Sid’s Farm, a premium dairy brand based in Telangana, announced its selection as a participant in the prestigious Inclusive Business Program by the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP). This milestone was reached with the signing of a Memorandum of Understanding (MOU) between Ecociate, Endeva (Coach), and Sid's Farm (Coachee), further cementing their commitment to promoting inclusive and sustainable business practices.
Under the Inclusive Business Program, Sid's Farm will embark on an ambitious project titled "Improving Smallholder Dairy Farmers' Milk Productivity by 1.2x Annually." This project aims to generate meaningful social impact for smallholder farmers and individuals at the base of the economic pyramid, all while ensuring economic viability.
According to Santosh Gupta, director, Sustainable Agriculture at Ecociate, said, “We are excited about the potential this coaching program holds for an inclusive business journey and are keen to start working with Sid’s Farm. Their commitment to inclusive business marks a significant step forward in our collaboration. Together we can bring about lasting changes in the realm of sustainable agricultural practices in India.”
Commenting on the inclusion, Dr. Kishore Indukuri, founder, Sid’s Farm said, “We are honoured to have received this opportunity. We have been working tirelessly for years now towards the creation of ethical and sustainable dairy farming practices within our ever-growing network of farmers, and it is truly humbling when you are among the chosen few for a prestigious and impactful ESCAP programme as recognition of your efforts.”
The program will target 500 small-scale producers, with a special focus on empowering women in agriculture, with 300 female smallholder dairy farmers. By June 2024, a comprehensive comparison will be made between the progress reports submitted by Sid's Farm in October 2023 and the projected results. Sid's Farm aims to achieve a remarkable 20% increase in milk productivity among these farmers, directly or indirectly benefitting a network of 2,200 individuals.
ESCAP's decision to select Sid's Farm for its coaching services is a testament to the company's dedication to fostering positive social and economic change at the grassroots level. In-depth discussions took place during a physical session involving Sid's Farm's team members, leading to this exciting partnership.
Furthermore, as a participant in the ESCAP Inclusive Business Program, Sid's Farm is honored to be invited to join the prestigious investment dialogue in India and participate in various other activities that align with the program's objectives. These activities are being facilitated by ESCAP with the support of the Bill & Melinda Gates Foundation.
Sid's Farm is committed to making a significant difference in the lives of smallholder dairy farmers and the communities at the base of the economic pyramid. This partnership with ESCAP, Ecociate, and Endeva is a significant step towards a brighter and more sustainable future for all stakeholders involved.