The selling price of milk will be increased by Rs.3 a litre by the Karnataka Milk Federation (KMF), Balachandra Jarkiholi chairman of the federation said.
He further added the revised price will help farmers as procurement prices will go up automatically.
The Belagavi district milk union laid a foundation stone laying for a refrigeration and cold storage facility being built at a cost of ₹10 crore.
The refrigeration unit will come up on a five-acre area. It will have the capacity to cool 30,000 litres per day.
The chairman further added that KMF will set up a state-of-the-art Nandini milk plant in Belagavi at a cost of ₹400 crore which will create 4,000 jobs.