First pan-India household gold consumption survey to be released in January

The India Gold Policy Center, a think tank at the Indian Institute of Ahmedabad sponsored by the World Gold Council, is likely to release the findings of its first pan-India household gold consumption survey in January. Professor Arvind Sahay, chairperson of the center, told indoasiancommodities.com that the survey, which would become a bi-annual affair from […]

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Positive trends for India’s farm sector in H2, up to 3.5% agri growth expected in FY 21, says ICRA

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Credit rating agency ICRA, which last month projected a hefty 11 percent contraction in India’s GDP growth in 2020-21, is expecting the exceptionally good run of the country’s farm sector to contribute to growth in the second half of the current fiscal. The agency released its broader report on economic growth trends in the agriculture sector […]

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KAY2 steel adds premium bar product to portfolio, says expects turnaround in H2

KAY2 TMT, India’s youngest steel bar manufacturing brand, has unveiled a new product line despite Covid shocks impacting domestic-focused steel product firms severely, and a senior company official said the move showed the company’s commitment to grow even in a turbulent market. “KAY2 Xenox is a premium brand of TMT Bars which offers unique rib […]

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UP government to spend Rs 2600 crore in creating fresh agri storage facility, says chief minister

The government of the Indian state of Uttar Pradesh is slated to spend around Rs 2,600 crore in creating over 5,000 storage units for agriculture produce across the state, Chief Minister Yogi Adityanath told an a conference organised by industry conference CII on Friday. He said improving agriculture infrastructure was a top priority of his […]

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Interview – Covid vaccine storage and distribution unlikely to be a logistical nightmare for India

Apprehensions around India’s ability to handle the distribution and storage of the Coronavirus vaccines that are expected to come into place next year mostly unfounded, a top cold chain industry expert said. The world is gearing up to the possibility of finally finding an antidote for the dreaded virus that has killed tens of thousands […]

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Stringent food traceability measures needed to counter fake products, says industry

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India will need to introduce stringent food traceability measures to check the rising menace of fake food products passed on to a large number of unsuspecting consumers through various distribution channels, a top industry official said. Nakul Pasricha, President of Authentication Solution Providers’ Association (ASPA), told indoasiancommodities.com that said India was in the forefront of […]

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FarmerZone project ready to move beyond pilot stage, slated to cover 20 crops

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FarmerZone, an ambitious project of the Department of Biotechnology (DBT) at the Ministry of Science and Technology meant to create a cloud-based open data source advisory platform for farmers, is ready to move beyond the pilot stage. IIT Mandi is spearheading the pilot project and one of the key supervisors of the programme told indoasiancommodities.com […]

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Interview – India’s agri reforms to provide major boost to the seed business, says industry official

India’s latest agri sector reforms, which have triggered massive protests by farmers, will only accelerate the pace of growth of the country’s $3 billion domestic seed manufacturing business, a top industry official said Dr. Ram Kaundinya, Director General, Federation of Seed Industry of India (FSII), told indoasiancommodities.com that the new liberalised regime, the research–oriented seed companies are […]

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Interview – Agri retail start-up Krishika Kisan Mart eyes strong north India positioning

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Krishika Kisan Mart, an agri retail start-up which made its debut recently in four locations in Uttar Pradesh, is eyeing for a strong presence in the prominent north Indian states in the near to medium run. Anshumali Dwivedi, Founder & Managing Director of the venture, told indoasiancommodities.com that the retail chain was looking for an […]

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Govt’s stand on not allowing price protection may disrupt India’s larger agri-reforms agenda, warns farmer leader

India’s ruling Bharatiya Janata Party (BJP) might be celebrating after finally pushing through key agriculture reforms in parliament, but farmer leaders have raised concerns, saying hat the government may have lost the trust of farmers by not responding to their most important demand. “We were asking for minimum support price (MSP) assurance for only 23 […]

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