradesh a developed and an Atmanirbhar state in the region.”

The poultry feed plant has come up