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With this new round, the company plans to double down on their R&D capabilities and add more geographies where key customer segments lie.

Speciality chemical manufacturing startup Scimplify announced today that it has raised USD 9.5 million in Series A funding. The round was led by Omnivore, alongside Bertelsmann India Investments and existing investors 3one4 Capital and Beenext. Scimplify is a leading specialty chemicals company in India offering a science-first, end-to-end contract manufacturing platform for agrochemicals, pharmaceutical APIs, and flavours & fragrances. In 2023, the global speciality chemicals market was valued at over USD 800 billion, with agrochemicals and pharmaceuticals contributing to more than 60 per cent of the market. Notably, India stands as the 2nd largest exporter of agrochemicals worldwide, and the overall Indian chemical industry is poised to reach double in output by 2027. Scimplify’s diversified services encompass contract research and commercial chemical manufacturing across various sectors, including agrochemicals, pharmaceutical APIs, and flavours & fragrances. With increasing demand for new formulations to support the green transition, shifts in global supply chains away from China and towards India, as well as manufacturing incentives from the Indian government, Scimplify is strategically positioned to cater to a substantial customer base in India and across the globe.

Based out of Bengaluru, Scimplify was founded in 2023 by Salil Srivastava and Sachin Santhosh. Salil previously led the chemicals vertical at Zetwerk and began his career with ITC Limited, while Sachin is an IIT-Madras alumnus who was earlier with Bizongo and began his career with of Business. The founders launched Scimplify to enable comprehensive solutions for the global specialty chemical industry with an emphasis on green manufacturing, quality, and innovation. With this new round, the company plans to double down on their R&D capabilities and add more geographies where key customer segments lie.

Salil Srivastava, Co-Founder of Scimplify, stated, “The backbone of Indian specialty chemical manufacturing are mid-sized factories that have built in-depth, chemistry specific expertise over decades. However, there is significant available capacity to double the national output in the next 5 years with the given infrastructure. Scimplify brings together unique products to these factories using cutting edge R&D along with consistent demand from global customers to utilize these capacities and provide a tech-enabled, full-stack offering to the modern agile customer.”

Mark Kahn, Managing Partner of Omnivore, observed, “Scimplify’s science-driven platform delivers affordable, sustainable agrochemicals and green chemistry intermediaries. By streamlining R&D and manufacturing of sustainable formulations, they’re meeting global demands and positioning India as a leader in sustainable manufacturing of chemical intermediaries. Their approach satisfies regulatory requirements, consumer needs, and environmental concerns, elevating industry standards.”

Rohit Sood, Managing Partner of Bertelsmann India Investments, added “We are excited to partner with Salil & Sachin on their venture to create value in the specialty chemicals industry through a full stack approach. Their unique science, technology & supply-first approach is best suited to leverage the increasing diversification of global supply chains while providing a big boost to the nation’s ‘Made in India’ drive.”

With this new round, the company plans

Sankarasubramanian brings a wealth of experience and has a proven track record as a Chief Financial Officer and a Business Head.

The Board of Directors of Coromandel International Ltd (CIL) announced the appointment of S Sankarasubramanian, Executive Director – Nutrient Business, as Managing Director and Chief Executive Officer (CEO) of Coromandel International Limited with effect from 7th August 2024.

Sankarasubramanian brings a wealth of experience and has a proven track record as a Chief Financial Officer and a Business Head. He is a mathematics graduate from University of Madras, and a member of the Institute of Cost and Management Accountants of India, and has completed Advanced Management Program (AMP) at Harvard Business School in the year 2009.

His association with the Murugappa Group goes back to the year 1993. He started his career at E.I.D Parry (India) Limited in Corporate Finance, where he progressed through various roles before joining Coromandel International Limited in 2003.

During this tenure as business head of Nutrient segment, Coromandel has consolidated its position in the industry and grown profitably and diversified into new product portfolios including Nano technology and drone spraying services besides foraying into Mining operations. He also serves on the boards of Fertiliser Association of India, Tunisian Indian Fertiliser S.A., Tunisia, and Foskor (Pty) Ltd., South Africa, along with some of the company’s subsidiaries.

Sankarasubramanian brings a wealth of experience and

Drone Planet’s established marketplace will now be part of AVPL, offering an even wider array of drones and parts to meet diverse needs, from agriculture to surveillance.

 AVPL International, a leader in the drone industry, announced its acquisition of Drone Planet. This strategic move is set to revolutionise the drone market by merging AVPL’s industry expertise with Drone Planet’s innovative platform.

The integration of Drone Planet into AVPL International brings several exciting enhancements. Drone Planet’s established marketplace will now be part of AVPL, offering an even wider array of drones and parts to meet diverse needs, from agriculture to surveillance. Additionally, Drone Planet’s comprehensive suite of services, including mapping, inspection, and rescue operations, will be seamlessly integrated into AVPL’s offerings, providing cutting-edge solutions across various industries. The addition of Drone Planet’s flexible loan options will make high-quality drones more accessible, simplifying the investment in advanced technology for both professionals and enthusiasts. Furthermore, Drone Planet’s job matching services will enhance AVPL’s efforts to connect skilled professionals with exciting new roles in the drone sector, broadening career possibilities. Drone Planet also offers the unique opportunity to select drone courses at affordable rates. By comparing training programmes, AVPL enhances its vision of a collaborative and collective approach, ensuring that top-notch training is accessible to a broader audience.

This acquisition marks a significant milestone for AVPL International, reinforcing its position as a key player in the drone industry. By combining resources and expertise, AVPL and Drone Planet are set to deliver unparalleled services and opportunities, shaping the future of drone technology.

Drone Planet’s established marketplace will now be

The fungicide formulation is particularly beneficial for tomato and potato crops in protecting them from early and late blight.

Best Agrolife Group, a leader in providing innovative crop solutions, announced that it has been granted a patent for its latest groundbreaking innovation. This revolutionary fungicide formulation combines Trifloxystrobin and Valifenalate. While the group has several ternary patents, this is the first-ever binary patent that Best Agrolife has received.

India’s unique climate allows for the cultivation of a wide variety of fresh vegetables. As the second-largest vegetable producer globally, India contributes 15 per cent to the world’s vegetable production. However, its average yield of 17 metric tons per hectare is lower than that of many other countries. Fungal diseases have been a significant challenge, causing considerable losses in both yield and quality.

The novel combination of Trifloxystrobin and Valifenalate marks a breakthrough in crop protection. This innovative fungicide offers farmers a highly effective solution against harmful fungal diseases. It is particularly beneficial for tomato and potato crops, protecting them from early and late blight. Additionally, it provides exceptional defense against downy mildew in grapes, onions, and cucurbits, even at low doses. This advancement represents a significant leap forward in agricultural science, helping farmers safeguard their crops and improve productivity.

Best Agrolife Group’s strategic vision is deeply rooted in driving novel innovations within the agrochemical industry. By continuously investing in cutting-edge research and development, the company aims to introduce breakthrough solutions that address the evolving challenges of modern agriculture. This commitment to innovation enables Best Agrolife to develop advanced crop protection products that not only enhance yield and quality but also promote sustainable farming practices. Through its forward-thinking approach, Best Agrolife Group is dedicated to empowering farmers with effective, environmentally friendly solutions, thereby fostering agricultural growth and resilience.

The fungicide formulation is particularly beneficial for

The innovative spray machine, categorized under class 15-03, is engineered to boost efficiency and productivity in agricultural practices, marking a significant advancement in the sector.

MasterBrain Agro Industries Pvt Ltd, a notable startup incubated by the Punjab Agri Business Incubator (PABI) at Punjab Agricultural University (PAU), has made remarkable progress in agricultural innovation. The company recently registered its groundbreaking agriculture spray machine design under design number 410796-001. This innovative spray machine, categorized under class 15-03, is engineered to boost efficiency and productivity in agricultural practices, marking a significant advancement in the sector. MasterBrain Agro’s achievement underscores its dedication to leveraging technology to overcome farmers’ challenges.

PAU Vice-Chancellor Dr S S Gosal lauded the startup’s accomplishment, stating, “MasterBrain Agro Industries’ innovative approach to solving agricultural issues is commendable. Their new spray machine design will undoubtedly enhance farming practices, greatly benefiting our farmers.”

Dr. TS Riar, Principal Investigator at PABI, also expressed his admiration for the team’s dedication. “The registration of this new design highlights the ingenuity and perseverance of the MasterBrain Agro team. Their commitment to innovation and excellence in agriculture is inspiring. This milestone also reflects the effective support and mentorship provided by PABI, and I am proud of our team’s efforts in nurturing such promising startups.”

Co-Principal Investigator Dr. Poonam Sachdev added, “MasterBrain Agro Industries has set a high standard with their new spray machine design. It demonstrates their ability to create practical and impactful solutions for the agricultural sector. We are excited to see the positive impact this innovation will have on the farming community.”

Dr Riar emphasized the support provided by PABI, adding, “At PABI, our goal is to empower startups to reach their full potential. The success of MasterBrain Agro Industries is a shining example of what can be achieved with the right guidance and resources. “

The innovative spray machine, categorized under class

The collaboration seeks to advance millet processing technologies and enhance the industrial application of millets in India.

Swiss technology firm, Bühler India has announced a strategic collaboration with Nutrihub. Nutrihub is the Department of Science & Technology (DST), Govt. of India supported Technology Business Incubator hosted by the Indian Institute of Millet Research, ICAR – IIMR, Hyderabad.

The collaboration seeks to advance millet processing technologies and enhance the industrial application of millets in India. IIMR conducts strategic research to increase the productivity of millets and their diversified utilization at a national level.

India produces approximately 19-20 million tons of millet annually, yet only about 2 million tons are processed on an industrial scale. Bühler India, in collaboration with Nutrihub-IIMR, is committed to tackling the challenges in millet processing, focusing on extending shelf life, enhancing flour properties, and increasing processing yields.

A key part of this initiative is researching the most effective grinding methods to achieve superior product quality at Bühler’s Application Centre and Analytical Laboratory. The Application Centre fosters collaborative partnerships between industry experts and partners, featuring six process lines and over 30 machines to conduct comprehensive product and machine trials. Meanwhile, the Analytical Laboratory performs detailed physical, chemical, and quality analyses of grains to ensure superior product quality, reinforcing our commitment to advancing grinding techniques.

The collaboration seeks to advance millet processing

Company has reported Rs 841.80 million Profit After Tax (PAT) in Q1FY25.

Pune based Praj Industries (Praj), announced its unaudited financial results for the quarter ended June 30, 2024. In Q1 FY25 company’s income from operations stood at Rs. 6,991.41 million (Q1 FY24: Rs. 7,367.22 million; Q4 FY24: Rs.10,185.64 million). Company’s Profit Before Tax before exceptional items is at Rs. 788.80 million for the period (Q1 FY24: Rs. 777.03 million; Q4 FY24: Rs. 1,230.23 million). PBT after exceptional items Rs. 1,070.37 million. Company has reported Profit After Tax (PAT) Rs 841.80 million in Q1FY25 (Q1 FY24: Rs. 586.72 million; Q4 FY23: Rs. 919.36 million). Order intake during the quarter is Rs. 8,880 million.

Commenting on the Company’s performance, Shishir Joshipura, CEO & MD, Praj Industries said, “This quarter’s performance reflects the changing dimensions of the business dynamics. We are witnessing a healthy build-up of opportunities in key strategic areas of the company’s business. Our continued focus on innovation at the leading edge of technology will enable us deliver healthy performance going forward.”

Key Developments:

• International order booking comprises 42 per cent from international markets.

• Praj has successfully produced the first batch Lactic Acid 90 per cent, a building block for bioplastic, at its State-of-the-art demonstration plant for BioPolymers in Jejuri near Pune.

• Praj has established a Centre of Excellence & Innovation (CoEI) with Vasantdada Sugar Institute for

the Integration of Farm to fuel model with alternate feedstock development

Company has reported Rs 841.80 million Profit

Dr Ali’s recognition will coincide with the Awards and Closing Ceremonies of the CSSP-SABRAO (Society for the Advancement of Breeding Research in Asia and Oceania) 2024 International Conference on Breeding and Crop Science, which will be held on 15 August 2024.

The Crop Science Society of the Philippines, Inc. (CSSP) proudly announced that this year’s recipient of the Sant S. Virmani Hybrid Rice Award is Dr Jauhar Ali, IRRI Principal Scientist and Research Unit Leader – Hybrid Rice Technology for Industry of the Rice Breeding Innovations Department. Dr Ali also heads the Hybrid Rice Development Consortium (HRDC) and Project Leader and Coordinator for Asia & East South Asia to the Green Super Rice (GSR).

Dr Ali bested all other nominees after thorough deliberation and critical evaluation of the CSSP Achievement Awards Committee, approved by the 2023-2024 CSSP Board of Trustees. It is a fitting recognition as Dr Ali has just come from a successful Inception Meeting of the project with the Government of Madhya Pradesh entitled, “Development of Climate-resilient, Bio-fortified HYV of Paddy for Madhya Pradesh in Collaboration with IRRI,” jointly organized by IRRI and Jawaharlal Nehru Krishi Vishwa Vidyalaya (JNKVV), held on July 24-26 in Jabalpur, India. Dr P.K. Mishra, JNKVV Vice Chancellor, congratulates the IRRI team and is eager to strengthen the research collaboration with IRRI through this project. Dr M. Selvendran, Secretary, Farmers Welfare and Agricultural Development (FWAD), Madhya Pradesh Government, wants the IRRI technologies to bring socio-economic benefits to millions of tribal farmers in the rice belt through close collaboration with the JNKVV scientists.

Dr. Ali’s recognition will coincide with the Awards and Closing Ceremonies of the CSSP-SABRAO (Society for the Advancement of Breeding Research in Asia and Oceania) 2024 International Conference on Breeding and Crop Science, which will be held on 15 August 2024 at the Crimson Hotel, Filinvest-Alabang, Muntinlupa City. The award includes a plaque and a cash prize.

Dr Ali’s recognition will coincide with the

Company’s EBITDA Q1 grows 64.5 per cent Y-O-Y to Rs. 71.72 Crore

Dhanuka Agritech, one of the leading agrochemicals companies in India reported financial results for the first quarter of 2024-25 financial year. Gurugram-headquartered firm clocked Rs. 48.90 crore profit during April-June quarter of FY’25, up 48.5 per cent from the same quarter of the previous fiscal year. Total income grew 33.27 per cent to Rs. 500.71 Crore in the first quarter of this fiscal from Rs. 375.72 Crore in the corresponding period of FY’24.

Commenting on the Q1 performance, Mahendra Kumar Dhanuka, Vice Chairman & Managing Director said, “The year has started on a positive note, and we have witnessed decent demand for all our product categories during the first quarter. The timely arrival of the monsoon and dwindling inventory levels have contributed to increased orders from the distribution network, setting a positive trajectory for the company.”

“I am happy to inform you that the sowing season is in full swing in July and the sowing acreages for major crops are expected to be higher in the ongoing season, particularly in the wake of the prediction of a normal monsoon. The management is confident of delivering healthy growth in the second quarter and improving the EBITDA margins,” added Dhanuka.

Dhanuka Agritech is also dedicated to introducing new technologies to the agriculture sector. The company conducts training programs nationwide to demonstrate these technologies and educate farmers on the proper use of agrochemicals. Notably, in India, the consumption of agrochemicals per acre remains significantly lower than the global average.

Company’s EBITDA Q1 grows 64.5 per cent

The BLR airport handled 2.7 million pieces of mangoes, registering a 59 per cent rise in volume compared to the previous season.

The Kempegowda International Airport (KIA) has shipped 822 tonnes of mango in 2024, marking a 20 per cent year-on-year growth. The airport handled 2.7 million pieces of mangoes, registering a 59 per cent rise in volume compared to the previous season showcasing both the increasing demand for Indian mangoes in overseas markets and the airport’s operational efficiency in handling perishable exports. This is based on the momentum built from the previous year when BLR shipped 685 MT of mangoes.

Bangalore International Airport Ltd. (BIAL) mentioned that last year 685 tonnes of mango were exported. In this season a total of 27 lakh pieces were exported to 60 international destinations.

According to BIAL this season, mango exports to U.S. destinations surged, with airports such as Washington Dulles, Dallas–Fort Worth, and San Francisco emerging as the top destinations for Indian mango shipments. With an extensive export network of over 60 international destinations, including prominent airports like Chicago, Seattle, Dubai, London, and Houston, the KIA continues to pave the way for Indian agricultural products to reach global markets seamlessly and efficiently.

With robust logistical capabilities, strategic partnerships and steady support for India’s agricultural sector, BLR Airport continues to strengthen its position as a leader in facilitating the export of high-quality fresh produce, further solidifying its role as a catalyst for economic growth and trade development, stated the official release.

Satyaki Raghunath, chief operating officer, BIAL, said, “The KIA’s technologically advanced cold storage facility WFS BLR Cool port plays a crucial role in preserving the quality of the perishable produce throughout the supply chain. This achievement of substantially increasing our mango exports year-on-year reaffirms our position as a premier gateway that meets the growing demand for Indian mangoes, particularly two key international destinations.”

The BLR airport handled 2.7 million pieces

Strategic move of the company to meet the growing global demand of the Basmati rice.

KRBL Limited, renowned for its flagship range- India Gate Basmati Rice, the World’s No. 1 Basmati Rice brand*, is thrilled to reveal its product range at Tesco, the largest and most well-known supermarket chain in the UK. This ensures that India Gate Foods’ premium Basmati range is easily accessible for delivery to customers across the United Kingdom.

As a leader in the basmati rice industry, India Gate Foods has consistently established the benchmarks for rice quality and innovation. The availability of KRBL’s products at Tesco emphasizes KRBL’s dedication to offering consumers unmatched access to high-quality basmati rice and other products. Amidst the growing demand of high-quality Basmati in global markets, this strategic move marks a significant milestone as it broadens KRBL’s global reach. Shifting from a B2B to a B2C relationship through availability of products at Tesco allows the brand to engage directly with customers who have expressed their preference for “premium, aged, long grain basmati.”

” Introducing our India Gate Basmati Rice range at Tesco not only bolsters our global market presence but also highlights our dedication to delivering high-quality and exclusive products. We are devoted to expanding our export network into new regions, including Europe and North America, through strategic collaborations and enhanced product offerings. Our goal is to make the India Gate Basmati rice and KRBL product range accessible to a broader audience, allowing them to enjoy the rich heritage and superior flavour of our products, and to use the finest quality rice for creating various delicacies.” said Akshay Gupta, Business Head for Bulk Exports, KRBL.

KRBL worked in partnership with Golden Acre Foods to secure the launch.  Based in the UK, Bcorp certified company, Golden Acre Foods are experts in bringing global brands to UK supermarkets.  They are Tesco’s strategic partner in World Foods and are renowned for their full-service approach, providing end to end support and guidance for brands wanting to enter the UK market.   The launch of India Gate Basmati Rice in Tesco will provide a great platform for future growth.

“Tesco’s tremendous community of 2,904 retail stores throughout the UK will provide us with great enterprise opportunities, and we are expecting a tremendous raise in our sales in the European region. Launching our products at Tesco isn’t about expanding our footprint but also about establishing KRBL as a trusted household name in the global market.” Gupta added.

KRBL is optimistic about achieving positive growth driven by continued expansion in the domestic market and increased exports.

Strategic move of the company to meet

Company’s Crop Science division posts slight increase in sales and sharp fall in earnings.

The Bayer Group generated increased sales and lower earnings in the second quarter of 2024. Each business delivered a competitive performance in their respective industries, positioning the Group to confirm its 2024 outlook. “Our Crop Science business nearly offset headwinds in a challenging agricultural market environment,” CEO Bill Anderson said while presenting the company’s half-year financial report.

Group sales rose by 3.1 percent on a currency- and portfolio-adjusted basis (Fx & portfolio adj.) to 11.144 billion euros in the second quarter of 2024. There was a negative currency effect of 240 million euros (Q2 2023: 553 million euros). EBITDA before special items decreased by 16.5 per cent to 2.111 billion euros. This figure included a negative currency effect of 129 million euros (Q2 2023: 120 million euros). The decline in earnings was mainly due to an unfavourable product mix. In addition, the provisions for the Group-wide short-term incentive program were lower in the prior-year period. EBIT improved to 525 million euros (Q2 2023: minus 956 million euros) after net special charges of 490 million euros (Q2 2023: 2.490 billion euros). The special charges primarily related to expenses for ongoing restructuring measures and affected all divisions and functional areas. Net income amounted to minus 34 million euros (Q2 2023: minus 1.887 billion euros).

Business up slightly at Crop Science

In the agricultural business (Crop Science), sales increased by 1.1 percent (Fx & portfolio adj.) to 4.981 billion euros. Growth was mainly driven by higher sales of glyphosate-based herbicides, with a particularly strong performance in North America. Despite a decline in sales of non-glyphosate-based products, the Herbicides strategic business entity posted overall growth of 8.7 percent (Fx & portfolio adj.). Sales at Soybean Seed & Traits increased by a significant 12.4 percent (Fx & portfolio adj.), mainly thanks to substantially higher volumes in North America. Business was also up at Insecticides, with growth of 6.9 percent (Fx & portfolio adj.). By contrast, sales at Fungicides were down amid a soft market environment, falling 12.4 percent (Fx & portfolio adj.) as a result of lower volumes and prices in North and Latin America. Sales also decreased at Corn Seed & Traits, which saw a decline of 2.8 percent (Fx & portfolio adj.) that was mainly attributable to lower volumes in Latin and North America amid a decline in planted acreages.

EBITDA before special items at Crop Science decreased by 27.7 percent to 524 million euros, partly due to an unfavourable product mix. By contrast, there was a positive currency effect of 49 million euros (Q2 2023: negative currency effect of 96 million euros).

Group outlook confirmed

Bayer confirmed its Group outlook for full-year 2024. “We remain on track to deliver,” Anderson said. For the Crop Science Division, the company expects currency- and portfolio-adjusted sales growth and the EBITDA margin before special items to come in at the lower end of the projected ranges (between minus 1 and plus 3 percent, and between 20 and 22 percent, respectively). For the Pharmaceuticals Division, Bayer has upgraded its forecast for currency- and portfolio-adjusted sales growth to between 0 and 3 percent (previously: between minus 4 and 0 percent).

Company’s Crop Science division posts slight increase

In an exclusive conversation with Agrospectrum, Dr Neeraj Agarwal, Director and Chief Operating Officer, Resvera Winery revealed the entire ecosystem of India’s wine sector.

How do you envisage the future of Indian wine export?

The rapid growth of the Indian wine industry is the result of the individual efforts of a few entrants, such as Chateau Indage, Sula Vineyards in Maharashtra, and Grover Vineyards in Bangalore. The Indian wine industry has only been around for three decades, but it has already managed to initiate and establish its own wine industry. Compared to well-established wine regions that have been producing wine for centuries and that too in temperate climate conditions, we are producing wines in a climate that is classified as subtropical rather than tropical. For the time being, Indian wines have attained a certain degree of quality; but, in order for them to be accepted in western countries, they need to be introduced there. Therefore, efforts are required in this regard.

How does India fare in comparison to other global wine producers, and what changes need to be made so that the country may become a winemaking powerhouse?

Indian wines are still in the process of developing their image and are not even close to competing with global wine makers. Efforts are required in the direction of research and development in grape growing and wine making because there is still research work being done in India to improve grape production and quality as well as wine making. In order to popularise Indian wines, it is necessary to take it to global consumers in order to explain Indian wines and provide them with the taste of Indian wines.

To what extent does India’s wine industry have the resources and technology to produce high-quality wine at par with international norms?

The environment that we have is our best bet since it provides an abundance of sunlight throughout the year, which is essential for the growth of high-quality grapes as well as the development of sugar and flavours in grapes, which is necessary for the production of high-quality wines. However, there is a pressing need for research and development.

What are the most pressing problems preventing the Indian wine industry from expanding exports, and how may these be remedied?

In order to increase the demand for Indian wines in international markets, it is necessary to communicate with consumers from around the world, provide them with information about our wines, and provide them a taste of our wines. Additionally, it is necessary to gain an understanding of the characteristics that consumers from around the world want in Indian wines and then work to make wines that are suitable for international markets.

What are your expectations from the current government?

The Indian government ought to make it possible for indirect publicity to be spread about wines, and interstate barriers ought to be removed. Label registration fees and license fees should be reduced in each state in order to facilitate the development of the domestic market, which has a significant potential for expansion. This will, in turn, provide an opportunity to improve the rural economy through the creation of jobs in rural areas and the expansion of wine tourism in rural areas, given that wineries are dependent on grapes and fruits. There is a need for wineries to be built in rural regions since there is raw material available there; this presents an opportunity to boost the rural economy.

When comparing India’s wine exports to today, what changes stand out?

The export of Indian wines has been a lucrative route that has effectively taken us into the world arena. There have been several reasons for this success. Despite the fact that the volume of Indian wine exports is still relatively low in comparison to the sales of domestic wines or imported wines in India, the category has been steadily growing since the implementation of Covid. Furthermore, the category will continue to be a major focus area for all domestic wine producers in order to ensure that their brands are recognised on a global scale. In India, the majority of the market consists of sales of wines that are either domestically produced or imported.

How well does India’s wine industry have the resources and technology to make international-standard wine?

A significant number of the efforts that have been taken to make Indian wines comparable in terms of quality to those produced by global powerhouses have been validated by the numerous accolades that have been won by local producers over the course of the previous 10 years. As a result of this, we at Fratelli are increasing our utilisation of technology and exerting more effort than we ever have before, both in the vineyards and in the winemaking facilities, in order to guarantee that we continue to make progress and set new benchmarks for ourselves each year.

At this point, India has already made significant progress, and the gap that exists between us and other global powerhouses is narrowing with each passing year. On the other hand, there are a few conditions that will make it possible for us to narrow the gap even further. These conditions include more consistent taxation policies across the nation and technical advancements in the viticulture sector.

By Nitin Konde

In an exclusive conversation with Agrospectrum, Dr

The reduction in import duties on various ingredients /inputs for manufacture of prawn and shrimp feed/fish feed announced in Budget 2024-25 will help in increase of exports.

As a result of the various efforts made by the Government, India’s seafood exports have increased from Rs. 46,662.85 Crore in 2019-20 to Rs. 61043.68 Crore in 2023-24 registering a growth of 30.81 per cent.

The Government regularly monitors and reviews export performance, including that of marine products, along with export promotion bodies and the Indian missions abroad with the objective of enhancing exports vis-a-vis previous year. Internal targets are used for monitoring purpose only, and have been fixed at USD 7.86 billion for 2024-25.

The Government through Marine Products Export Development Authority (MPEDA), a statutory organization under administrative control of Department of Commerce provides assistance for upgrading the infrastructure facilities for value addition, establishing testing laboratories, participating in international trade fairs, and providing technical assistance for aquaculture production meant for exports, etc.

The reduction in import duties on various ingredients /inputs for manufacture of prawn and shrimp feed/fish feed announced in Budget 2024-25 will make Indian seafood-based value-added products more competitive in international markets and help in increase of exports. The reduction of import duties include from 15 per cent to Nil on Fish lipid Oil (HS 1504 20) & Algal prime (flour) (HS 2102 2000) , from 5  per cent to Nil on Krill meal (HS 2301 20), Mineral and Vitamin Premixes (HS 2309 90 90), from 30 per cent to Nil on Crude Fish Oil, from 15 per cent to 5 per cent on Prawn and shrimps feed (2309 90 31) and fish feed (2309 90 39), from 30 per cent to Nil on pre-dust breaded powder.

The Government has also increased the Remission of Duties and Taxes on Export Products (RoDTEP) from 2.5 per cent to 3.1 per cent for various seafood products and with maximum value cap per kg increased to Rs. 69.00, which will also encourage export of such products.

Furthermore, the Department of Fisheries, Govt. of India is implementing flagship scheme namely Pradhan Mantri Matsya Sampada Yojana (PMMSY) with an investment of Rs 20050 crore in fisheries sector for a period of 5 years i.e. FY 2020-21 to FY 2024-25 with an objective of promoting exports from the fisheries sector. The scheme intends to address critical gaps in fish production and productivity, quality of catch/harvests, technology infusion, post-harvest infrastructure, modernization and strengthening of value chain, reduction of post-harvest losses, traceability etc. Since 2020-21, the Department of Fisheries, Government of India has approved proposals to the tune of Rs. 1283.47 crore for development of cold chain infrastructure under PMMSY which includes construction of 586 cold storages, modernization of 78 cold storages/ice plants and 26588 post-harvest transportation facilities.

This information has been provided by the Union Minister of State for Commerce and Industry, Jitin Prasada in a written reply in the Rajya Sabha.

The reduction in import duties on various