Major players in India’s vast fast moving consumer goods (FMCG) segment are being forced to resort to desperate measures such as cutting back on product variants after their regular supply models were battered by the lockdown triggered by fears over spread of the coronavirus pandemic. Supply chain managers of leading FMCG are battling logistics nightmares […]
Tractor sales in India are expected be poor fro the second straight year, as production lines halted completely thanks to the national lockdown because of the coronavirus pandemic, but a good monsoon could results in a lesser-than-expected contraction, Rohan Kanwar Gupta, Assistant Vice President of credit rating agency ICRA, tells Ritwik Sinha in an interview. […]
The key to reap real benefits of the big bang reforms for the agriculture sector recently announced by the government would be in demolishing several layers of controls as envisaged in the proposal, noted agriculture economist Ashok Gulati said. Gulati, chair professor for agriculture at the Indian Council for Research on International economics (ICRIER), said […]
India’s Finance Minister Nirmala Sitharaman recently announced a slew of reforms and financial initiatives to kickstart the economy ravaged by the Covid -19 pandemic and subsequent lockdown of the country. As part of the government’s stimulus package, a one-time liquidity injection of Rs 900 billion has been earmarked for power distribution companies (discoms), which have […]
Despite partial resumption in shipment of coffee to some European countries in the recent weeks after major disruption due to a coronavirus prompted national lockdown and a somewhat similar situation in importing markets, Indian coffee exporters are looking at a gloomy season with new orders not coming their way. Speaking with indoasiancommodities.com, Ramesh Rajah, President, […]
The Asian Development Bank (ADB) doubled its estimate of the impact of the coronavirus pandemic on global economy, saying it expected economic losses of between i $5.8 trillion to $8.8 trillion, or 6.4% to 9.7% of global gross domestic product (GDP). Economies with domestic outbreaks and strict lockdowns will be hardest hit as domestic demand […]
The national lockdown triggered by the coronavirus pandemic that kept pluckers away from the plantations in key tea-growing states of Assam and West Bengal is likely to lower production by about 10 percent this year, a top industry official said. Sujit Patra, Secretary, Indian Tea Association told indoasiancommodities.com in an interview that production could drop […]
India’s exports are expected to witness a sharp downturn in the current fiscal year due to the coronavirus-triggered national lockdown that has resulted in massive cancellation of orders and little sign of situation returning to normal in coming months, the head of the country’s top exporters’ body said. Sharad Kumar Sharaf, president of the Federation […]
Goonj, a non-governmental organisation, known for its disaster relief, humanitarian and community development work, has taken its first step to support farmers hit by the coronavirus lockdown by reaching the farm gates to buy produce, its founder said. Anshu Gupta told indoasiancommodities.com that tomato farmers in the southern Karnataka state were finding it difficult to […]
The disruption caused by COVID-19 will further hamper India’s ambition to meet its target of building a planned 100-gigawatt solar power generation base that has already been under pressure, a leading think tank on solar energy in India said. The Gurugram-based Bridge to India said it was projecting a further dilution of 10 GW in […]
