Media Monitor
Agriculture Industry
PLI scheme for food processing sector would boost growth: Industry officialedit
The Print – Online
The government’s Production Linked Incentive (PLI) scheme with an outlay of Rs 10,900 crore for the food processing sector would boost the industry’s growth in the coming years, a senior industry official said on Tuesday. Air-conditioning and commercial refrigeration major Blue Star Ltd Managing Director and Confederation of Indian Industry (CII) Chairman of Foodpro 2022 B Thiagarajan said the food processing industry has been growing at an annual growth rate of 11.18 per cent. The Union ministry of food processing industries has earmarked Rs 10,900 crore under the PLI scheme for the sector. Referring to the biennial event on food processing packaging and food technology event scheduled to begin from August 5 in Chennai, he ...
Coverage
Light emerging at the end of the supply chain tunnel, says CLAAS VPedit
Real Agriculture – Online
There has been significant discussion surrounding supply chain challenges and manufacturing over the last two years. While labour shortages are ongoing, there might be a light emerging at the end of the tunnel when it comes to logistics, says an executive with a global farm equipment maker. Eric Raby, senior vice president of CLAAS of Americas, joined RealAgriculture’s Kelvin Heppner at Ag in Motion to discuss where CLAAS is at when it comes to supply chain issues. It will take some time for the company to come out of some inconsistencies in supply, says Raby. From their perspective of costs, he says they’ve done a fairly good job of maintaining costs this year – especially ...
Govt. Policies
Agriculture Ministry to Seek Cabinet’s Approval for Allowing More Projects Access Agri Fund: Tomaredit
Krishi Jagran – Online
Agriculture Minister Narendra Singh Tomar said on Saturday that his ministry will soon seek Cabinet approval for a proposal to grant access to the Rs 1 lakh crore Agriculture Infrastructure Fund to emerging technology-based farm projects such as hydroponics. The Agriculture Infrastructure Fund (AIF), established in 2020, provides a financing facility for the establishment of post-harvest infrastructure projects at farm-gate and aggregation points. Loans are available at a 3% annual interest subsidy up to a limit of Rs 2 crore. The subvention is valid for a maximum of seven years. “We are considering allowing more projects under AIF, for which we will soon seek Cabinet approval,” Tomar said after awarding the best performing banks under ...
Monsoon + Indian Agriculture
World’s food supply faces new threat from lack of rain in Indiaedit
The Economic Times – Online
Rice could emerge as the next challenge for global food supply as a shortage of rain in parts of India, by far the world’s biggest exporter, has caused planting area to shrink to the smallest in about three years. The threat to India’s rice production comes at a time when countries are grappling with soaring food costs and rampant inflation. Total rice planted area has declined 13% so far this season due to a lack of rainfall in some areas, including West Bengal and Uttar Pradesh, which account for a quarter of India’s output. Traders are worried that a drop in rice production will complicate India’s inflation fight and trigger restrictions on exports. Such ...
Stubble Burning
Stubble burning: States to ensure supply of paddy straw for ex-situ useedit
Business Standard – Online
The Commission for Air Quality Management (CAQM) has asked Punjab, Haryana and Uttar Pradesh to formulate a policy to ensure continuous supply of paddy straw for ex-situ utilisation and co-firing in thermal power plants. Co-firing of paddy straw pellets (up to 10 per cent) with coal in thermal power plants is one of the important ex-situ stubble management strategies. Paddy straw is also used as in waste-to-energy plants, brick kilns and end products such as pellets, bio-fuels (bio-ethanol, compressed bio gas), particle board, panel furniture and packaging material. Paddy straw burning in Punjab, Haryana, and Uttar Pradesh is a major reason behind the alarming spike in air pollution levels in the national capital in October ...
Tractor industry
Tractor volumes slide in July on high base, dip in Kharif sowingedit
The Financial Express – Online
Domestic tractor volumes remained muted in July owing to factors like a high base and lower than expected rainfall in several states, including UP and Bihar, leading to relatively less sowing in the Kharif season. Mahindra & Mahindra saw a decline of 15.85% y-o-y in its tractor despatches in the domestic market to 21,684 units, while those of Escorts Kubota dropped 22.31% y-o-y to 4,704 units. “We have sold 21,684 tractors in the domestic market during July 2022. After a very robust Q1, wherein we achieved volume growth of 18%, July witnessed normalisation in volumes. July is traditionally a lean month as the land preparation phase, wherein a tractor finds the highest utility, gets ...