The newly announced national-level cooperative society for organic food products, which will concentrate on increasing farmers’ income by improving the production, certification, and marketing system, will include National Dairy Development Board (NDDB), Amul, and NAFED as three of its five promoters.
Last week, a proposal to create three new national-level multi-state cooperative societies to support the growth of organic goods, seeds, and exports was accepted by the Cabinet Committee on Economic Affairs (CCEA).
Under the Multi-State Cooperative Societies (MSCS) Act of 2002, a national cooperative organic society, a cooperative seed society, and a cooperative export society will be registered. Sources claim that the National Cooperative Organic Society, which will have its headquarters in Anand, Gujarat, will be founded with a Rs 500 billion authorised share capital. It will have a Rs 100 crore initial paid-up share capital.
The National Cooperative Development Corporation (NCDC), the National Cooperative Consumers’ Federation of India Ltd. (NCCF), the cooperative NAFED, the Gujarat Co-operative Milk Marketing Federation (GCMMF), which sells milk products under the Amul brand, and the National Cooperative Development Corporation have all expressed interest in becoming the society’s promoters and will each contribute Rs 20 crore for the society’s initial paid-up share capital.
“There are 8.54 lakh registered cooperatives in the country with more than 29 crore members. Cooperatives can be utilised for the development of organic clusters and its entire supply chain,” a source said.
The global organic food market had a total value of about Rs 10 lakh crore in 2020, and the Indian organic market had a value of about Rs 27,000 crore (Rs 20,000 crore domestic and Rs 7,000 crore exports). More than 40% of the global market belongs to America.
According to sources, the size of the Indian organic market is anticipated to increase by 20–25% yearly, while the worldwide industry is anticipated to rise by 15% annually. Out of the 34 lakh farmers worldwide, 16 lakhs are organic growers, making India the country with the most producers. There are 34 lakh organic farmers covering 749 lakh hectares of land in 190 nations.
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