Responding to the announcement made in this year’s government budget, the Central Dairy Cooperative Organisation (CDCO) has approached the Dairy Development Board (DDB) with a proposal to set up a powder milk plant at Lalbandi of Sarlahi district.
In the budget proposals, the government had promised to provide either 25 percent subsidy on equipment cost or 80 percent subsidy on the loan for all the dairy cooperatives if they wanted to set up a powder milk factory. According to the Board, CDCO’s is the only proposal received within the stipulated deadline.
The CDCO has proposed to set up a factory that will have a capacity to process 125,000 litres of liquid milk per day and needs an investment of Rs. 378 million to set up. CDCO has asked for 25 percent subsidy on the equipment cost.
According to the proposal, the factory will have a share investment of Rs. 302.8 million from milk cooperatives and Rs. 10 million each from the National Cooperatives Development Board and National Cooperative Bank.
Thursday, March 13, 2008
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