India sanctions 134 food processing projects during the pandemic: Minister

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The Centre sanctioned 134 food processing projects across various states last year despite the COVID-19 pandemic and is committed to the growth of the sector, Union Minister Rameswar Teli said. Minister of State for Food Processing Industries Rameswar Teli participated in the fourth-edition of Emerging North East event on Friday in Guwahati. The event was […]

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India to set up 500 Farmer Produce Organisations by the end of March 2021

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In the wake of farmers’ continuing agitation, and after having formed the relevant guidelines five months ago, the government of India is planning to set up nearly 500 Farmer Produce Organisations (FPOs) by the end of March this year. The target is to facilitate rolling out of 10,000 such bodies across the country by FY24. […]

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NABARD creates Rs 5,000 crore micro irrigation fund

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The Department of Agriculture, Cooperation & Farmers Welfare (DAC&FW) is implementing a Centrally Sponsored Scheme of  ‘Per Drop More Crop’ component of ‘Pradhan Mantri Krishi Sinchayee Yojana (PMKSY-PDMC)’ from  2015-16 in all the States of the country.  The scheme will focus on enhancing water use efficiency at farm level through Micro Irrigation also known as Drip and Sprinkler irrigation […]

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Odisha emerging as an ideal investment destination for food processing industry

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With a larger objective of taking local food products with specific brands to the global market, the Odisha Government is giving a major boost to large number of micro unorganized food processing units within the state for development under the PMFME (PM Formalization for Micro Food Processing Enterprises) scheme.   Addressing a webinar titled ‘Investment Opportunities in […]

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India Inc says budget will strengthen vision for economic self-reliance

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The Indian industry said the budgetary measures to improve the ease of doing business, drive greater investments in infrastructure and increase privatisation in sectors such as insurance and management of ports will hasten the country’s economy to recover from the pandemic. In her latest budget speech, Finance Minister Nirmala Sitharaman also emphasised on improving the healthcare infrastructure, cleaning […]

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India unveils expansionary budget to combat pandemic’s impact

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With covid pandemic in mind, Finance Minister Nirmala Sitharaman announced a plethora of allocations and tax incentives in the annual budget to expedite the economic recovery process. The Union Budget 2021-2022 definitely cheered investors and propelled the benchmark stock index (SENSEX) by 2,000 points, the largest in 10 months. The budget made substantially higher allocations for […]

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India allocates Rs 1 lakh crore for strengthening agri-infra, cold storage: Minister Tomar from WEF, Davos

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India’s Union Agriculture Minister Narendra Singh Tomar  informed that the Central government has set up a Rs 1 lakh crore fund under the “Aatmanirbhar package” to strengthen the crops storage infrastructure and reduce post-harvesting losses. Speaking at a discussion on “Unlocking Innovation to Transform Food Systems” during the World Economic Forum’s Davos Agenda summit via video conferencing, he […]

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Dairy digitisation specialist Stellapps says plans to raise $15-$20 million by June

Bangalore headquartered Stellapps, a technology platform that is offering solutions to digitise the entire spectrum of dairy supply chain in the country, is expecting to raise a modest level of funding in the next round which will be concluded before June. Speaking with indoasiancommodities.com, Ranjith Mukundan, CEO & Co-Founder, Stellapps, said the company has attained […]

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Troubled year turns out to be a turning point for India’s agri-tech segment

The unprecedented disruption caused by Covid-19 last hit most industries hard, except maybe the agri-tech sector which was actually fast tracked by the crisis year. Agri-tech that broadly entails bringing in new age technology tools or platforms like Internet of Things (IoT), Artificial Intelligence (AI), data analytics, etc. in agricultural practices — including allied segments like […]

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