Tag: reliance

Reliance AGM 2023 LIVE Updates: Shall perform duties as CMD of Reliance Industries for 5 more years: Mukesh Ambani

Mukesh Ambani, Administrator, and Overseeing Overseer of Dependence Ventures Restricted (RIL), reported today at the organization’s Yearly Comprehensive gathering (AGM) that he will keep on filling in as the Executive and Overseeing Overseer of RIL for an additional five years.
AMukesh Ambani, Administrator, and Overseeing Overseer of Dependence Ventures Restricted (RIL), reported today at the organization’s Yearly Comprehensive gathering (AGM) that he will keep on filling in as the Executive and Overseeing Overseer of RIL for an additional five years.
In his location to investors at the AGM, Ambani expressed, “It is both an honor and an obligation to act as the CMD of Dependence Ventures.
In his location to investors at the AGM, Ambani expressed, “It is both an honor and an obligation to act as the CMD of Dependence Ventures.
Under Ambani’s authority, RIL has likewise been at the front of computerized development, with Jio Stages arising as a forerunner in the computerized administrations space.
The declaration of Ambani’s proceeded with administration was met with praise from investors present at the AGM.
RIL’s stock cost likewise saw a positive flood following the news, reflecting financial backer trust in Ambani’s capacity to drive the organization’s development.
Remarking on Ambani’s choice, Anil Mittal, an investor going to the AGM, said, “Mukesh Ambani has shown excellent administration throughout the long term, and his vision has been instrumental in RIL’s prosperity.
The declaration of Ambani’s proceeded with administration was met with praise from investors present at the AGM.
RIL’s stock cost likewise saw a positive flood following the news, reflecting financial backer trust in Ambani’s capacity to drive the organization’s development.
Remarking on Ambani’s choice, Anil Mittal, an investor going to the AGM, said, “Mukesh Ambani has shown excellent administration throughout the long term, and his vision has been instrumental in RIL’s prosperity.

August 28, 2023
Reliance Jio begins 5G services at Char Dham temples

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Dehradun: Reliance Jio on Thursday announced the beginning of its True 5G services at the Char Dham temples in Uttarakhand as the doors of Badrinath were opened for devotees.
It will enable all Jio True 5G users from across the country visiting Kedarnath, Badrinath, Yamunotri and Gangotri dhams to latch on to Jio’s True 5G network and experience its limitless possibilities, Reliance Jio press release said.
Badrinath Kedarnath Temple Committee (BKTC) Chairman Ajendra Ajay inaugurated the service in Badrinath whose doors were opened for devotees on Thursday.

BKTC Vice Chairman Kishore Panwar, CEO Yogendra and Badrinath Chief Priest Eshwar Prasad Namboodiri were also present on the occasion.
In a message on the occasion, Chief Minister Pushkar Singh Dhami said, “I congratulate and thank Jio for bringing in transformational changes in the digital landscape of the state and commencing 5G services right at the beginning of yatra. It will allow millions of pilgrims to take advantage of high-speed data network.”
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( With inputs from www.siasat.com )

April 27, 2023
Reliance reports highest ever quarterly net profit of Rs 19,299 cr

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New Delhi: Reliance Industries Ltd on Friday reported its highest-ever quarterly net profit of Rs 19,299 crore in January-March on the back of stronger earnings from the oil and petrochemicals business and steady growth in retail and telecom operations.
The oil-to-retail-to-telecom conglomerate’s consolidated net profit of Rs 19,299 crore, or Rs 28.52 per share, in January-March compares to Rs 16,203 crore, or Rs 23.95 a share, earnings in the same period a year back, according to the company’s stock exchange filing and press statement.
A stronger margin from refining crude oil into products like petrol and diesel, resilient fuel exports earnings on lower windfall tax and chemical business witnessing a buoyancy from the use of ethane as feedstock drove oil-to-chemical (O2C) business.

While higher subscriber additions and stable ARPU (average revenue per user) helped boost the telecom segment’s earnings, the retail segment was driven by an increased store footprint.
Analysts had forecast a decline in net profit as they saw continued weakness in petrochemicals margins. But using ethane imported from the US helped the company as its prices softened during the quarter.
The total income rose to Rs 2.19 lakh crore from Rs 2.14 lakh crore a year back.
Sequentially, the net profit was up 22 per cent from Rs 15,792 crore in October-December 2022.
For the full fiscal (April 2022 to March 2023), Reliance reported its highest-ever net profit of Rs 66,702 crore on a revenue touching close to Rs 10 lakh crore. The firm had a net profit of Rs 60,705 crore on a revenue of Rs 7.36 lakh crore in the preceding fiscal.

Operationally, all businesses were firing all cylinders. EBITDA at Rs 41,389 crore, was up 22 per cent year-on-year.
The mainstay oil refining and petrochemicals business, called O2C, posted a 14.4 per cent rise in EBITDA to Rs 16,293 crore. While digital services, which includes telecom, EBITDA at Rs 12,767 crore was 17 per cent higher, retail EBITDA was up 33 per cent at 4,769 crore. Oil and gas EBITDA more than doubled to Rs 3,801 crore – an 8-year high.
For telecom, EBITDA was driven by 29 million overall net customer additions. Blended ARPU, whereas, was almost flat at Rs 178.8.
In retail, it increased the number of stores to 18,040 from 17,225 in the preceding quarter. Store footfall soared 41.3 per cent to 219 million.
Reliance said the windfall profit tax on the export of diesel and ATF impacted the profit for the quarter at Rs 711 crore, down from Rs 1,898 crore in the preceding three months.
The government in July 2022 slapped a new tax on the export of petrol, diesel and jet fuel (ATF) as well as on domestically produced crude oil to scoop some of the gain being made by companies from higher global energy prices.
Telecom arm Jio reported a 15.6 per cent rise in net profit to Rs 4,984 crore on a higher customer base of 439.3 million.
Retail business net profit was up 13 per cent to Rs 2,415 crore on the addition of more stores, growth across consumption baskets and rising contribution from digital channels led to a rise in retail segment profits.
The company said its net debt after considering Rs 1,93,282 crore cash balance was lower than annualised EBITDA.
Commenting on the results, Mukesh D Ambani, Chairman and Managing Director, Reliance Industries Ltd, said the firm’s initiatives in digital connectivity and organised retail are driving greater efficiencies in the economy and contributing to India’s emergence as one of the fastest-growing economies in the world.
“Jio continues to digitally empower millions of citizens across the nation, extending True 5G reach to 2,300+ cities and towns in a short span of 6 months,” he said. “Retail business registered excellent growth numbers backed by the expansion of physical and digital footprint and a significant increase in footfall.”
Also, the firm continues to expand its product base across consumption baskets, ensuring our customers get world-class products at affordable prices.
“O2C segment posted its highest-ever operating profit despite global uncertainties and disruptions in commodity trade flows. Our oil and gas segment also delivered very strong growth and is now poised to contribute nearly 30 per cent of India’s domestic gas production,” he said.
Ambani said Reliance has proposed to demerge its financial services arm and list the new entity ‘Jio Financial Services Ltd’. “This gives our shareholders an opportunity to participate in an exciting new growth platform from inception.”
Implementation of New Energy giga factories at Jamnagar is making significant progress, he noted.
Reliance’s annual EBITDA crossed the benchmark of Rs 1.5 lakh crore for the first time; the record-high EBITDA stood at Rs 154,691 crore, up 23.1 per cent year-on-year.
Capital expenditure for the year was Rs 1,41,809 crore. Net debt as of March 31, 2023, was Rs 1,10,218 crore, substantially below the annual EBITDA.
EBIDTA and net profit have doubled in last 5 years.
With incremental gas production from the MJ field, along with ongoing production from R Cluster and Satellite Cluster fields, Block KG-D6 production is expected to reach around 30 million standard cubic metres per day in FY24.
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( With inputs from www.siasat.com )

April 21, 2023
Reliance Industries to announce Q4 results on April 21

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New Delhi: Reliance Industries Limited (RIL) will announce its Q4 results on April 21.
“Reliance Industries Limited has informed BSE that the meeting of the Board of Directors of the Company is scheduled on April 21, inter alia, to consider and approve the standalone and consolidated audited financial results of the Company for the quarter/year ended March 31, 2023,” RIL said in a stock exchange filing.
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( With inputs from www.siasat.com )

April 16, 2023
Airtel Launches Family Offerings With Free Additional SIMs To Counter Reliance Jio – Kashmir News

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Competition is rapidly intensifying in the higher revenue-generating postpaid mobile business segment. Bharti Airtel has just launched a new postpaid family plan variant, priced aggressively at Rs 599, and also unveiled two new variants of its all-in-one Airtel Black plans priced at Rs 799 and Rs 998, in moves clearly aimed at fortifying its postpaid family offerings and countering Reliance Jio.
The Sunil Mittal-led telco’s latest postpaid offerings come on the heels of its recent unlimited 5G data offer (launched last Friday) that was also aimed to hold on to its higher-paying postpaid flock and take on Jio’s new postpaid plans announced last week.
Airtel’s new Rs 599 postpaid family plan, which will directly counter Jio’s recently launched Rs 699 premium family postpaid offer, allows users to add up to two extra SIM cards to the plan at no additional cost. The new family plan variant also includes Amazon Prime/Disney Hotstar subscriptions, a 105 GB monthly data allowance and data rollovers. It is also a composite price postpaid pack with no hidden costs towards deposits, taxes or activation.
The new Airtel Black pack variants, priced at Rs 799 and Rs 998, also allow users to add two extra postpaid SIMs (read: mobile connections) at no additional cost and include over-the-top (OTT) content via Amazon Prime/Disney Hotstar subscriptions and a 105 GB monthly data allowance. Further, the Airtel Black plan priced at Rs 799 offers a DTH connection while the more premium Rs 998 variant comes with a broadband connection (but no DTH). Both plans will allow consumers to accumulate unused monthly data, via rollovers. The company, though, will keep the base Airtel Black plan, priced at Rs 699, which continues to offer broadband and DTH, but won’t offer extra SIMs available on the new higher-priced variants.
At present, around 6% of Airtel’s over 332 million subscribers use postpaid plans, while it’s roughly 10% of Vi’s 228.6 million users. For Jio, its postpaid base is under 5% of its overall 430 million-plus subscriber base.
“The new Rs 599 family plan and the new Airtel Black variants are aimed at broadening the company’s bouquet of family postpaid offerings, growing its postpaid user base and boosting ARPU.” a top Airtel executive told ET. He added that Airtel’s new postpaid plan variants with the additional SIMs offerings, are being primarily targeted at delivering more value to smallish young families where some members may be working away from their hometowns.
Jio’s recently launched Rs 699 family postpaid plan includes Netflix and Amazon Prime subscriptions. But users will have to shell out an extra Rs 99 for each additional SIM. Last Tuesday, Jio had also unveiled two new individual and family postpaid plans, starting at Rs 299 and Rs 399, respectively. The Rs 399 Jio plan allows postpaid users to add up to three extra SIM cards, but each at a cost of Rs 99.
Analysts said Airtel’s two-stage counter is aimed at thwarting market leader, Jio from poaching its higher revenue-generating postpaid users.

Airtel’s initial unlimited 5G data offer was made available to all postpaid users as well as prepaid ones with data plans of Rs 239 and above, encouraging its 4G users to upgrade to the next-gen wireless broadband service. ( ET Telecom)

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( With inputs from : kashmirnews.in )

March 21, 2023
Reliance Jio Offers New Monthly Family Plan For Four Members, Free For Month- Check Benefits Here – Kashmir News
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Reliance Jio Offers New Monthly Family Plan For Four Members: Reliance Jio is one of India’s biggest telecom operator and it has launched various prepaid and postpaid plan for its users with various perks and benefits. Now it has come up with the group postpaid plans for family of 4 members. This latest plan will enable a family of 4 to try its services for free for a month under Jio Plus.
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According to the company, the plans start at Rs 399 per month and allow 3 add-on connections at Rs 99 per SIM. This means a total monthly charge of Rs 696 for a family of 4 (Rs 399 + Rs 99 x 3). The effective monthly charge for a single family member would be Rs 174 per SIM, Jio said in a release.
Jio Postpaid Family Plan at Rs 696: Perks & Benefits
Jio had announced the benefits under the new postpaid plans as follows:
The family connection holders will be able to Share data with other family members
There would be no daily data limits.
The new users will be able to avail premium facilities like free OTT applications- Netflix, Amazon, JioTV and JioCinema.
In-flight connectivity while traveling abroad
India calling at Rs 1 per minute
WiFi calling on international roaming along with single international roaming plan for 129 countries.
The security deposit will be waived off for customers including JioFiber users, corporate employees, existing mobile postpaid users of other operators and credit card users of Axis Bank, HDFC Bank and SBI.
How to Get Jio Postpaid Family Plan at Rs 696?
Give a missed call on 70000 70000, and start the process to get Jio Plus plans on WhatsApp
You will have to select the relevant option to get Security Deposit waiver
You can book free home delivery option for your SIM.
Make sure to get 3 more FAMILY SIMs for your family members during the home delivery
Pay the required processing fee of 99/SIM during activation
After the activation of the master family SIM, you can link the 3 family members.
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( With inputs from : kashmirnews.in )
March 16, 2023
Reliance to set up 10 GW solar plant, invest Rs 40K crore for 5G rollout in AP: Ambani

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Visakhapatnam: Billionaire Mukesh Ambani on Friday announced plans for setting up a 10-gigawatt solar plant in Andhra Pradesh as his oil-to-telecom conglomerate bets big on renewable sources which can be converted into carbon-free green hydrogen.
Speaking at the Andhra Pradesh Global Investors Summit, Ambani, Chairman and Managing Director of Reliance Industries Ltd, said his group is investing Rs 40,000 crore for rollout of ultra-high speed 5G telephony network in the state.
“This morning, I am happy to announce that we will continue our investments and we will invest in 10 gigawatt of renewable solar energy in the state of Andhra Pradesh,” he said without giving investment details.
Reliance had in 2021 announced plans to create by 2030 capacity to generate at least 100 GW of electricity from renewable sources, which can be converted into carbon-free green hydrogen. It is also investing in setting up giga-factories to manufacture components for the green energy value chain.
Ambani said his company has invested more than Rs 1.5 lakh crore in developing oil and gas discoveries it made off the Andhra coast and in supporting gas pipeline infrastructure to transport the fuel to consumers.
Gas from Reliance’s KG-D6 block in the Bay of Bengal contributes nearly 30 percent of of all gas production in the country, he said. “This is just an example of how important Andhra is to the India story. And how deeply Reliance is invested in the Andhra story.”
Reliance Jio, the group’s telecom arm, is rolling out what it called a ‘True 5G’ network.
“We are creating the largest and the best digital network footprint in the state by investing over Rs 40,000 crore. Our 4G network covers 98 per cent of Andhra Pradesh’s population, including those living in the remotest corners of the state.

“The rollout of Jio’s True 5G will be completed before the end of 2023 throughout India, including your state of Andhra Pradesh,” he said.
5G will trigger a new wave of digital revolution, creating large-scale business and employment opportunities.
Similarly, its retail arm has partnered with more than 1.2 lakh kirana merchants across 6,000 villages of Andhra Pradesh. “Reliance Retail will source significantly more agri and agro-based products and manufactured goods from Andhra Pradesh for sale all over India,” he said.
“I would like to assure you that Reliance will continue to be an unflinching partner to the people and the Government of Andhra Pradesh in your state’s all-around accelerated progress,” he added.
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( With inputs from www.siasat.com )

March 3, 2023
Govt Approves Rs 329 Cr Project To Achieve Self Reliance In Mutton Sector

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JAMMU: In view of huge mutton usage in Jammu and Kashmir, especially in the Kashmiri cuisine and in order to reduce meat import in the Union Territory, the government has approved an ambitious Rs 329 crore project for next five years to achieve self reliance in Mutton sector.
The project is aimed at creating 6000 jobs besides setting up of 122 enterprises in the mutton sector in the Union Territory.
The initiative also envisages achieving self-reliance in the mutton sector through a combination of innovative interventions including vertical upgrades, horizontal expansion besides focused attention on health cover and nutrition. One of the major interventions planned is import of muttonous breeds, which will lead to establishment of 72 breed-based farms to provide high genetic merit to animals. Additionally, the project aims to conduct 1,00,000 Artificial Inseminations (AIs) annually and establish 400 new commercial farms every year. The project also focuses on clusterization, creation of mandis, abattoirs and common facility centers (CFCs), to support marketing and value addition of the sector.
“Investing in growth and improvement of mutton sector in J&K is not only about boosting production and reducing import costs, but it is also about providing quality and safe meat to consumers, improving the livelihoods of traditional farmers besides creating new job opportunities in the region,” said Atal Dulloo, Additional Chief Secretary, Agriculture Production Department.
He added: “Apart from increase in production and productivity forward linkages, which are acutely lacking in the sector, will be established through formation of 50 Farmer Producer Organizations and Self Help Groups with linkage to 10 new abattoirs and in-built value chains integrated with 10 sheep mandis and 50 CFCs.
Mutton has been an essential part of the Kashmiri cuisine for generations and Jammu and Kashmir, with its rich cultural heritage and diverse geography, has a significant demand for mutton. Despite the regions competitive advantage and potential to become self-reliant in the mutton sector, there is a shortfall of 41 per cent leading to an import bill of ₹1400 crore every year. Additionally, the existing mutton production is not only of insufficient quantity but also lacks quality and is not FSSAI compliant, putting consumers at risk.
The majority of the livestock population is held by Bakerwals who follow traditional methods of farming, resulting in low productivity and profits. The UT has less than five breeds of sheep with the majority being dual purpose breeds such as Kashmir Merino, Rambouillet, and Corriedale. However, there is increasing demand for fast-growing mutton breeds like Dorper, Romnov, South Down and others.
‘Reorienting priorities: Self-Sustenance in mutton production’ is one among the 29 projects, which were approved by the Jammu and Kashmir administration after being recommended by the UT Level Apex Committee for holistic development of Agriculture and allied sectors in UT of J&K. The prestigious committee is being headed by Dr Mangala Rai, Former DG ICAR and has other luminaries in the field of Agriculture, Planning, Statistics & Administration like Ashok Dalwai, CEO NRAA, Dr. P. K Joshi, Secretary, NAAS, Dr. Prabhat Kumar, Horticulture Commissioner MOA & FW, Dr. H. S Gupta, Former Director, IARI, Atal Dulloo, Additional Chief Secretary, APD besides Vice Chancellors of the twin Agriculture Universities of the UT.

The expected output from the project included import of 2700 high genetic merit/elite sheep and goats, increased lambing percentage from 80 to 120 and considerable reduction in marketable age for sheep and goats (40-50 kg in 6 months). The germplasm of the elite animals will be propagated through artificial insemination and embryo transfer techniques to intensify genetic conversion. The project aims to double the farm income through early weight gain, improved carcass yield and production and reduce lamb mortality. Effective health cover is expected to prevent production losses by 20-30% and provide consumers with safe and quality meat.
The project is anticipated to bring significant benefits to farmers and consumers in Jammu and Kashmir. The creation of commercial farms and establishment of breed-based farms will boost mutton production and improve the quality of meat available to consumers. The marketing and value addition initiatives will help farmers get better returns for their produce, while health cover and nutrition interventions will reduce production losses and improve the overall well-being of the animals. The project will also create job opportunities and promote entrepreneurship, contributing to the economic development of the region.
Ultimately, the project which is aimed at to achieve self-reliance in the mutton sector in Jammu and Kashmir, is a crucial step towards meeting the growing demand for mutton in the region. The project also intends to address the shortcomings in the existing mutton production and provide consumers with safe and quality meat. The project is also likely to bring numerous benefits to farmers and consumers, create job opportunities and contribute towards overall economic development of the region.

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#Govt #Approves #Project #Achieve #Reliance #Mutton #Sector
( With inputs from : kashmirlife.net )

February 12, 2023
J&K Govt approves Rs 329 cr 5 year project to achieve self reliance in Mutton sector

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JAMMU, FEBRUARY 12: In view of huge mutton usage in Jammu and Kashmir, especially in the Kashmiri cuisine and in order to reduce meat import in the Union Territory, the government has approved an ambitious Rs 329 crore project for next five years to achieve self reliance in Mutton sector.
The project is aimed at creating 6000 jobs besides setting up of 122 enterprises in the mutton sector in the Union Territory.
The initiative also envisages achieving self-reliance in the mutton sector through a combination of innovative interventions including vertical upgrades, horizontal expansion besides focused attention on health cover and nutrition. One of the major interventions planned is import of muttonous breeds, which will lead to establishment of 72 breed-based farms to provide high genetic merit to animals. Additionally, the project aims to conduct 1,00,000 Artificial Inseminations (AIs) annually and establish 400 new commercial farms every year. The project also focuses on clusterization, creation of mandis, abattoirs and common facility centers (CFCs), to support marketing and value addition of the sector.
“Investing in growth and improvement of mutton sector in J&K is not only about boosting production and reducing import costs, but it is also about providing quality and safe meat to consumers, improving the livelihoods of traditional farmers besides creating new job opportunities in the region.”, said Atal Dulloo, Additional Chief Secretary, Agriculture Production Department.
He added: “Apart from increase in production and productivity forward linkages, which are acutely lacking in the sector, will be established through formation of 50 Farmer Producer Organizations and Self Help Groups with linkage to 10 new abattoirs and in-built value chains integrated with 10 sheep mandis and 50 CFCs.
Mutton has been an essential part of the Kashmiri cuisine for generations and Jammu and Kashmir, with its rich cultural heritage and diverse geography, has a significant demand for mutton. Despite the regions competitive advantage and potential to become self-reliant in the mutton sector, there is a shortfall of 41 per cent leading to an import bill of ₹1400 crore every year. Additionally, the existing mutton production is not only of insufficient quantity but also lacks quality and is not FSSAI compliant, putting consumers at risk.
The majority of the livestock population is held by Bakerwals who follow traditional methods of farming, resulting in low productivity and profits. The UT has less than five breeds of sheep with the majority being dual purpose breeds such as Kashmir Merino, Rambouillet, and Corriedale. However, there is increasing demand for fast-growing mutton breeds like Dorper, Romnov, South Down and others.
‘Reorienting priorities: Self-Sustenance in mutton production’ is one among the 29 projects, which were approved by the Jammu and Kashmir administration after being recommended by the UT Level Apex Committee for holistic development of Agriculture and allied sectors in UT of J&K.
The prestigious committee is being headed by Dr Mangala Rai, Former DG ICAR and has other luminaries in the field of Agriculture, Planning, Statistics & Administration like Ashok Dalwai, CEO NRAA, Dr. P. K Joshi, Secretary, NAAS, Dr. Prabhat Kumar, Horticulture Commissioner MOA & FW, Dr. H. S Gupta, Former Director, IARI, Atal Dulloo, Additional Chief Secretary, APD besides Vice Chancellors of the twin Agriculture Universities of the UT.
The expected output from the project included import of 2700 high genetic merit/elite sheep and goats, increased lambing percentage from 80 to 120 and considerable reduction in marketable age for sheep and goats (40-50 kg in 6 months). The germplasm of the elite animals will be propagated through artificial insemination and embryo transfer techniques to intensify genetic conversion.
The project aims to double the farm income through early weight gain, improved carcass yield and production and reduce lamb mortality. Effective health cover is expected to prevent production losses by 20-30% and provide consumers with safe and quality meat.

The project is anticipated to bring significant benefits to farmers and consumers in Jammu and Kashmir.
The creation of commercial farms and establishment of breed-based farms will boost mutton production and improve the quality of meat available to consumers. The marketing and value addition initiatives will help farmers get better returns for their produce, while health cover and nutrition interventions will reduce production losses and improve the overall well-being of the animals. The project will also create job opportunities and promote entrepreneurship, contributing to the economic development of the region.
Ultimately, the project which is aimed at to achieve self-reliance in the mutton sector in Jammu and Kashmir, is a crucial step towards meeting the growing demand for mutton in the region.
The project also intends to address the shortcomings in the existing mutton production and provide consumers with safe and quality meat. The project is also likely to bring numerous benefits to farmers and consumers, create job opportunities and contribute towards overall economic development of the region.
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#Govt #approves #year #project #achieve #reliance #Mutton #sector
( With inputs from : roshankashmir.net )

February 12, 2023
J&K Govt approves Rs 329 cr 5 year project to achieve self reliance in Mutton sector

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Jammu, Feb 12 (GNS): In view of huge mutton usage in Jammu and Kashmir, especially in the Kashmiri cuisine and in order to reduce meat import in the Union Territory, the government has approved an ambitious Rs 329 crore project for next five years to achieve self reliance in Mutton sector.
The project is aimed at creating 6000 jobs besides setting up of 122 enterprises in the mutton sector in the Union Territory.
The initiative also envisages achieving self-reliance in the mutton sector through a combination of innovative interventions including vertical upgrades, horizontal expansion besides focused attention on health cover and nutrition. One of the major interventions planned is import of muttonous breeds, which will lead to establishment of 72 breed-based farms to provide high genetic merit to animals. Additionally, the project aims to conduct 1,00,000 Artificial Inseminations (AIs) annually and establish 400 new commercial farms every year. The project also focuses on clusterization, creation of mandis, abattoirs and common facility centers (CFCs), to support marketing and value addition of the sector.
“Investing in growth and improvement of mutton sector in J&K is not only about boosting production and reducing import costs, but it is also about providing quality and safe meat to consumers, improving the livelihoods of traditional farmers besides creating new job opportunities in the region.”, said Atal Dulloo, Additional Chief Secretary, Agriculture Production Department.
He added: “Apart from increase in production and productivity forward linkages, which are acutely lacking in the sector, will be established through formation of 50 Farmer Producer Organizations and Self Help Groups with linkage to 10 new abattoirs and in-built value chains integrated with 10 sheep mandis and 50 CFCs.
Mutton has been an essential part of the Kashmiri cuisine for generations and Jammu and Kashmir, with its rich cultural heritage and diverse geography, has a significant demand for mutton. Despite the regions competitive advantage and potential to become self-reliant in the mutton sector, there is a shortfall of 41 per cent leading to an import bill of ₹1400 crore every year. Additionally, the existing mutton production is not only of insufficient quantity but also lacks quality and is not FSSAI compliant, putting consumers at risk.
The majority of the livestock population is held by Bakerwals who follow traditional methods of farming, resulting in low productivity and profits. The UT has less than five breeds of sheep with the majority being dual purpose breeds such as Kashmir Merino, Rambouillet, and Corriedale. However, there is increasing demand for fast-growing mutton breeds like Dorper, Romnov, South Down and others.
‘Reorienting priorities: Self-Sustenance in mutton production’ is one among the 29 projects, which were approved by the Jammu and Kashmir administration after being recommended by the UT Level Apex Committee for holistic development of Agriculture and allied sectors in UT of J&K. The prestigious committee is being headed by Dr Mangala Rai, Former DG ICAR and has other luminaries in the field of Agriculture, Planning, Statistics & Administration like Ashok Dalwai, CEO NRAA, Dr. P. K Joshi, Secretary, NAAS, Dr. Prabhat Kumar, Horticulture Commissioner MOA & FW, Dr. H. S Gupta, Former Director, IARI, Atal Dulloo, Additional Chief Secretary, APD besides Vice Chancellors of the twin Agriculture Universities of the UT.

The expected output from the project included import of 2700 high genetic merit/elite sheep and goats, increased lambing percentage from 80 to 120 and considerable reduction in marketable age for sheep and goats (40-50 kg in 6 months). The germplasm of the elite animals will be propagated through artificial insemination and embryo transfer techniques to intensify genetic conversion. The project aims to double the farm income through early weight gain, improved carcass yield and production and reduce lamb mortality. Effective health cover is expected to prevent production losses by 20-30% and provide consumers with safe and quality meat.
The project is anticipated to bring significant benefits to farmers and consumers in Jammu and Kashmir. The creation of commercial farms and establishment of breed-based farms will boost mutton production and improve the quality of meat available to consumers. The marketing and value addition initiatives will help farmers get better returns for their produce, while health cover and nutrition interventions will reduce production losses and improve the overall well-being of the animals. The project will also create job opportunities and promote entrepreneurship, contributing to the economic development of the region.
Ultimately, the project which is aimed at to achieve self-reliance in the mutton sector in Jammu and Kashmir, is a crucial step towards meeting the growing demand for mutton in the region. The project also intends to address the shortcomings in the existing mutton production and provide consumers with safe and quality meat. The project is also likely to bring numerous benefits to farmers and consumers, create job opportunities and contribute towards overall economic development of the region.(GNS)
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( With inputs from : thegnskashmir.com )

February 12, 2023