 "Russia may ease norms for Indian dairy imports")
In a major boost for the dairy sector, Finance Minister Arun Jaitley announced the setting up of a dairy processing fund with a corpus of Rs 8,000 crore for three years. For the first year, however, Rs 2,000 crore has been allocated to the corpus.
R S Sodhi, chairman of Gujarat Co-operative Milk Marketing Federation which produces and markets Amul brand milk and its derivatives, said, "While the details are yet to be seen, whether the proposed fund would be in the form of capital subsidy, interest subsidy or a fresh capital infusion, but irrespective of its form, the finance minister's
