Business Economy


Milky Mist welcomes GST cut on dairy products, to benefit consumers farmers

Chennai, Sep 4 (UNI) Leading Dairy Food products maker Milky Mist Dairy
today welcomed reduction of GST on a wide range of dairy products to 5%
which would have far reaching benefits for consumers, farmers and the dairy
industry at large.
It was timely boost that would stimulate demand, encourage innovation and
serve as a catalyst for inclusive growth.
In a statement here, reacting to the GST rate cut announced by the union
Finance Minister Ms Nirmala Sitharaman, Dr K Rathnam, CEO of Milky
Mist Dairy, said "We welcome the Government of India’s decision to reduce
the Goods and Services Tax (GST) on a wide range of dairy products to 5%
— a reform that will have far-reaching benefits for consumers, farmers, and
the dairy industry at large."
For households across India, this move will make nutritious, value-added
dairy products such as cheese, butter, ghee, paneer, and milk-based
beverages more affordable and accessible.
For the dairy sector, it is a timely boost that will stimulate demand, encourage
innovation, and strengthen the formal, organised dairy ecosystem.
"At Milky Mist, we see this as more than a tax reform--it is a catalyst for inclusive
growth. Lower GST will help expand the market for high-quality, packaged dairy
products, enabling more consumers to shift from loose, unregulated supply chains
to safe, standardised offerings", he said.
This transition not only benefits public health, but also creates stronger, more
stable demand for the millions of dairy farmers who form the backbone of our
industry, he added.
UNI GV 1755
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