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It will ensure sustainability of credit flow in the agriculture sector as well as ensure financial health and viability of the lending institutions.

The Union Cabinet, chaired by the Prime Minister, Shri Narendra Modi has approved to restore Interest Subvention on short term agriculture loans to 1.5 per cent for all financial institutions. Thus, Interest Subvention of 1.5 per cent will be provided to lending institutions (Public Sector Banks, Private Sector Bank, Small Finance Banks, Regional Rural Banks, Cooperative Banks and Computerized PACS directly ceded with commercial banks) for the financial year 2022-23 to 2024-25 for lending short term agri-loans up to Rs 3 lakh to the farmers.

This increase in Interest Subvention support requires additional budgetary provisions of Rs 34,856 crore for the period of 2022-23 to 2024-25 under the scheme.

Increase in Interest Subvention will ensure sustainability of credit flow in the agriculture sector as well as ensure financial health and viability of the lending institutions especially Regional Rural Banks & Cooperative Banks, ensuring adequate agriculture credit in rural economy.

Banks will be able to absorb increase in cost of funds and will be encouraged to grant loans to farmers for short term agriculture requirements and enable more farmers to get the benefit of agriculture credit.  This will also lead to generation of employment since short term agri-loans are provided for all activities including Animal Husbandry, Dairying, Poultry, fisheries.

Farmers will continue to avail short term agriculture credit at interest rate of 4 per cent per annum while repaying the loan in time.

Keeping in view the changing economic scenario, especially increase in the interest rate and lending rates for the financial institutions especially Cooperative Banks and Regional Rural Banks, The Government has reviewed the rate of Interest subvention provided to these Financial Institutions. It is expected that this will ensure adequate credit flow in agriculture sector to the farmer as well as ensure financial health of lending institutions.

To address this challenge, Government of India has proactively decided to restore Interest Subvention on short term agriculture loans to 1.5 per cent for all financial institutions.

It will ensure sustainability of credit flow

The unit creates new livelihoods and better market access opportunities through value-added groundnut and millet to smallholder farmers in Anantapur

Kakani Govardhan Reddy, Minister for Agriculture & Cooperation, Marketing, Food Processing, Government of Andhra Pradesh, India, inaugurated a secondary processing unit (SPU) set up by ICRISAT-Walmart in Mudulapuram village. The unit creates new livelihoods and better market access opportunities through value-added groundnut, millet, and other nutritious products.

The SPU is approved by the Food Safety and Standards Authority of India (FSSAI) and is expected to benefit over 6,000 smallholder farmers in Anantapur district. The facility which has a built-up area of 1,000 square meters, is operated by the women-led Rythu Nestham Food Producer Company Ltd (RNFPCL).

RNFPCL was established with support from ICRISAT and the Accion Fraterna Ecology Centre (AFEC) and includes farmers from nine FPOs across eight sub-districts (mandals) of Anantapur district. The facility is equipped with five processing lines, which will produce highly nutritious millet- and pulse-based ready-to-cook and ready-to-eat formulations such as traditional khichdi and upma mixes, high oleic groundnut products comprising of nutrition bars (chikki), cookies, snacks and savories, and healthy cold pressed groundnut oil.

“Our government’s priority is to make agriculture more viable and profitable for farming communities. This women-led food processing unit will boost sustainable farming and market access for local agricultural communities, provide employment to women and youth and create new opportunities for community-managed industry through the development of more food processing units.

“We congratulate Walmart Foundation, Flipkart, ICRISAT and AFEC on this initiative, and look forward to more such collaborations in the future,” said Govardhan Reddy.

“The entire infrastructure of the unit will ensure improved livelihoods and better opportunities for smallholder farmers. The launch of this SPU in the district will bring synergy between agriculture and the food processing industry,” said S Nagalakshmi, IAS, Collector and District Magistrate Anantapur, Government of Andhra Pradesh.

The unit creates new livelihoods and better

 The project would generate employment for 500 people and boost the production, sale, and export of kiwi and other fruits from the region.

Chandigarh-based IG Fresh Produce, a subsidiary of IG International, one of the leading fresh fruit importers, has planned to invest Rs 100 crores in the next five years in Arunachal Pradesh for the cultivation of exotic fruits like Kiwi and stone fruits. The company has engaged in an agreement with the Arunachal Pradesh Agricultural Marketing Board (APAMB) and the farmers of Namshu village in West Kameng district for the aforementioned endeavour.

The undertaking within its purview would ensure cultivation, research and development, and post-harvest activities in a phased manner. The project will also generate gainful employment (technical and non-technical) for 500 youths over a period of 5 years in the Agri-Horti Sector in West Kameng District and from the rest of the state. This will not only boost the production of kiwi in the state but also increase the sale and export of kiwi and other fruits from the region.

Articulating about the historic agreement, Gautam Jha, President of IG Fresh Produce Private Limited, said, “We at IG Fresh Produce are very confident of creating a natural lab for the cultivation, careful curation, research and development, and post-harvest treatment of the first-grade produce done in the orchid paradise of India.”

Speaking about the potential of this investment and trust for Arunachal Pradesh to be the home for superior exotic produce, Tage Taki, Agriculture minister, said, “This is a very big investment, not only in terms of the financial value but also in the context of the trust shown towards Arunachal and its farmers, for which I thank IG Fresh Produce, APAMB and the Invest India team. This project has the potential to make India into an independent nation when it comes to feeding top-notch Kiwis to its fruit-loving population. The state government will provide everything the farmers and IG Fresh Produce need to grow the best and most delicious fruits in our country.”

The APAMB is the premier agency of the state government that is exclusively responsible for the marketing of agriculture and allied sector products. The IG Fresh Produce Private Limited is one of the top fresh fruit importers in the country and a major supply chain player in the country. It has developed an efficient supply chain for providing high-quality fresh fruits like apples, kiwis, citrus, pears, blueberries, avocados, stone fruit, grapes, etc. to 27 cities across India.

 The project would generate employment for 500

The Grand Indian Food Flag Installation consisted of various varieties of vegetables weighing approx 20 tons as a part of Har Ghar Tiranga Campaign.

 In commemoration of the 75th Independence Day – Azaadi ka Amrit Mahotsav, food and agri-tech platform WayCool Foods, created a first-of-its-kind food flag installation spread approx 7632 sq.ft near its Distribution Centre at Kannamangala, Bangalore. The food flag was symbolic of India’s successful transformation from a food scarce to a food surplus nation and a journey to become a food powerhouse for the world. It is also one of the largest producers of fruits and vegetables in the world. The fruits and vegetables being used in the creation of the flag were distributed to The Akshaya Patra Foundation immediately after the event. A refreshing takes on the Har Ghar Tiranga Campaign, WayCool successfully recreated the tri-colors of the flag with a fine selection of grown-in-india fresh produce like carrots, radishes, green okra, beans, capsicum, as well as value added products such as Potato flakes, and more. Over 20 tonnes and various varieties of fresh produce were used, this showcasing India’s incredible versatility and diversity of agricultural output The saffron was represented by carrots, radishes and potato flakes forming the white & the flag was given a magnificent finish of green with capsicum, beans and ladies finger (green okra).

The company also used its storage and handling technologies to ensure that not a single gram of the produce used in the display was wasted, and the produce was handled with the best hygiene practices. The produce was then donated to Akshaya Patra Foundation. One of the largest Food Flags created, the company also ensured that it fed the needy with near to zero food wastage.

The Grand Indian Food Flag Installation consisted

Food grain production estimated to be record 315.72 million tonnes in the country, up by 4.98 MT in 2020-21

The fourth advance estimates of production of major agricultural crops for the year 2021-22 have been released by the Union Ministry of Agriculture and Farmers Welfare. The production of Foodgrains in the country is estimated at 315.72 million tonnes which is higher by 4.98 million tonnes than the production of food grain during 2020-21. The production during 2021-22 is higher by 25 million tonnes than the previous five years’ (2016-17 to 2020-21) average production of food grains. Record production is estimated of rice, maize, gram, pulses, rapeseed and mustard, oilseeds and sugarcane.

As per 4th Advance Estimates, the estimated production of major crops during 2021-22 is as under: Foodgrains 315.72 million tonnes. Total production of Rice during 2021-22 is estimated at record 130.29 million tonnes. It is higher by 13.85 million tonnes than the last five years’ average production of 116.44 million tonnes.

Production of Wheat during 2021-22 is estimated at 106.84 million tonnes. It is higher by 2.96 million tonnes than the last five years’ average wheat production of 103.88 million tonnes.

Production of Nutri / Coarse Cereals estimated at 50.90 million tonnes, which is higher by 4.32 million tonnes than the last five years’ average production of 46.57 million tonnes.

Total Pulses production during 2021-22 is estimated at record 27.69 million tonnes which is higher by 3.87 million tonnes than the last five years’ average production of 23.82 million tonnes.

Total Oilseeds production in the country during 2021-22 is estimated at record 37.70 million tonnes which is higher by 1.75 million tonnes than the production of 35.95 million tonnes during 2020-21. Further, the production of oilseeds during 2021-22 is higher by 5.01 million tonnes than the average oilseeds production.        

Total production of Sugarcane in the country during 2021-22 is estimated at record 431.81 million tonnes which is higher by 58.35 million tonnes than the average sugarcane production of 373.46 million tonnes.

Production of Cotton and Jute & Mesta is estimated at 31.20 million bales (each of 170 kg) and 10.32 million bales (each of 180 kg), respectively.

Food grain production estimated to be record

Prof Varshney will receive award for his innovation in bringing improvements to crop science, primarily based on his work at ICRISAT during his 17-year tenure.

Prof. Varshney will receive the prestigious International Crop Science Award from the Crop Science Society of America for his innovation in bringing improvements to crop science, primarily based on his work at ICRISAT during his 17-year tenure.

Each year the Crop Science Society of America honours and celebrates the achievements of crop scientists to recognize excellence and leadership in research, education, industry, and mentorship; and bestows the prestigious designation of Fellow. At the 2022 Annual Meeting at the Awards Breakfast on November 9, Prof. Varshney will receive a personalized poster of the award added to the Awards Hall of Fame in Baltimore, United States.

Prof. Varshney thanked the present and previous leadership of ICRISAT for their support and guidance during his tenure.

“I cherish my stint at ICRISAT, working with outstanding researchers and collaborating with partners in Asia and Africa, which is resulting in recognition for me. I will always be a strong supporter of ICRISAT’s impact-oriented research,” said Prof Varshney.

Prof. Varshney’s research at ICRISAT contributed to significant positive impacts on the livelihood of smallholder farmers in many developing countries in Asia and Africa. Late last year, he joined Murdoch University’s Food Futures Institute as Director of the Centre for Crop and Food Innovation. He is also the Director of the State Agricultural Biotechnology Centre at Murdoch and the University’s International Chair in Agriculture and Food Security.

Prof. Varshney has also been invited to deliver a Plenary Talk at the prestigious International Plant and Animal Genome (PAG 30) Conference in San Diego in January next year. Previous speakers at the conference include Noble Laureates and Fellows of Royal Society/ US National Academy of Sciences. In his plenary talk, Prof. Varshney will present his landmark contributions in integrating advanced genome discoveries in crop improvement for delivering climate resilient, high-yielding, and nutritious varieties to industry and farmers.

Prof Varshney will receive award for his

These two plants will add more than 25 LMTPA of indigenous production of Urea which will help in reduction of equivalent amount of imported urea.

Dr Mansukh Mandaviya, Union Minister of Chemicals and Fertilizers reviewed the progress of Hindustan Urvarak & Rasayan Limited (HURL)-Sindri and Barauni projects. At the meeting, the Union Minister noted that Government of India is committed to start the production of urea from HURL-Barauni and Sindri plants shortly. “These two plants will add more than 25 LMTPA of indigenous production of Urea which will help in reduction of equivalent amount of imported urea”, he said.

The Union Minister also reviewed the progress of Talcher Fertilizers Ltd. (TFL), the country’s first urea plant based on Coal Gasification technology for production of ammonia/urea. The production capacity of TFL would be 12.7 LMTPA. The commissioning of TFL is expected in the year of 2024.

Dr Mandaviya noted that through focused efforts of the Government, India will become self-reliant in urea production. Further, each of these plants would generate 500 direct and 1500 indirect employments.

Government has mandated revival of Gorakhpur, Sindri and Barauni units through nomination basis by forming a Joint Venture company of nominated PSUs i.e., National Thermal Power Corporation (NTPC), Indian Oil Corporation Limited (IOCL) and Coal India Limited (CIL) and Fertilizers Corporation of India Ltd. (FCIL)/Hindustan Fertilizer Corporation Ltd. (HFCL). Accordingly, a Joint Venture company named Hindustan Urvarak & Rasayan Limited was incorporated with equity participations of 29.67 per cent each by NTPC, IOCL and CIL and 11 per cent by FCIL for setting up gas-based Ammonia urea plants of 12.7 LMTPA capacities each at Gorakhpur, Sindri and Barauni.

Government also mandated revival of Talcher unit through nomination basis by forming a Joint Venture company of nominated PSUs i.e., Gas Authority of India Ltd. (GAIL), Coal India Limited (CIL), Rashtiya Chemicals and Fertilizers Limited (RCF) and FCIL. Accordingly, a Joint Venture company named Talcher Fertilizer Limited (TFL) was incorporated with equity participations of 31.85 per cent each by GAIL, RCF & CIL while FCIL retaining 4.45 per cent equity.

These two plants will add more than

Company has posted total income of Rs 5017.41 crore in Q1 FY23 against total income Rs 2417.24 crores in Q1 FY22 registering a growth of 107.57 per cent.

Rashtriya Chemicals and Fertilizers Limited has reported Consolidated financial results for the period ended June 30, 2022. The company has reported total income of Rs. 5017.41 crores during the period ended June 30, 2022 as compared to Rs. 4140.66 crores during the period ended March 31, 2022. Company has reported 44.40 per cent growth at Rs 299.60 crore in net profit in Q1 FY2023 compared to net profit of Rs 207.48 crore in Q1 FY2022.

The company has posted net profit / (loss) of Rs. 299.60 crores for the period ended June 30, 2022 as against net profit / (loss) of Rs. 233.84 crores for the period ended March 31, 2022.Comapny has posted total income of Rs 5017.41 crore in Q1 FY23 against total income Rs 2417.24 crores in Q1 FY22 registering a growth of 107.57 per cent.

The company has reported EPS of Rs.5.43 for the period ended June 30, 2022 as compared to Rs.3.76 for the period ended June 30, 2021.

Company has posted total income of Rs

New name of future standalone company reflects commitment to partnering with customers and innovation

Bayer’s Environmental Science Professional business today announced it will become Envu as a standalone company, contingent on the successful close of Cinven’s acquisition of the business from Bayer*.  Pronounced “ehn-VIEW”, the name is derived from “environment” and “vision” and developed with input from both employees and customers around the world.

“As a trusted industry leader, we know that ensuring continued customer success requires strong partnerships and a renewed perspective,” said Gilles Galliou, president of the Environmental Science Professional business at Bayer and future CEO of the new standalone company. “That’s why Envu will be dedicated to bringing customers innovative solutions to help them push their business forward and tackle the toughest challenges our environments face today.”

Envu will work alongside customers to see challenges through their eyes, bringing together diverse points-of-view and a vision beyond chemistry.

“The fact that our new company will be focused solely on environmental science will allow us to solve problems faster, smarter and more efficiently,” said Galliou. “The challenges we solve today will help ensure a healthy future for all is clearly in view,” Galliou continued.

“We have an established track record of bringing effective, safe and sustainable solutions to customers,” said Tiffany Fremder, head of global marketing for Environmental Science. “We will continue this commitment as Envu and expand our focus on innovation to achieve long-standing environmental health and sustainability.”

From now until the divestment transaction officially closes, the organization will remain the Environmental Science Professional business of Bayer. However, the company looks forward to fully launching its new corporate identity upon the successful close, which is on track for later this year.  The business will also continue to proudly collaborate with Bayer as a standalone company.

The transaction between Bayer and Cinven is still in process. The launch of this new company and name is contingent on the deal closing.  Until such time, the Environmental Science Professional business continues to be owned by Bayer and will operate as such.

New name of future standalone company reflects

 APEDA has set agro export target of $23.56 billion for the financial year 2022-23.

Agricultural and Processed Food Products Export Development Authority (APEDA), an export promotion body for agricultural products of the Ministry of Commerce & Industry, has made an outreach strategy for the promotion of agro export to accomplish the export target of $23.56 billion for the financial year 2022-23. 300 events will be organised under the plan in the current year for boosting exports.

Given that sanitary and phytosanitary measures used as technical barrier to trade by countries which pose a major challenge in the export of food products, particularly in developed countries, the APEDA plans to create awareness among the stakeholders of food export by highlighting its impact on human life through various online platforms, including social media platforms.

As per the proposed outreach strategy, it is planned to establish a strong and regular connection with exporters, farmers, agriprenures, food processors, logistics providers, foreign exchange management companies, etc., with the help of different mainstream publications and electronic channels as well as prominent social media platforms by highlighting a list of potential products have an abundant export potential.

A list of potential markets will also be displayed at various social media platforms. Besides, country-wise and product-wise specific requirements of India’s export potential products would be highlighted especially at the APEDA portal for exporters.

As India has a good potential for export of Geographical Indication (GI) tagged products due to its therapeutic and health values, orientation programmes have been planned to create awareness among stakeholders for GI products in the North Eastern Region (NER).

 APEDA has set agro export target of

By Mahesh Girdhar President – Crop Nutrition, Deepak Fertilisers and Petrochemicals Corporation Limited

Agriculture being backbone of the country, and economic development being directly impacted by growth in agriculture sector, makes all agri value chain equally responsible to continuously work on products output and innovation.  Use of balance nutrition and nutrient use efficiency will help farmer to increase quality, quantity and shelf life of their produce and help agri value chain.

There has been significant focus on improving agricultural production and a lot has been achieved. However, a large portion of food is lost at the end of the supply chain, known as food waste. “Food waste” can be defined as food discarded or alternatively the intentional non-food use of the food or due to spoilage/expiration of food. Globally, around 14 percent of food produced is lost between harvest and retail. This equates to a loss of $400 billion per year in food value, while an estimated 17 percent of total global food production is wasted (11 percent in households, 5 percent in the food service and 2 percent in retail).  In India around 90000 Cr value farm produce is wasted every year.

Food loss includes the food loss across the food supply chain from harvesting of crops until its consumption. The losses can broadly be categorized as weight loss due to spoilage, quality loss, nutritional loss, seed viability loss, and commercial loss. Magnitude of food losses in the food supply chain vary greatly among different crops, areas, and economies. a significant amount of produce is lost in postharvest operations due to a lack of agriculture nutrition knowledge, in efficient use of fertilizer, inadequate harvesting technology and poor storage infrastructure. 

Significant percentage of post-harvest losses can be controlled through improving pre harvest factors which are causing losses. We can improve post-harvest losses through intervention in the field production to a large extent. This needs improvised intervention during in field operations. One Such intervention to improve pre harvest is supplying balanced nutrition which significantly improves Quality, yield and shelf life which will help to reduce losses in the agri value chain.

Role of Balance Nutrition

Crop requires an adequate supply of all essential nutrients for optimum growth. If more than one is limiting/short, growth is determined by the nutrient which is in lowest/limited supply. Seventeen essential Nutrients are required for optimal growth and development of plants. A deficiency of even one Nutrient negatively affects the crop’s life cycle. This has been explained justly by the ‘Law of the Minimum – Liebig Principle’.   This is similar to the fact that a chain is only as strong as its weakest link. If several nutrients are in short supply, it is necessary to apply all of them to derive optimum production. Balanced plant nutrition (BPN) is an integrated approach to meet the nutritional requirements of the crop throughout its lifecycle. Use of BNP will help in maximizing crop yield and Crop shelf life. Providing balanced nutrition to crops throughout their growing season encompasses all aspects of the 4R stewardship.  Essential Nutrients are required to be available to crops at the right time, at right dose through right Source and at right stage of crop.

The productivity, quality & shelf life of produce depends on how nutrient balancing is happening in crops because balanced nutrition plays an important role in increasing the shelf life of the produce. Shelf life of produce increased due to increase in total dry matter or total soluble solid and for increasing the dry matter, there is need of NPKS and micronutrients in balanced proportion.

With aim in Increasing farmer Income through use of Innovative fertiliser technology. Deepak Fertilisers and Petrochemicals Corporation Limited (DFPCL) started journey of developing innovative nutrient solutions since 2018. We first launched a high nutrient use efficiency solution by name of Smartek.  Then we have started introducing crop specific and stage specific balance nutrition solution with brand name Croptek (Crop nutrient solution with all essential major and Micro nutrient) and Solutek (crop and stage Specific product with required nutrient for crops).

Nutrient Unlock Technology (NUT) which unlocks nutrients and enhances bio-availability there by enhancing nutrient use efficiency. By adopting these balance nutrition solutions and Nutrient use efficiency, farmers can minimize wastage and under-dosing of the required nutrients at different stages of the crop growth. Our Croptek Onion which launched in November last year.  Onion Crop Shows improved growth parameters like plant height and number of leaves, neck thickness and overall vigour of crop. This led to significant increase in marketable A&B quality onion over farmer practices. There is also increase in shelf life for more than 6 months.  All above factors have contributed to farmer increase absolute marketable produce and flexibility to sell at right market price.

 Deepak Fertilisers and Petrochemicals Corporation Limited has developed and Launched Crop & stage specific Water-soluble solution Called Solutek based on 3-4 years of internal research and it is validated through various Institute. Soultek is research-based solution containing balanced nutrition as required at different stages of plant growth. Solutek helped farmers to reduce the cost of fertiliser application. Farmer realises   increase in yield, good quality, colour and increased shelf life in all crops. This helps farmer to realise well in export market. There is significant reduction in greenhouse gas emission that leads to lower greenhouse gases, soil pollution and improvement in Soil health.

By Mahesh Girdhar President – Crop Nutrition,

A total of 3.27 crore bottles of Nano Urea sold between 1 August 2021 to 10 August 2022.

Union Minister of Chemical and Fertilizers, Dr Mansukh Mandaviya reviewed progress of Nano Urea (liquid) production and sales for the FY 2022-23. During the meeting he also reviewed progress of nano urea in terms of acceptability by the farmers, its production, supply plan and steps initiated by Dept. of Fertilizers (DoF) for enhancing its reach to farmers and retailers.

The Minister was apprised that during the period from 1st April, 2022 to 10th August, 2022 nano urea production and dispatches had been 1.23 crore bottles. From 1st August 2021, a total of 3.27 crore bottles have been sold, of which 2.15 crore bottles were sold during FY 2021-22 and 1.125 crore bottles (500 mL) during FY 2022-22 up to 10th August 2022.  The existing unit of nano urea has a production capacity of 1.5 lakh bottles per day. From September – December, 2022 and January – March 2023; additional 4.60 crore bottles will be produced. Thus, during the FY 2022-23, about 6.0 crore bottles of nano urea will be produced and made available to farmers. These 6.0 crore bottles will be equivalent to 27 lakh MT quantity of conventional urea.

During the review, Dr Mandaviya observed that nano urea is now being widely accepted by farmers across the country. He stated that with the inclusion of Nano Urea in the monthly supply plan of the states by Dept. of Fertilizers, its availability and reach to the farmers will increase manifold. The Minister directed the department officials for promotion of Nano urea in mission mode to harness its benefits. He also directed for sensitization of retailers by organizing retailers’ meetings at periodic intervals in coordination with other state departments. He also pointed out that nano urea promotion and its acceptance by the farmers will indeed be a game changer for the fertilizer scenario of the country.

A total of 3.27 crore bottles of

IBISA is scaling its operations in India with operations in Odisha, Karnataka, Telangana for coverage against excess rainfall, excess wind speed and drought.

 Agri insurtech startup IBISA announced that Ankur Capital, an India-based leading early-stage venture capital fund focused on transformative technologies in deeptech and climate tech has joined its seed round. Luxembourg-based Insurtech startup IBISA is on a mission to empower the Agri value chain players with innovative weather protection insurance solutions.

The company is also in talks with a number of large lenders, food processors, and Agritech clients across different geographies to mitigate their credit risk against default, reduce their supply chain risks and increase their sustainability practices in agriculture and strengthen farmer connection with smallholder farmers in India and abroad.

Founded in 2019, IBISA started its operations in India with the DHAN Foundation to provide parametric insurance against drought coverage in Tamil Nadu. Fast forward to now, IBISA is scaling its operations in India with operations in Odisha, Karnataka, Telangana for coverage against excess rainfall, excess wind speed and drought. They have also opened a registered office in Feb 2022 in Bengaluru.

Speaking on the investment, Ritu Verma, Partner at Ankur Capital mentioned, “The unavailability of data has hampered the growth of the agricultural insurance industry in developing countries for decades. Legacy crop insurance involved long manual processes making them impractical for developing markets where smallholder farming is the norm, and parametric insurance has historically been unviable due to the lack of detailed climate-related datasets. We are excited to partner with IBISA to transform the scale of available parametric insurance options in countries like India with a vast addressable market.”

“Farming is an integral part of both our societal and economic infrastructure. The impact that the war in Ukraine is having on food prices and food security seriously underscores the importance of global agriculture. And yet the support isn’t there. With IBISA, we sought to create technology that would help reduce costs for the active players in the insurance space. Finding a way to responsibly protect farmers in the event of extreme weather, by slashing distribution and operating costs, making it affordable to many groups in the value chain.” said Maria Mateo Iborra, CEO & Co-founder, IBISA.

Apart from India, IBISA has its operations in New Zealand, Guatemala, Senegal, Philippines, and other African countries. With strong insurance and reinsurance partnerships across different geographies and tailor-made products for lack of rain, excess rainfall, extreme temperatures, excess wind speed and cyclones, IBISA is able to address the needs of various Agri value chain players.

IBISA is scaling its operations in India

Sid’s Dairy Farm is aiming to grow multi-folds in the coming years and disrupt the Indian A2 milk market.

Hyderabad based Sid’s Farm, a premium D2C dairy brand based out of Telangana, has launched A2 Desi Cow Milk for its customers in Hyderabad on the auspicious occasion of India’s 75th Independence Day. Due to high customer demand for A2 milk, the company made pre-booking available, and within the first 6 hrs of pre-booking; they received an overwhelming response with over 400+ customers pre-booking for more than 350 ltrs.  

India’s dairy market reached Rs 13174 billion in 2021. IMARC Group expects the market to reach Rs 30840 billion by 2027. The India A2 Milk Market size was estimated at USD 266.80 million in 2021 and expected to reach USD 303.49 million in 2022, at a CAGR of 12.24 per cent to reach USD 533.57 million by 2027. Capitalizing on this extensive growth, Sid’s Dairy Farm is aiming to grow multi-folds in the coming years and disrupt the Indian A2 milk market.

Dr. Kishore Indukuri, Founder, Sid’s Farm, said, “We are elated to launch Sid’s Farm A2 Desi cow milk, and there couldn’t have been a better time for us to introduce such premium quality, a high-demand product that has been predominantly available in the western markets, but now with this, we are revolutionizing the Indian natural dairy industry with respect to both our price and quality. We look at all our products as a medium to empower the Indian consumer, who must have all the rights to the highest quality natural foods that are readily available. As a nation, we have already answered the question of quantity emerging as the global leader in milk production volumes. It is time now that we addressed the question of quality too, and we at Sid’s Farm have been taking our humble but sure steps towards achievement of the same.”

A2 milk variation of cow’s milk is sold primarily in Australia, New Zealand, China, and the United States. However, with the globalized milk market and Indians being more inclined towards quality products and demanding more particular food choices, the A2 milk market saw a huge demand.

Sid’s Dairy Farm is aiming to grow