Indian farmers join traders’ call to boycott China goods, boost self-reliance

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Indian farmers joined an influential traders group on Thursday in a campaign to slash import of goods from China and boost economic self-sufficiency. The calls for reduction of import dependency on China started since the Covid outbreak earlier this year, which disrupted supplies from the world’s second-biggest economy. The movement has gathered intensity following a medieval-style clash […]

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India, world’s second-biggest steelmaker, charts out logistics path to slash costs

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India, world’s second-largest steel producer, is planning a multi-pronged approach to slash the significant cost of logistics that is eroding the metal’s global competitiveness, Minister of State for Steel Faggan Singh Kulaste said on Wednesday. Speaking at a webinar titled “Supportive Logistics for Indian Iron and Steel, the minister said the government is aiming to […]

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India plans limited imports of rough diamonds following month-long halt

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India, the world’s largest diamond cutting and polishing centre, is planning to reopen imports of rough stones in a limited way from July after imposing a temporary halt this month, a senior industry official said. Dinesh Navadiya, president of Surat Diamond Association, India”s main centre for cutting, polishing and re-export of diamonds, told indoasiancommodities.com that […]

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Tech boom in India’s rural heartland helps farmers connect better with markets amid pandemic

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In the middle of one of India’s worst COVID-affected states Maharashtra, farmer Atul Takte turns to his dusty smartphone for help every time he wants to buy farm inputs or sell his produce online. “This is great. I can even get the latest information on how best to grow papayas,” he says, referring to an […]

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India, world’s second-biggest rice producer, eyes big crop thanks to strong monsoon rains

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India, world’s second-largest rice exporter, is likely to see a 10% rise in acreage this year amid expectations of bountiful monsoon rains, a senior government official said. Sowing of the No. 1 staple crop has started in parts of the country and is expected to gather pace over the next few weeks in tandem with the […]

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India’s largest packaging company UFlex says plastics not a bad word post coronavirus pandemic

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Uflex, India’s largest listed plastics and packaging company, says that the Covid-19 pandemic is creating new opportunities for growth especially in food and perishables segment amid heightened concerns about safety and sanitation following the spread of the virus.. Amitava Ray, executive director of UFlex, spoke to Biman Mukehrji of indoasiancommodities.com about the business outlook for the […]

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Suguna Foods in strategy shift to mend poultry business after Covid-19 hit

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Coimbatore-based Suguna Foods, the 10th-largest poultry enterprise in the world, was in a tight spot when the pandemic erupted. Its demand plummeted amid rumours that linked chicken consumption to Covid infections. The company also hit a wall in sourcing poultry from farmers and selling them to end consumers amid the nationwide lockdown curbs on movement.  But Suguna […]

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India’s oil and gas sector pledges to step up use of domestic steel: Minister Pradhan

India’s oil and gas sector will be intensifying its use of domestically-manufactured steel with an aim to boost the metal’s consumption from the sector that is abysmally low currently, Dharmendra Pradhan, Minister for Steel and Petroleum and Natural Gas, told a conference organised by the Federation of Indian Chambers of Commerce and Industry (FICCI). India […]

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