After Nepal’s paddy produce, the country’s dairy business grew significantly contributing to nine percent of Nepal’s gross domestic product (GDP).
The Nepal Dairy Association (NDA) disclosed these statistics at the 20th National General Assembly held in Birendranagar.
According to NDA, Nepal’s dairy companies pay NPR one billion per year as revenue to the government. Moreover, rural areas supply milk worth NPR 30 million to urban dairy centres on a day-to-day basis.
Following are the statistics of Nepal’s dairy contribution:
Most people associated with the business expressed their concern stating that despite the industry valuable contribution to the GDP, the dairy business is yet to get the deserved recognition from the state.
Dahal also added that the government’s decision to withdraw 50 percent value added tax exemption facility has made it difficult for dairies to compete with imported products.
Meanwhile, Karnali Province’s dairy business seems to be performing low. The province is contributing to only 50 percent of the market demand.