The Assam government and National Dairy Development Board (NDDB) have signed an agreement to create a Rs 2,000 crore joint venture for holistic development of the sector in the state.

A memorandum of understanding (MoU) was signed in Guwahati for this.

As per the MoU, a joint venture (JV) company will be set up for Rs 2,000 crore with a target of processing 10 lakh ltr of milk through six new units in seven years.

Milk from more than 4,100 dairy cooperative societies will be processed, packed and marketed.

This will benefit more than 1,75,000 farmers associated with dairy farms in Assam and increase their earnings.

Two cattle feed and organic manure manufacturing units will also be set up as per the agreement.

As part of the dairy development project, more than 15,000 high milk-yielding Gir cows will be brought to Assam to ensure high returns to the farmers of Assam.

This joint venture will be guided and managed by NDDB, and it will introduce technological innovations.

As part of the expansion project, Purabi Dairy's processing capacity will be upgraded from the existing 60,000 lpd to 1.5 lpd.