Union Minister Smriti Irani inaugurated a state-of-the-art poultry feed plant and Hatchery unit set up by IB Group at Amethi, Uttar Pradesh on August 25, 2023. It has an investment of Rs 160 crores. The newly commissioned plant is spread across 12 acres and has the capacity to produce 600 tonnes of poultry feed per day and 3 lakh broiler chicks per day.
IB Group has a turnover of Rs 7,782 crores in FY 22 however, with the inauguration of the new plant, the group now has 5 poultry feed plants having a total capacity to produce 5800 tons of poultry feed per day. Besides, the group has 6 hatcheries, and a presence across 26 Indian states for its poultry, livestock feed, and edible oil businesses. IB Group is among the top 3 largest poultry players in Asia and a market leader in fish feed in India and edible oil in Central India.
“I would like to thank IB Group for setting up the largest poultry feed plant in Uttar Pradesh in Amethi, which is far from Chattisgarh. For the growth of the country’s GDP, it is imperative to strengthen the poultry industry. I am hopeful that with technical support to young and talented farmers here, the plant will make its own mark very soon.” said Smriti Irani.
Commenting on the commissioning of the new plant, Bahadur Ali, Founder, IB Group said, “IB Group is aligned with the Honorable Prime Minister’s prioritization of development at the grassroots level. We are privileged to set up the biggest poultry feed plant and hatchery unit of UP which has immense potential to generate local employment. The new plant will also benefit maize and soya-growing farmers of this region. IB Group is committed to offering business opportunities and technology support to young and new poultry farmers in UP thereby improving their livelihood and making Uttar Pradesh a developed and an Atmanirbhar state in the region.”
IB Group
IB Group was established in 1985. It is a diversified conglomerate with a presence in Hatcheries, Broiler and Layer Breeding, Genetic research and Poultry diseases diagnostic, Livestock feed (poultry, fish, and shrimp), soybean extract, Edible oil, and Chicken processing.
The company has a pan-India presence a strong dealer network and a total workforce of 15000+ employees. The Group has ambitious growth plans and is targeting to double the business by 2027.
