Dairy sector likely to attract Rs 60,000 crore over 5 years

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The country’s dairy sector hopes to see up to Rs 60,000 crore of new investment and creation of 10 million jobs in five years, in the wake of the Union Budget proposals, reports Business Standard. The finance minister had announced a target of doubling the annual milk processing capacity to 106 million tonnes, from the existing 53 million tonnes. […]

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Imports of copper, paperboard, RBD likely to decline on stringent ‘rules of origin’

India’s imports of copper, RBD (refined, bleached and deodorised) palmolein, paper and paperboard are likely to decline in the coming quarters due to stringent norms being put in place on the ‘rules of origin’ to check undue dumping of these commodities under Free Trade Agreements (FTAs) from non-producing countries. Sharp increases in the import of copper, RBD palmolein, paper […]

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Need to find acceptable solution between cane growers and millers to prevent arrears: Sharad Pawar

Former Union agriculture minister and Nationalist Congress Party leader Sharad Pawar said that the time has come to arrive at an acceptable solution for growers and millers to work in a coordinated manner for the development of the sugar sector. Pawar was delivering the inaugural address at the 2nd International Conference on Sustainability – Innovation & Diversification […]

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International Sugar Organisation (ISO) seeks sugar import from India to check global prices

After a couple of years of surplus sugar production across the world, Jose Orive, executive director of the International Sugar Organisation (ISO), has predicted that the global market may move to a deficit in the 2019-20 season. “India is among the few global producers with a surplus and, therefore, the ISO is encouraging neighbouring countries, […]

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Narendra Tomar announces approval for market access to sesame seeds from Brazil to India

The Union Minister for Agriculture and Farmers’ Welfare, Rural Development and Panchayati Raj, Narendra Singh Tomar held a bilateral meeting with the Brazilian Minister for Agriculture, Livestock and Food Supply Ms. Tereza Cristina Correa da Costa Dias at Krishi Bhawan in New Delhi to discuss various bilateral trade opportunities, interests and issues. Union Minister Tomar […]

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Finance Minister promises more credit for agriculture during the next fiscal in her Union Budget 2020 speech

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Finance Minister Ms Nirmala Sithraman announced an agricultural credit target set to Rs 15 trillion for next fiscal in her budget speech. Rural development and Panchanyati Raj were allocated Rs 1.6 trillion by the minister. She listed 16 action points for ‘aspirational India’ in her speech. The state governments who are already implementing three model […]

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Potato production rises 51% to 52.5 million tonnes in over a decade: Agriculture minister Tomar

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India’s potato production increased 51 per cent to 52.5 million tonnes (MT) in over a decade, Union Agriculture Minister Narendra Singh Tomar said. Its production had stood at 34.7 MT in 2008, the minister added. Tomar pegged the potato output to grow about 3 per cent annually till 2050. Addressing a Global Potato Conclave in […]

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