Global spice extracts firm Kancor Ingredients to invest Rs 150 crore for expansion

Global spice extracts firm Kancor Ingredients, part of France-based flavour and fragrance company Mane Group, proposes to invest over ₹150 crore over the next 36 months to expand its existing manufacturing facilities and set up new ones incorporating the latest technologies.  The Kochi-headquartered firm w...Read more

Darigold invests $67M to expand FIT milk production  

  Consumer demand for Darigold FIT milk is growing rapidly. Launched in the Pacific Northwest market last year, FIT has doubled in sales and distribution over the past six months. This great-tasting milk with no compromises has 75% more protein and 40% less sugar compared to traditional milk. To support this...Read more

Indian pulses imports could drop 60% in 2020-21 – IPGA

India’s imports of pulses such as chickpeas could slump by 60% to a million tonnes in the 2020-21 financial year on bumper domestic production and government measures to curb overseas purchases, said Jitu Bheda president of IPGA (India Pulses and Grain Association) a leading trade body .  Lower imports...Read more

BASF builds crop protection manufacturing hub in Singapore

BASF broke ground on a new regional production hub in Singapore for its crop protection products in Asia Pacific. Groundbreaking ceremony marks start of a new BASF production hub for crop protection in Singapore. Scheduled for completion in Q3 2021, the multipurpose facility has been designed to handle six differ...Read more

Appiphany Technologies Holdings ties up with LLC & KVG for Hemp seed & Genetics  

  Appiphany Technologies Holdings Corp., a company focused on the emerging and dynamic Hemp industry, announced that it has signed a joint venture agreement with Tsilaan, LLC and Kola Venture Group, LLC (KVG), providing for the formation of a new company which will cultivate and distribute throughout Nor...Read more

Bengaluru based startup Clover raises $5.5 million in a Series A funding round  

    Greenhouse Agritech startup Clover has raised over $5.5 million in a Series A funding round, from venture capital (VC) firm Omnivore and existing investors Accel and Mayfield.  Clover is an Agritech platform that works with farmers across India and markets greenhouse-grown produce through bus...Read more

Iran emerges as the top buyer of Indian tea in 2019

 According to the reports of Bloomberg, Iran overtook Russia to emerge as the top buyer of Indian tea last year, after sanctions against the Islamic Republic halted imports other than specially negotiated deals. India and Iran have been trading through a rupee-based bank account to bypass restrictions impose...Read more

Government aims to make India a surplus country in terms of pulses production: Narendra Singh Tomar  

  Inaugurating the UN World Pulses Day celebrations in New Delhi, Union Minister for Agriculture & Farmers Welfare Narendra Singh Tomar said that initiatives of the Government in increasing pulses production in the country yielded positive results and Government is committed to provide remunerative price...Read more

Amazon launches 10,000 Electric Rickshaw for climate conservation

Amazon is set to have 100,000 of the eco-friendly vehicles roaming the streets over the next decade. Company claims that it will save four million metric tons of carbon.  This move is to promote the 'Zero Carbon by 2030', which is prevalent across the world in order to support the climate conservation dr...Read more

 Chennai based Agritech Startup WayCool Foods raises $32 mn from Lightbox

Chennai-headquartered WayCool Foods has raised U$32 Mn in a combination of equity and debt in its Series C round, the company said in a statement yesterday. The round was led by Lightbox and saw participation of FMO, the Dutch entrepreneurial development bank, as well as its current investor LGT Lightstone Aspada....Read more

Plant-Based Dairy Brand Goodmylk raises INR 3 Cr in second seed round

Goodmylk, a Bangalore-based vegan milk brand in India, has raised INR 3 crore in their second seed round from some of the most prolific investors in the plant-based space. They welcome to their cap table deeply mission-aligned investors Elisa Khong, Sandeep Singh, Ginni International Ltd and their very first VC pa...Read more

India’s rice exports may fall by 18-20% in FY20

US-based trade finance company Drip Capital has released a report detailing the state of India’s rice exports. Chalking out detailed insights from proprietary data and on-ground conversations with exporters, the report analyses the country’s rice shipments, with Basmati rice occupying a major share. R...Read more