Heritage Foods Ltd, a company led by the family of Andhra Pradesh Chief Minister N. Chandrababu Naidu, has welcomed the Union Budget, praising the initiatives aimed at boosting agricultural productivity. The company, India’s second-largest listed dairy company, sees the budget’s focus on strengthening the agriculture and dairy sectors as a positive step towards sustainable and long-term growth. Specifically, the increase in the Kisan Credit Card loan limit to Rs 5 lakh and improvements in credit access are seen as driving forces for the agri-economy. The company is also optimistic about the plan to transition one crore farmers to natural farming methods over the next two years, which aligns with Heritage Foods’ commitment to sustainable and organic practices.
The company’s Executive Director, Brahmani Nara, expressed delight at the budget’s emphasis on the agricultural sector, stating that it will contribute to the growth and prosperity of the agricultural community and the broader economy. She also believes that the initiatives will accelerate India’s journey towards becoming a global agri-food powerhouse. Heritage Foods is a strong supporter of sustainable and organic practices, and the budget’s focus on these areas is seen as a positive step towards achieving this goal. Overall, the company is pleased with the budget’s approach to agriculture and dairy, and is optimistic about the potential for growth and development in these sectors.