Summary

The skimmed milk powder market in India size reached INR 162.0 Billion in 2024. Looking forward, IMARC Group expects the market to reach INR 355.0 Billion by 2033, exhibiting a growth rate (CAGR) of 9.1% during 2025-2033. Increasing health consciousness, rising inclination towards a nutritious diet, and the growing reliance on e-commerce websites represent some of the key factors driving the market.

Skimmed milk powder is produced by removing the fat from fresh pasteurized milk and evaporating the remaining liquid until it becomes a dry powder. It offers a longer shelf life and can be reconstituted with water to create a liquid milk product. It is rich in protein, calcium, vitamins, potassium, phosphorus, magnesium, minerals, and other essential nutrients. It aids in supporting muscle growth and repair, improving bone health, promoting weight management, enhancing heart health, and boosting the immune system. It also enhances brain function, promotes healthy skin, reduces inflammation, and minimizes the risk of developing irritable bowel syndrome (IBS) and diabetes. At present, product manufacturers operating in India are introducing organic, and sugar and lactose-free product variants to expand their product portfolio. They are also focusing on launching skimmed milk powder in different flavors like chocolate, hazelnut, caramel, vanilla, strawberry, and blueberries.

Skimmed Milk Powder Market in India Trends:
The increasing health consciousness and the rising awareness among the masses about the health benefits of skimmed milk powder represent one of the major factors facilitating the market growth in India. Moreover, skimmed milk powder is used in the preparation of numerous bakery goods, dairy products, and beverages, including bread, cakes, chocolates, candies, ice cream, cheese, yogurt, hot chocolate, soups, and shakes, which are served across restaurants and other commercial food outlets. This, coupled with the burgeoning food and beverage (F&B) industry, is contributing to the market growth in the country. In addition, rapid urbanization, expanding purchasing power of the consumer, and the growing inclination of individuals towards a healthy and nutritious diet is driving the demand for skimmed milk powder based ready to eat (RTE) food products in the country. Apart from this, there is an increase in the use of skimmed milk powder in the manufacturing of baby food and infant formula to improve digestion. This, along with the rising concerns of parents about the balanced nutrition of their children, is favoring the growth of the market. furthermore, the growing reliance on e-commerce websites due to the advantages offered by these websites, such as easy availability, cashback, discounted prices, secure payment, and cash-on-delivery (COD), is creating a positive outlook for the market in the country.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the skimmed milk powder market in India, along with forecasts at the regional and country levels from 2025-2033. Our report has categorized the market based on sector.

Sector Insights:

? Retail
? Institutional

The report has provided a detailed breakup and analysis of the skimmed milk powder market in India based on the sector. This includes retail and institutional. According to the report, institutional represented the largest segment.

States Insights:

? Karnataka
? Maharashtra
? Tamil Nadu
? Delhi
? Gujarat
? Andhra Pradesh and Telangana
? Uttar Pradesh
? West Bengal
? Kerala
? Haryana
? Punjab
? Rajasthan
? Madhya Pradesh
? Bihar
? Orissa

The report has also provided a comprehensive analysis of all the major states markets, which include Karnataka, Maharashtra, Tamil Nadu, Delhi, Gujrat, Andhra Pradesh And Telangana, Uttar Pradesh, West Bengal, Kerala, Haryana, Punjab, Rajasthan, Madhya Pradesh, Bihar, and Orissa. According to the report, West Bengal was the largest market for skimmed milk powder in India. Some of the factors driving the West Bengal skimmed milk powder market in India included the rising consumption of RTE food products, easy availability, product innovations, etc.

Competitive Landscape:
The report has also provided a comprehensive analysis of the competitive landscape in the skimmed milk powder market in India. Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. Some of the companies covered include GCMMF, KMF, Mother Dairy, TN Cooperative and RCDF. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.

Key Questions Answered in This Report
1.What was the size of the skimmed milk powder market in India in 2024?
2.What is the expected growth rate of the skimmed milk powder market in India during 2025-2033?
3.What are the key factors driving the skimmed milk powder market in India?
4.What has been the impact of COVID-19 on the skimmed milk powder market in India?
5.What are the key regions in the skimmed milk powder market in India?
6.Who are the key players/companies in the skimmed milk powder market in India?

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Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Indian Dairy Industry
5.1 Market Overview
5.2 Market Performance
5.3 Market by Organised and Unorganised Segment
5.4 Milk Production and Consumption Trends
5.4.1 Current and Historical Trends
5.4.2 Production and Consumption Forecast
5.5 Milk Production by State
5.6 Milk Production by Cattle
5.7 Milk Utilization Patterns in India
5.8 Market Forecast
6 Indian Skimmed Milk Powder Market
6.1 Market Overview
6.2 Market Performance
6.2.1 Volume Trends
6.2.2 Value Trends
6.3 Impact of COVID-19
6.4 Price Trends
6.4.1 Milk Procurement Price Trends
6.4.2 Skimmed Milk Powder Price Trends
6.5 Market Breakup by Region
6.6 Market Forecast
6.7 SWOT Analysis
6.7.1 Overview
6.7.2 Strengths
6.7.3 Weaknesses
6.7.4 Opportunities
6.7.5 Threats
6.8 Value Chain Analysis
6.9 Porter’s Five Forces Analysis
6.9.1 Overview
6.9.2 Bargaining Power of Buyers
6.9.3 Bargaining Power of Suppliers
6.9.4 Degree of Competition
6.9.5 Threat of New Entrants
6.9.6 Threat of Substitutes
6.10 Key Success Factors and Risk Factors
7 Performance of Key Regions
7.1 Karnataka
7.1.1 Market Performance
7.1.1.1 Volume Trends
7.1.1.2 Value Trends
7.1.2 Competitive Landscape
7.1.3 Market Forecast
7.1.3.1 Volume Trends
7.1.3.2 Value Trends
7.2 Maharashtra
7.2.1 Market Performance
7.2.1.1 Volume Trends
7.2.1.2 Value Trends
7.2.2 Competitive Landscape
7.2.3 Market Forecast
7.2.3.1 Volume Trends
7.2.3.2 Value Trends
7.3 Tamil Nadu
7.3.1 Market Performance
7.3.1.1 Volume Trends
7.3.1.2 Value Trends
7.3.2 Competitive Landscape
7.3.3 Market Forecast
7.3.3.1 Volume Trends
7.3.3.2 Value Trends
7.4 Delhi
7.4.1 Market Performance
7.4.1.1 Volume Trends
7.4.1.2 Value Trends
7.4.2 Competitive Landscape
7.4.3 Market Forecast
7.4.3.1 Volume Trends
7.4.3.2 Value Trends
7.5 Gujarat
7.5.1 Market Performance
7.5.1.1 Volume Trends
7.5.1.2 Value Trends
7.5.2 Competitive Landscape
7.5.3 Market Forecast
7.5.3.1 Volume Trends
7.5.3.2 Value Trends
7.6 Andhra Pradesh and Telangana
7.6.1 Market Performance
7.6.1.1 Volume Trends
7.6.1.2 Value Trends
7.6.2 Competitive Landscape
7.6.3 Market Forecast
7.6.3.1 Volume Trends
7.6.3.2 Value Trends
7.7 Uttar Pradesh
7.7.1 Market Performance
7.7.1.1 Volume Trends
7.7.1.2 Value Trends
7.7.2 Competitive Landscape
7.7.3 Market Forecast
7.7.3.1 Volume Trends
7.7.3.2 Value Trends
7.8 West Bengal
7.8.1 Market Performance
7.8.1.1 Volume Trends
7.8.1.2 Value Trends
7.8.2 Competitive Landscape
7.8.3 Market Forecast
7.8.3.1 Volume Trends
7.8.3.2 Value Trends
7.9 Kerala
7.9.1 Market Performance
7.9.1.1 Volume Trends
7.9.1.2 Value Trends
7.9.2 Competitive Landscape
7.9.3 Market Forecast
7.9.3.1 Volume Trends
7.9.3.2 Value Trends
7.10 Haryana
7.10.1 Market Performance
7.10.1.1 Volume Trends
7.10.1.2 Value Trends
7.10.2 Competitive Landscape
7.10.3 Market Forecast
7.10.3.1 Volume Trends
7.10.3.2 Value Trends
7.11 Punjab
7.11.1 Market Performance
7.11.1.1 Volume Trends
7.11.1.2 Value Trends
7.11.2 Competitive Landscape
7.11.3 Market Forecast
7.11.3.1 Volume Trends
7.11.3.2 Value Trends
7.12 Rajasthan
7.12.1 Market Performance
7.12.1.1 Volume Trends
7.12.1.2 Value Trends
7.12.2 Competitive Landscape
7.12.3 Market Forecast
7.12.3.1 Volume Trends
7.12.3.2 Value Trends
7.13 Madhya Pradesh
7.13.1 Market Performance
7.13.1.1 Volume Trends
7.13.1.2 Value Trends
7.13.2 Competitive Landscape
7.13.3 Market Forecast
7.13.3.1 Volume Trends
7.13.3.2 Value Trends
7.14 Bihar
7.14.1 Market Performance
7.14.1.1 Volume Trends
7.14.1.2 Value Trends
7.14.2 Competitive Landscape
7.14.3 Market Forecast
7.14.3.1 Volume Trends
7.14.3.2 Value Trends
7.15 Orissa
7.15.1 Market Performance
7.15.1.1 Volume Trends
7.15.1.2 Value Trends
7.15.2 Competitive Landscape
7.15.3 Market Forecast
7.15.3.1 Volume Trends
7.15.3.2 Value Trends
8 Market Breakup by Sector
8.1 Retail Sector
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Institutional Sector
8.1.1 Market Trends
8.1.2 Market Forecast
9 Competitive Landscape
9.1 Competitive Structure
9.2 Market Share of Key Players
10 Skimmed Milk Powder Manufacturing Process
10.1 Product Overview
10.2 Detailed Process Flow
10.3 Various Types of Unit Operations Involved
10.4 Mass Balance and Raw Material Requirements
11 Project Details, Requirements and Costs Involved
11.1 Land Requirements and Expenditures
11.2 Construction Requirements and Expenditures
11.3 Plant Machinery
11.4 Machinery Pictures
11.5 Raw Material Requirements and Expenditures
11.6 Raw Material and Final Product Pictures
11.7 Packaging Requirements and Expenditures
11.8 Transportation Requirements and Expenditures
11.9 Utility Requirements and Expenditures
11.10 Manpower Requirements and Expenditures
11.11 Other Capital Investments
12 Loans and Financial Assistance
13 Project Economics
13.1 Capital Cost of the Project
13.2 Techno-Economic Parameters
13.3 Product Pricing and Margins Across Various Levels of the Supply Chain
13.4 Taxation and Depreciation
13.5 Income Projections
13.6 Expenditure Projections
13.7 Financial Analysis
13.8 Profit Analysis
14 Key Player Profiles

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List of Tables/Graphs

List of Figures

Figure 1: India: Dairy Industry Overview
Figure 2: India: Dairy Market (in Billion INR), 2019-2024
Figure 3: India: Dairy Market: Breakup by Segment (in %), 2024
Figure 4: India: Total Milk Production (in Million Metric Tons), 2019-20 ? 2024-25
Figure 5: India: Total Milk Consumption (in Million Metric Tons), 2019-20 ? 2024-25
Figure 6: India: Total Milk Production Forecast (in Million Metric Tons), 2025-26 ? 2033-34
Figure 7: India: Total Milk Consumption Forecast (in Million Metric Tons), 2025-26 ? 2033-34
Figure 8: India: Milk Utilisation Patterns
Figure 9: India: Dairy Market Forecast (in Billion INR), 2025-2033
Figure 10: India: Skimmed Milk Powder Industry Overview
Figure 11: India: Skimmed Milk Powder Market: Volume Trends (in Million Kg), 2019-2024
Figure 12: India: Skimmed Milk Powder Market: Value Trends (in Billion INR), 2019-2024
Figure 13: India: Milk Market: Procurement Price Trends (in INR/Kg), 2019-2024
Figure 14: India: Skimmed Milk Powder Market: Retail Price Trends (in INR/Kg), 2019-2024
Figure 15: India: Skimmed Milk Powder Market: Breakup by Region (in %), 2024
Figure 16: India: Skimmed Milk Powder Market Forecast: Volume Trends (in Million Kg), 2025-2033
Figure 17: India: Skimmed Milk Powder Market Forecast: Value Trends (in Billion INR), 2025-2033
Figure 18: India: Skimmed Milk Powder Industry: SWOT Analysis
Figure 19: India: Skimmed Milk Powder Industry: Value Chain Analysis
Figure 20: India: Skimmed Milk Powder Industry: Porter’s Five Forces Analysis
Figure 21: Karnataka: Skimmed Milk Powder Market: Volume Trends (in Million Kg), 2019-2024
Figure 22: Karnataka: Skimmed Milk Powder Market: Value Trends (in Million INR), 2019-2024
Figure 23: Karnataka: Skimmed Milk Powder Market: Breakup of Key Players (in %), 2024
Figure 24: Karnataka: Skimmed Milk Powder Market Forecast: Volume Trends (in Million Kg), 2025-2033
Figure 25: Karnataka: Skimmed Milk Powder Market Forecast: Value Trends (in Million INR), 2025-2033
Figure 26: Maharashtra: Skimmed Milk Powder Market: Volume Trends (in Million Kg), 2019-2024
Figure 27: Maharashtra: Skimmed Milk Powder Market: Value Trends (in Million INR), 2019-2024
Figure 28: Maharashtra: Skimmed Milk Powder Market: Breakup of Key Players (in %), 2024
Figure 29: Maharashtra: Skimmed Milk Powder Market Forecast: Volume Trends (in Million Kg), 2025-2033
Figure 30: Maharashtra: Skimmed Milk Powder Market Forecast: Value Trends (in Million INR), 2025-2033
Figure 31: Tamil Nadu: Skimmed Milk Powder Market: Volume Trends (in Million Kg), 2019-2024
Figure 32: Tamil Nadu: Skimmed Milk Powder Market: Value Trends (in Million INR), 2019-2024
Figure 33: Tamil Nadu: Skimmed Milk Powder Market: Breakup of Key Players (in %), 2024
Figure 34: Tamil Nadu: Skimmed Milk Powder Market Forecast: Volume Trends (in Million Kg), 2025-2033
Figure 35: Tamil Nadu: Skimmed Milk Powder Market Forecast: Value Trends (in Million INR), 2025-2033
Figure 36: Delhi: Skimmed Milk Powder Market: Volume Trends (in Million Kg), 2019-2024
Figure 37: Delhi: Skimmed Milk Powder Market: Value Trends (in Million INR), 2019-2024
Figure 38: Delhi: Skimmed Milk Powder Market: Breakup of Key Players (in %), 2024
Figure 39: Delhi: Skimmed Milk Powder Market Forecast: Volume Trends (in Million Kg), 2025-2033
Figure 40: Delhi: Skimmed Milk Powder Market Forecast: Value Trends (in Million INR), 2025-2033
Figure 41: Gujarat: Skimmed Milk Powder Market: Volume Trends (in Million Kg), 2019-2024
Figure 42: Gujarat: Skimmed Milk Powder Market: Value Trends (in Million INR), 2019-2024
Figure 43: Gujarat: Skimmed Milk Powder Market: Breakup of Key Players (in %), 2024
Figure 44: Gujarat: Skimmed Milk Powder Market Forecast: Volume Trends (in Million Kg), 2025-2033
Figure 45: Gujarat: Skimmed Milk Powder Market Forecast: Value Trends (in Million INR), 2025-2033
Figure 46: Andhra Pradesh and Telangana: Skimmed Milk Powder Market: Volume Trends (in Million Kg), 2019-2024
Figure 47: Andhra Pradesh and Telangana: Skimmed Milk Powder Market: Value Trends (in Million INR), 2019-2024
Figure 48: Andhra Pradesh and Telangana: Skimmed Milk Powder Market: Breakup of Key Players (in %), 2024
Figure 49: Andhra Pradesh and Telangana: Skimmed Milk Powder Market Forecast: Volume Trends (in Million Kg), 2025-2033
Figure 50: Andhra Pradesh and Telangana: Skimmed Milk Powder Market Forecast: Value Trends (in Million INR), 2025-2033
Figure 51: Uttar Pradesh: Skimmed Milk Powder Market: Volume Trends (in Million Kg), 2019-2024
Figure 52: Uttar Pradesh: Skimmed Milk Powder Market: Value Trends (in Million INR), 2019-2024
Figure 53: Uttar Pradesh: Skimmed Milk Powder Market: Breakup of Key Players (in %), 2024
Figure 54: Uttar Pradesh: Skimmed Milk Powder Market Forecast: Volume Trends (in Million Kg), 2025-2033
Figure 55: Uttar Pradesh: Skimmed Milk Powder Market Forecast: Value Trends (in Million INR), 2025-2033
Figure 56: West Bengal: Skimmed Milk Powder Market: Volume Trends (in Million Kg), 2019-2024
Figure 57: West Bengal: Skimmed Milk Powder Market: Value Trends (in Million INR), 2019-2024
Figure 58: West Bengal: Skimmed Milk Powder Market: Breakup of Key Players (in %), 2024
Figure 59: West Bengal: Skimmed Milk Powder Market Forecast: Volume Trends (in Million Kg), 2025-2033
Figure 60: West Bengal: Skimmed Milk Powder Market Forecast: Value Trends (in Million INR), 2025-2033
Figure 61: Kerala: Skimmed Milk Powder Market: Volume Trends (in Million Kg), 2019-2024
Figure 62: Kerala: Skimmed Milk Powder Market: Value Trends (in Million INR), 2019-2024
Figure 63: Kerala: Skimmed Milk Powder Market: Breakup of Key Players (in %), 2024
Figure 64: Kerala: Skimmed Milk Powder Market Forecast: Volume Trends (in Million Kg), 2025-2033
Figure 65: Kerala: Skimmed Milk Powder Market Forecast: Value Trends (in Million INR), 2025-2033
Figure 66: Haryana: Skimmed Milk Powder Market: Volume Trends (in Million Kg), 2019-2024
Figure 67: Haryana: Skimmed Milk Powder Market: Value Trends (in Million INR), 2019-2024
Figure 68: Haryana: Skimmed Milk Powder Market: Breakup of Key Players (in %), 2024
Figure 69: Haryana: Skimmed Milk Powder Market Forecast: Volume Trends (in Million Kg), 2025-2033
Figure 70: Haryana: Skimmed Milk Powder Market Forecast: Value Trends (in Million INR), 2025-2033
Figure 71: Punjab: Skimmed Milk Powder Market: Volume Trends (in Million Kg), 2019-2024
Figure 72: Punjab: Skimmed Milk Powder Market: Value Trends (in Million INR), 2019-2024
Figure 73: Punjab: Skimmed Milk Powder Market: Breakup of Key Players (in %), 2024
Figure 74: Punjab: Skimmed Milk Powder Market Forecast: Volume Trends (in Million Kg), 2025-2033
Figure 75: Punjab: Skimmed Milk Powder Market Forecast: Value Trends (in Million INR), 2025-2033
Figure 76: Rajasthan: Skimmed Milk Powder Market: Volume Trends (in Million Kg), 2019-2024
Figure 77: Rajasthan: Skimmed Milk Powder Market: Value Trends (in Million INR), 2019-2024
Figure 78: Rajasthan: Skimmed Milk Powder Market: Breakup of Key Players (in %), 2024
Figure 79: Rajasthan: Skimmed Milk Powder Market Forecast: Volume Trends (in Million Kg), 2025-2033
Figure 80: Rajasthan: Skimmed Milk Powder Market Forecast: Value Trends (in Million INR), 2025-2033
Figure 81: Madhya Pradesh: Skimmed Milk Powder Market: Volume Trends (in Million Kg), 2019-2024
Figure 82: Madhya Pradesh: Skimmed Milk Powder Market: Value Trends (in Million INR), 2019-2024
Figure 83: Madhya Pradesh: Skimmed Milk Powder Market: Breakup of Key Players (in %), 2024
Figure 84: Madhya Pradesh: Skimmed Milk Powder Market Forecast: Volume Trends (in Million Kg), 2025-2033
Figure 85: Madhya Pradesh: Skimmed Milk Powder Market Forecast: Value Trends (in Million INR), 2025-2033
Figure 86: Bihar: Skimmed Milk Powder Market: Volume Trends (in Million Kg), 2019-2024
Figure 87: Bihar: Skimmed Milk Powder Market: Value Trends (in Million INR), 2019-2024
Figure 88: Bihar: Skimmed Milk Powder Market: Breakup of Key Players (in %), 2024
Figure 89: Bihar: Skimmed Milk Powder Market Forecast: Volume Trends (in Million Kg), 2025-2033
Figure 90: Bihar: Skimmed Milk Powder Market Forecast: Value Trends (in Million INR), 2025-2033
Figure 91: Orissa: Skimmed Milk Powder Market: Volume Trends (in Million Kg), 2019-2024
Figure 92: Orissa: Skimmed Milk Powder Market: Value Trends (in Million INR), 2019-2024
Figure 93: Orissa: Skimmed Milk Powder Market: Breakup of Key Players (in %), 2024
Figure 94: Orissa: Skimmed Milk Powder Market Forecast: Volume Trends (in Million Kg), 2025-2033
Figure 95: Orissa: Skimmed Milk Powder Market Forecast: Value Trends (in Million INR), 2025-2033
Figure 96: India: Skimmed Milk Powder Market: Retail Sales (in Million Kg), 2019 & 2024
Figure 97: India: Skimmed Milk Powder Market Forecast: Retail Sales (in Million Kg), 2025-2033
Figure 98: India: Skimmed Milk Powder Market: Institutional Sales (in Million Kg), 2019 & 2024
Figure 99: India: Skimmed Milk Powder Market Forecast: Institutional Sales (in Million Kg), 2025-2033
Figure 100: India: Skimmed Milk Powder Market: Breakup of Key Players (in %), 2024
Figure 101: Skimmed Milk Powder Manufacturing: Detailed Process Flow
Figure 102: Skimmed Milk Powder Manufacturing: Conversion Rate of Feedstocks
Figure 103: Skimmed Milk Powder Manufacturing Plant: Breakup of Capital Costs (in %)
Figure 104: Skimmed Milk Powder Industry: Profit Margins at Various Levels of the Supply Chain
Figure 105: Skimmed Milk Powder Production: Manufacturing Cost Breakup (in %)

List of Tables

Table 1: India: Dairy Market: Key Industry Highlights, 2024 and 2033
Table 2: India: Milk Production Breakup by State, 2019-20 ? 2024-25
Table 3: India: Milk Production Breakup by Cattle, 2019-20 ? 2024-25
Table 4: India: Skimmed Milk Powder Market Forecast: Breakup by Region, 2025-2033
Table 5: India: Skimmed Milk Powder Market Forecast: Breakup by Sector, 2025-2033
Table 6: India: Skimmed Milk Powder Market: Competitive Structure
Table 7: India: Skimmed Milk Powder Market: Key Players
Table 8: Skimmed Milk Powder Manufacturing Plant: Costs Related to Land and Site Development (in INR)
Table 9: Skimmed Milk Powder Manufacturing Plant: Costs Related to Civil Works (in INR)
Table 10: Skimmed Milk Powder Manufacturing Plant: Costs Related to Machinery (in INR)
Table 11: Skimmed Milk Powder Manufacturing Plant: Raw Material Requirements (in Tons/Day) and Expenditure (INR/Ton)
Table 12: Skimmed Milk Powder Manufacturing Plant: Costs Related to Salaries and Wages (in INR)
Table 13: Skimmed Milk Powder Manufacturing Plant: Costs Related to Other Capital Investments (in INR)
Table 14: Details of Financial Assistance Offered by Financial Institutions
Table 15: Skimmed Milk Powder Manufacturing Plant: Capital Costs (in INR)
Table 16: Skimmed Milk Powder Manufacturing Plant: Techno-Economic Parameters
Table 17: Skimmed Milk Powder Manufacturing Plant: Taxation and Depreciation (in INR)
Table 18: Skimmed Milk Powder Manufacturing Plant: Income Projections (in INR)
Table 19: Skimmed Milk Powder Manufacturing Plant: Expenditure Projections (in INR)
Table 20: Skimmed Milk Powder Manufacturing Plant: Cash Flow Analysis Without Considering the Income Tax Liability (in INR)
Table 21: Skimmed Milk Powder Manufacturing Plant: Cash Flow Analysis on Considering the Income Tax Liability (in INR)
Table 22: Skimmed Milk Powder Manufacturing Plant: Profit and Loss Account (in INR)