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AgroPolicy, Dairy, Fruits, India, Vegetables

 Several Memorandum of Understandings were also signed among reputed institutions to leverage mutual expertise across the dairy value chain during NDDB’s Diamond Jubilee Year and the birth anniversary of Tribhuvandas Patel ji.

Amit Shah, Union Minister of Home Affairs & Cooperation launched farmer-oriented activities during NDDB’s Diamond Jubilee Year and the birth anniversary of Tribhuvandas Patel ji at NDDB’s TK Patel Auditorium on 22nd October 2024 in Anand.

The event commenced with Union Minister of Home Affairs & Cooperation laying the foundation stone of NDDB’s new office building in Anand along with laying foundation stone of other significant projects such as Mother Dairy’s Fruit & Vegetable Processing Plant in Itola, Vadodara and IDMC’s Polyfilm Plant in Narela, Delhi. In addition, the event featured launch of Gir Ghee from Mother Dairy and Badri Ghee from Uttarakhand Cooperative Dairy Federation which are leveraging the traceability mechanism of Bharat Pashudhan.

During the event, Manipur Milk Union was also given financial support by handing over of cheque to Manipur Milk Union by Chief Guest under the NDDB’s scheme ‘Revitalising Producer Owned Institutions’. Mother Dairy also shared the profit earned to farmers from whom they had purchased apricots from Ladakh, apples from Himachal Pradesh and pineapples from Meghalaya and making it available to the consumers. Further. first of its kind initiative in the dairy sector for monetisation of carbon credits in the country, dairy farmers from Rajasthan and Assam received payments under the NDDB and Sustain Plus Manure Management Programme. This represents a significant step towards ensuring additional income for dairy farmers through carbon credits on a sustainable basis.

In addition, several Memorandum of Understandings were also signed among reputed institutions to leverage mutual expertise across the dairy value chain including organics which will help taking the sector forward. These agreement included: collaboration between NDDB and Indian Institute of Science (IISc) to conduct cutting-edge research in One-Health focusing on innovation in animal health and sustainability; collaboration of National Cooperative Organics Limited with Mother Dairy and NDDB Mrida Limited to promote distribution of organic products as well as promoting organic farming practices; collaborations of  NDDB and Suzuki R&D Center India (SRDI) with Amul and Mehsana Milk Union to establish compressed biogas plants for rural mobility enhancing sustainable energy production along with organic ferilisers; partnership between NDDB and the Space Applications Centre (SAC), ISRO, to use remote sensing technology to assess fodder resources for improved resource management.

In his address Chief Guest, Amit Shah called for increasing the depth and spread of dairy cooperatives in new areas in which White Revolution 2.0 and formation of 2 lakh new cooperatives will play a major role.

Rajiv Ranjan Singh Union Minister of Fisheries, Animal Husbandry & Dairying and Panchayati Raj stated that under the leadership of Hon’ble Prime Minister Shri Narendra Modi ji, the country has made significant progress in milk production with several new initiatives like Indigenous Sex Sorted Semen, Unified Genomic Chip, Genomic Services for farmers etc.

Dr Meenesh Shah, Chairman, mentioned that with guidance and continued support from the central government, NDDB is committed to take new innovations, initiatives and activates to make our dairy sector more remunerative to farmers as well as making India a major player in the global dairy sector.

 Several Memorandum of Understandings were also signed

Agribusiness, Company News, Dairy, Finance, India

The group turnover of Brand Amul reached Rs. 80,000 crores (USD 10 billion) in 2023-24 from Rs 72,000 Crores (USD 9 billion) in 2022-23.

The 50th Annual General Meeting of the Gujarat Co-operative Milk Marketing Federation Ltd. (GCMMF), which markets the popular Amul brand of milk and dairy products was held on the 28th of September 2024. In the Golden Jubilee year of GCMMF, the organization registered a turnover of Rs. 59,545 Crores (USD 7 Billion) for the financial year 2023-24 with a growth of 8% YOY.  The group turnover of Brand Amul reached Rs. 80,000 crores (USD 10 billion) in 2023-24 from Rs 72,000 Crores (USD 9 billion) in 2022-23.

Amul has been ranked as the world’s strongest food brand and the strongest dairy brand as per Brand Finance, UK, world’s leading brand consultancy. Amul’s brand strength is attributed to its strong performance in familiarity, consideration, and recommendation metrics.

GCMMF, the world’s largest farmer owned dairy cooperative in the world with its 36 lakhs farmers across 18,600 villages of Gujarat and 18 member Unions procure 300 Lakhs litres of milk per day. GCMMF also ranks 8th among the top 20 dairy companies in world in terms of milk processing as per International Farm Comparison Network (IFCN).

Shamalbhai Patel, Chairman, GCMMF, said, “GCMMF has achieved a historic milestone of emerging as the strongest food brand in the world in its golden jubilee year.” We are planning continuous expansion in terms of adding new markets, launching of new products, and adding new milk processing capacities across India, he added.

On behalf of 36 lakhs milk producer members of Gujarat, Valamjibhai Humbal, Vice Chairman, GCMMF has conveyed his sincere gratitude to Government of Gujarat and Government of India for their continuous and timely support for various schemes related to milk producers. We also thank the Prime Minister Narendra Modi and Minister of Home Affairs and Cooperation Amit Shah for their continuous focus on developing the cooperative sector and in inspiring us to become a part of the global food basket and doubling the farmer’s income, he added.

The group turnover of Brand Amul reached

AgroPolicy, India, Supply Chain, Transportation

Initiatives to empower local farmers through provision of advanced facilities, greater access to international markets.

Jawaharlal Nehru Port Authority (JNPA) has outlined several key initiatives aimed at addressing the needs of the Palghar District Vegetables, Fruits, and Flowers Producers’ Association. During a meeting with the association, Chairman, JNPA and Managing Director, VPPL, Unmesh Sharad Wagh, proposed a world-class agro-processing unit like JNPA to enhance agricultural productivity and boost the region’s export potential. These initiatives will empower local farmers through the provision of advanced facilities, targeted training, and greater access to international markets.

Sharing details about the same, Unmesh Sharad Wagh, said, “Our goal is to empower the local farming community by equipping them with cutting-edge facilities and essential training, helping them tap into international markets and increase both productivity and earnings. As we advance with the development of the Vadhvan port, we are equally committed to the growth and prosperity of the surrounding communities. We are ensuring that everyone benefits from this project and no one is left behind.”

In line with JNPA’s vision to support local agriculture, a world-class agro-processing unit will be established, enabling farmers to export their produce globally while minimising wastage which is similarly being developed at JNPA. Additionally, VPPL will construct a headquarters building for the Palghar District Vegetables, Fruits, and Flowers Producers’ Association, equipped with advanced facilities like soil testing labs. Farmers will also gain access to JNPA’s agro and cold storage facilities for skill development, with a detailed plan soon to be rolled out.

To further enhance farmer education, VPPL will collaborate with Konkan Krishi Vidyapith to explore setting up a local extension campus for training purposes. In a broader push for skill development, JNPA will work with the Directorate General of Shipping to create programs that equip local youth with the skills needed to become seafarers. A comprehensive action plan for these initiatives will be presented soon.

Representatives of the Association expressed their satisfaction and support for the development of the Vadhvan Port.

Initiatives to empower local farmers through provision

Agro Universities, India, Soil Health, Sustainability, Textile industry

This partnership is set to empower smallholder farmers with cutting-edge agronomic practices designed to regenerate soil and boost cotton yields.

In a groundbreaking stride toward reshaping Indian cotton farming, the Confederation of Indian Textile Industry’s (CITI) Cotton Development and Research Association (CDRA) has teamed up with Beetle Regen Solutions to champion regenerative agriculture in Khargone, Madhya Pradesh. This visionary partnership is set to empower smallholder farmers with cutting-edge agronomic practices designed to regenerate soil, boost cotton yields, and create a sustainable future for agriculture.

A Game-Changing Approach to Farming

At the core of this initiative is the introduction of advanced techniques like high-density planting systems (HDPS), regenerative agriculture, and biochar applications. These pioneering methods not only promise to enhance cotton productivity but also rejuvenate soil health, capture carbon, and align Indian cotton farming with global climate action.

Key Highlights of the Partnership:

Empowering Farmers with Next-Gen Tools: Farmers are equipped with innovative practices such as HDPS and regenerative agriculture, enabling them to meet the rising global demand for eco-friendly, regenerative cotton that aligns with sustainable fashion goals.

Restoring Soil Vitality & Combatting Climate Change: By incorporating Biochar into the farming process, this partnership aims to transform agricultural land into powerful carbon sinks, significantly boosting the soil’s capacity to capture carbon and contribute to worldwide climate solutions.

Economic and Social Impact: The initiative is not only a leap for the environment but also a step toward economic empowerment. By improving cotton quality and yields, it helps secure higher incomes for farmers, enhancing their livelihoods and promoting social prosperity in cotton-growing regions.

This collaboration between CITI-CDRA and Beetle Regen Solutions marks a new chapter for Indian cotton farming, where environmental sustainability meets economic resilience. Together, they are charting a bold course that positions Indian cotton as a leader in regenerative agriculture, setting an example for the global agricultural community.

“With this partnership, we are laying the foundation for a future where cotton farming is not only sustainable but transformative—delivering better incomes for farmers while driving environmental regeneration,” said Rakesh Mehra, Chairman, CITI. “This is a game-changer for Indian agriculture and a crucial step toward achieving climate goals.”

This initiative reflects a shared commitment to making cotton farming a force for good—economically, socially, and environmentally. CITI-CDRA and Beetle Regen Solutions are setting the stage for a future where Indian cotton farming thrives in harmony with nature, creating lasting benefits for both people and the planet.

This partnership is set to empower smallholder

Agro Universities, Collaborations, Foodgrains, India, Supply Chain

APEDA’s initiative aims to promote export of non-basmati rice varieties.

The Agricultural and Processed Food Products Export Development Authority (APEDA) under the Ministry of Commerce and Industry jointly with IRRI South Asia Regional Centre (ISARC) organized a workshop on “Profiling of Potential Varieties of Non-Basmati Rice and Value-Added Products of Rice” at New Delhi.

The workshop showcased the outcome of two pioneering research projects, “Comprehensive Grain and Nutritional Quality Profiling of Non-Basmati Rice” focusing on identifying high-quality aromatic, nutrient-rich rice low glycaemic index (GI) varieties with geographical indication (GI) tag germplasm from various Indian states; and “Value-Added Products from Rice and Rice-Based Food Systems”, a project aimed at creating innovative, healthier rice-based products like nutrient-dense rice muesli, whole grain rice cookies popped rice, rice flakes, and instant upma.

These significant projects, supported by APEDA, are conducted at the state-of-the-art Centre of Excellence in Rice Value Addition lab at IRRI’s South Asia Regional Centre in Varanasi. During the event, IRRI presented the profiling of potential non-basmati rice varieties across India and showcased value-added products with global market potential.

Additional Secretary, Department of Commerce, Rajesh Agrawal in his keynote address acknowledged and appreciated the joint efforts of APEDA and IRRI for coming up with the focused research on the potential varieties of non-Basmati Rice. He emphasised that this joint initiative has huge potential, and the identified varieties of non-basmati rice not only possess significant export potential but also have health benefits such as low glycaemic index and is climate resilient. He further drew attention to the value addition and branding of the non-basmati rice varieties for tapping into the export potential and marketability of these varieties.

Chairman, APEDA, Abhishek Dev shared some insights on the importance of rice industry in India, the need for value addition, and research to improve sustainability and global competitiveness. He also expressed the need for collective effort to increase rice exports and benefit all stakeholders in the value chain. Further he stressed upon a starting point for developing strategies for increasing rice exports and rice-based products. Additionally, during his address, Chairman, APEDA also appreciated ISARC’s efforts, stating, “These projects not only respond to the growing demand for healthier food options but also capitalize on traditional rice varieties to create value-added products.”

Building on the success of APEDA’s initiatives, the strategic collaboration with stakeholders, alongside targeted marketing efforts by the industrial stakeholders, will be key to expanding both domestic and international market reach, thereby contributing to the premium economy and enhancing export potential under the non-basmati category.

APEDA’s support has significantly contributed to the success of these projects, enabling ISARC to pioneer advancements that will shape the future of India’s rice industry. The combined approach of developing low GI rice varieties and nutrient-dense value-added products is set to boost India’s export capabilities and promote significant economic growth within the agricultural & food processing sector.

APEDA’s initiative aims to promote export of

AgroPolicy, India, Opinions, Seeds

  FSII emphasises the urgent need for a comprehensive, balanced, and forward-looking national policy on genetically modified (GM) crops, as recommended by the Supreme Court.

The recent launch of 109 high-yielding, climate-resilient, and biofortified crop varieties by Prime Minister Narendra Modi indicates a significant advancement in Indian agriculture. These innovative crops, engineered to thrive even under challenging climatic conditions such as droughts, are poised to significantly boost farmers’ productivity within the next three years, thereby strengthening the nation’s food and nutrition security.

 While commenting on release of high-yielding seed varieties by Government, Ajai Rana, Chairman, Federation of Seed Industry of India (FSII) and CEO & MD, Savannah Seeds said, “The seed industry enthusiastically applauds this initiative and emphasizes the urgent need for a comprehensive, balanced, and forward-looking national policy on genetically modified (GM) crops, as recommended by the Honourable Supreme Court. Such a policy is crucial for fully realizing the transformative potential of biotechnology in agriculture, ensuring that Indian farmers can harness these innovations for sustainable growth and enhanced food security. The time has come for a unified national GM policy to streamline regulatory processes, encourage innovation, and drive progress in agricultural biotechnology for the greater good of the nation.”

  FSII emphasises the urgent need for a

AgroPolicy, India, R&D, Seeds

The review of agricultural research will ensure high productivity and development of climate-resilient varieties, which is a crucial step forward for seed industry.

 Ajai Rana, Chairman, Federation of Seed Industry of India (FSII) & CEO & MD Savannah Seeds shared his views on the Union Budget 2024 presented by Finance Minister Nirmala Sitharaman.

The seed industry welcomes the budget 2024-2025, which has allocated Rs 1.52 lakh crore to the agriculture and allied sectors, marking an increase from the Rs 1.25 lakh crore allocated in 2023. This budget has rightfully kept farmers at its core, identifying agriculture and its allied sectors as a top priority among the nine key focus areas. The emphasis on Productivity and Resilience in Agriculture highlights a strategic direction to strengthen the sector.

The push towards agricultural research in India is a significant concern for the seed industry. The finance minister has addressed this concern by announcing a comprehensive review of the agricultural research setup. This review will ensure high productivity and development of climate-resilient varieties, which is a crucial step forward for our industry.

Moreover, the announcement of the release of 109 high-yielding and climate-resilient varieties of 32 field and horticultural crops is a monumental step. This landmark initiative will address the detrimental effects of droughts and floods on agriculture, safeguarding farmers from crop losses and ensuring food security and stable incomes. Introducing these resilient crop varieties will support farmers through innovative agricultural practices.

India’s agriculture sector has recently emphasised the need to achieve self-sufficiency in oilseeds and pulses. In 2022-23, the country imported 165 million metric tonnes of edible oils. The announcement of a mission for pulses and oilseeds is a strategic move towards achieving self-reliance (Atmanirbharta), potentially saving India substantial amounts in import costs and strengthening domestic production.

The launch of the fourth phase of the Pradhan Mantri Gram Sadak Yojana aims to significantly boost rural connectivity, thereby fostering rural prosperity and attracting substantial capital, particularly Foreign Direct Investment (FDI), in the agriculture sector. The government’s steadfast commitment to facilitating the implementation of Digital Public Infrastructure (DPI) in agriculture, in collaboration with states, will modernise the sector and enhance its efficiency. Integrating the details of 6 crore farmers and their lands into centralized farmer and land registries will streamline agricultural management and support systems.

However, cotton should have also been included in this mission. A dedicated cotton technology mission is crucial to address the challenges faced by the cotton sector. Additionally, the budget missed providing tax benefits for the seed industry on research investments. Restoring the 200 per cent IT deduction that the industry has been advocating for would have been beneficial & is a miss in the budget.

The budget 2024-2025 reflects a comprehensive and progressive approach to strengthening India’s agriculture sector. The Federation of Seed Industry of India applauds these initiatives and looks forward to contributing to the nation’s agricultural advancement.

The review of agricultural research will ensure

AgroPolicy, India, Supply Chain, Transportation

 Jawaharlal Nehru Port Authority handled 567,392 TEUs in June 2024, an increase of 19 per cent year-on-year.

Jawaharlal Nehru Port Authority (JNPA) handled 1,688,145 TEUs from April 2024 to June 2024 compared to 1,526,284 TEUs in the same period last year, an increase of 10.60 percent. JNPA handled 567,392 TEUs in June 2024, an increase of 19 percent year-on-year. There is also a remarkable increase in the rakes share. In June 2024, containers handled through rakes were 86,333 TEUs, an increase of 17 per cent compared to 73,707 TEUs in June 2023, mentioned an official release.

 “We are delighted to share that JNPA has continued its growth trajectory with significant increase in handling TEUs. This quarterly performance is a testament to JNPA’s efforts to reduce logistics costs and time by providing efficiency in EXIM and ease of doing business. I must say that this quarter has been very fruitful for JN Port as we also received the cabinet’s approval for the mega port project of Vadhvan, which is going to be a game changer for the Indian Maritime sector”, Unmesh Sharad Wagh, Chairman, JNPA said in the statement.

“This project is a catalyst for strengthening economies of scale and transcending the conventional way of port operations in India. We also completed our 35 years of establishment and have been thriving ever since.” The port will comprise nine container terminals, each 1,000 metres long, four multipurpose berths, including the coastal berth, four liquid cargo berths, a Ro-Ro berth, and a Coast Guard berth. The project involves the reclamation of 1,448 hectares of area in the sea and the construction of 10.14 km of offshore breakwater and container/cargo storage areas. The project will create a cumulative capacity of 298 million tonnes per annum, including around 23.2 million TEUs of container handling capacity.

 Jawaharlal Nehru Port Authority handled 567,392 TEUs

Acquaculture, Agribusiness, India, Trade

Major export items include frozen shrimp and frozen fish; US & China remain top export destinations.

India’s seafood exports touched an all-time high in volume during the financial year 2023-24 despite various challenges in significant export markets. India shipped 17,81,602 MT of seafood worth Rs 60,523.89 crore (US$7.38 billion) during 2023-24.

Frozen shrimp remained the major export item in quantity and value, while the USA and China became the major importers of India’s seafood. During FY 2023-24, the export improved in quantity terms by 2.67 per cent. In 2022-23, India exported 17,35,286 MT of seafood worth Rs 63,969.14 crore (US$8,094.31million).

“India recorded an all-time high export in terms of volume by shipping 17,81,602 MT of seafood worth US$ 7.38 billion, despite the several challenges in its major export markets like the USA, EU & the UK,” D V Swamy IAS, Chairman, Marine Products Export Development Authority (MPEDA), said.

Frozen shrimp, which earned Rs 40,013.54 crore (US$4881.27million), retained its position as the top item in the seafood export basket, accounting for a share of 40.19 per cent in quantity and 66.12 per cent of the total dollar earnings. Shrimp exports during the period increased by 0.69 per cent in quantity terms.

The export of frozen shrimps during 2023-24 was pegged at 7,16,004 MT. The USA, the largest market, imported 2,97,571 MT of frozen shrimp, followed by China (1,48,483MT), the European Union (89,697 MT), Southeast Asia (52,254MT), Japan (35,906MT), and the Middle East (28,571 MT).

The export of black tiger (BT) shrimp increased by 24.91 per cent, 11.33 per cent and 8.28 per cent in quantity, value and US$ terms, respectively, in 2023-24. BT shrimps were exported to the tune of 38,987 MT worth Rs 2855.27 Cr (US$347.84 million).  China (including Hong Kong) turned out to be the major export destination for black tiger shrimp with a share of 28.43 per cent in terms of US$ value, followed by the USA (18.21 per cent), European Union (18.06 per cent) and Japan (13.12 per cent).  Scampi exports have shown a positive trend of 6.42 per cent, 23.22 per cent and 18.96 per cent in quantity, value and US$ terms, respectively, in 2023-24. The Vannamei shrimp exports have grown in 2023-24 by 0.33 per cent by volume; however, they declined by 11.56 per cent from US$ 4809.99 million to US$ 4253.86 million.

Major Export Destinations

As for overseas markets, the USA continued to be the major importer of Indian seafood in value terms, with an import worth US$2,549.15 million, accounting for a share of 34.53% in terms of US$ value. Exports to the US increased by 7.46 per cent and 1.42 per cent in quantity and value ₹ terms; however, they declined by 3.15 per cent in US$ terms. Frozen shrimp continued to be the principal item exported to the US, with a share of 91.90% in US terms. Exports of black tiger shrimp to the US increased by 35.37 per cent in quantity terms and 32.35% in value in US terms.

China (excluding Hong Kong and Taiwan) emerged as the second largest seafood export destination country for India in terms of US$ with an import volume of 4,51,363 MT worth US$1,384.89 million, accounting for 25.33 per cent share in quantity and 18.76 per cent in US$ terms. Exports to China grew by 12.80% in quantity; however, they declined by 0.88% in ₹ value and 4.21% inUS$ value. Frozen shrimp, the major item of exports to China, had a share of 32% in quantity and 55.11 per cent in US$ value, while frozen fish had a second most share of 36.83% in quantity and 21.56% in terms of US$ value out of the total exports to China.

Japan is the third largest importer, with a share of 6.06 per cent in quantity and 5.42 per cent in US$ value terms. Frozen shrimp continued to be the major item of exports to Japan, with a share of 33.26% in quantity, 65.94% in ₹, and 65.98 percent in US$ value.

Vietnam holds the fourth largest market position, importing 1,32,086 MT worth US$ 391.41 million. Frozen shrimp dominates the import with a share of 55.43% in US$ earnings and 30.11% in quantity, followed by dried items.

Thailand is the fifth largest market, with a US$ share of 3.82 per cent and a third-place position by volume (7.77 per cent share), with 1,38,457 MT worth US$ 281.97 million. Frozen fish remained the significant item exported to Thailand, accounting for a share of 44.37 per cent in US$ earnings and 63.91 per cent in quantity.

Major export items include frozen shrimp and

Agribusiness, Company News, Drones, India, Start ups

 Over the past year, company’s revenue has grown 2.7x to Rs 32.26 Crore and PAT has grown 2.76x to Rs 7.08 Crore.

Drone Destination India’s leading Drone-as-a-Service provider and the largest DGCA certified Drone Pilot Training company, today announced its financial results for FY 23-24. Company has posted revenue of Rs 3262.02 Lakhs in FY 23-24. Company’s EBIDTA stood at Rs 1386.39 Lakhs with margin of 41 per cent. Company reported Rs 948.12 Lakhs Profit Before Tax (PBT) with margin of 29 per cent. Profit After Tax (PAT) stood at Rs 708.21 Lakhs in FY23-24.

Chirag Sharma, CEO, Drone Destination said, “Over the past year, our revenue has grown 2.7x to Rs 32.26 Crore and our PAT has grown 2.76x to Rs 7.08 Crore. We have continued to maintain leadership position for Drone Training in India, and we are proud to be part of the Namo Drone Didi scheme, having trained the highest number of Drone Didis in the country. Drone Destination won and successfully executed its first independent drone survey project for Government of Andhra Pradesh Land Records Dept. We also forayed into Agri Drone Services in collaboration with IFFCO and executed over 28,000 Drone Demonstrations under the Viksit Bharat Sankalp Yatra. Drone Destination is on a high-growth trajectory and aims to scale its integrated Service & Training network pan-India.”

Alok Sharma, Chairman, Drone Destination said, “Our vision and business fundamentals aligned with core focus on Drone-based Services & Training has helped us achieve 43 per cent EBIDTA and 22 per cent PAT over the last year. Our on-ground execution capabilities have helped us develop credible associations, as we have recently collaborated with IFFCO for the largest Drone Spray project over 30 lakh acres across 12 states in India. Drone Destination also has a steady pipeline of upcoming projects and partnerships, including Urban Mapping, LIDAR surveys, as well as launch of Drone Soccer in India, an exciting new sport, blending education, technology and recreation.”

Key highlights:

  • Became the first Drone Company to list on NSE Emerge.
  • Trained over 2100 Pilots along with our partner IGRUA Actively participated in the “Namo Drone Didi” scheme and trained more than 600 Namo Drone Didis, nominated by our new client base including large fertilizer and agro-chemical companies such as IFFCO, KRIBHCO, Chambal Fertliser, IPL, Indorama etc.
  • Won and executed our first independent Drone Survey Project from Andhra Pradesh Land Records Department, mapping 1.4 Lakh hectares in the state
  • Forayed into Agri Spray services and deployed close to 200 Drones & Drone Pilots for IFFCO, and covered over 28,000 Gram Panchayats for Agri Spray demonstrations under Viksit Bharat Sankalp Yatra
  • Introduced new “Kickstarter” & “Training Partner” Program to expand training footprint across India

 Over the past year, company’s revenue has

Agribusiness, Agro chems – Fertilizers, Agrotech, Company News, Drones, India

As part of the MoA, Drone Destination will undertake drone spray in 12 states across the country.

Drone Destination India’s leading Drone-as-a-Service provider and the largest DGCA certified Drone Pilot Training company, today announced the signing of an MOA with IFFCO to collaborate for spraying of IFFCO Nano fertilisers, Sagarika and other IFFCO Agri-Products using drones for up to 30 lakh acres of farmland across 12 states in India.

As part of the MoA, Drone Destination will undertake drone spray in 12 states across the country. These states include Andhra Pradesh, Bihar, Gujarat, Haryana, Karnataka, Madhya Pradesh, Maharashtra, Punjab, Rajasthan, Telangana, Uttar Pradesh, Uttrakhand. The drones will be spraying IFFCO Nano Urea, Nano DAP, Sagarika, IFFCO MC Agro-Chemicals and other IFFCO & IFFCO JV’s Agri-Products, with the aim of enhancing agricultural productivity and efficiency. Other benefits under the MOA include opportunities for sale of IFFCO agri-inputs/products for drone spray.

Commenting on the business win, Alok Sharma, Chairman, Drone Destination said, “We are elated to partner with the world’s top cooperative IFFCO for transforming Indian agriculture. Drones have a wide range of applications and their influence on agriculture, which is basic to human survival is revolutionary. Drones will bring efficiency, scalability, cost competitiveness, and speed to agricultural practices in India, enabling the sector to increase its contribution to GDP. As a leading player, spearheading the adoption of drones across multiple sectors, this is an important milestone for us in the journey towards drone adoption in the country.”

Chirag Sharma, MD & CEO Drone Destination added – “We thank IFFCO for choosing us and showing faith in our capabilities for implementing large-scale drone projects. This mandate will surely cement our position in the industry as the go-to company for executing large-scale drone projects in the country.”

As part of the MoA, Drone Destination

Agribusiness, India, Interaction, Seeds

In a conversation with AgroSpectrum, Rajendra Barwale, Chairman, Mahyco, discusses key developments and challenges of this sector. Edited excerpts:

As of 2023, the Indian seed market is valued at $3,914.36 million and is projected to grow at a compound annual growth rate (CAGR) of 7.41 per cent by 2029. Initial Public Offerings (IPOs) from the seed business, which has recently captured the interest of investors, are something that Indian investors are eagerly anticipating. Foreign Direct Investment for the development and production of seeds and planting materials is allowed by the government. Leading seed firms are combining cutting-edge digital technology, lending a further boost to the market to mitigate the effects of pests, climate, and other external factors on farming. The agricultural sector is poised for a prosperous future because of the convergence of data science, artificial intelligence tools, cutting-edge phenomic analysis, and genetic sequencing. In a conversation with AgroSpectrum, Rajendra Barwale, Chairman, Mahyco, discusses key developments and challenges of this sector. Edited excerpts:

How is technology helping the seed sector thrive?

Every facet of our lives is undergoing a rapid transformation as a result of the application of technology. Not one exception to this pattern may be seen in the agriculture and seed industry. Seed firms can develop novel, efficient, and speedier technologies for the production of new genetics that can be supplied through seeds due to the growing knowledge base of biological sciences mixed with information technology. Agriculture is facing numerous difficulties due to the depletion of natural resources, the influence of rapid climate change, and the growing demand for the development of instruments for sustainable agriculture. We believe that the utilisation of the aforementioned instruments has the potential to offer long-term solutions for overcoming these issues and assisting in the fulfilment of the agri expectations. For instance, the application of technology could help reduce the amount of fresh water and chemical fertiliser used for farming.

How has FDI in seed manufacturing strengthened the seed industry in the country?

Since the late 1980s and the early 1990s, when a new seed policy was introduced, foreign direct investment (FDI) in the seed business has been permitted in India. The liberalisation of FDI was a significant factor in the acceleration of the development of the Indian seed industry, as well as the introduction of innovation and technology. In the long run, it is essential to cultivate such an environment for the seed industry to provide farmers with improved goods and technology, hence strengthening the overall competitiveness of Indian agriculture and improving the quality and productivity of our crops.

What role can the government play in supporting the seed industry?

The development of a thriving seed industry is essential to the expansion of agriculture, and it has been an essential factor in the enhancement of agricultural yield across the globe over many years. For instance, the green revolution in India, which resulted in a surplus of food from ‘ship to mouth’ during the early years of independence, had its origins in the enhanced varieties of wheat and rice that we grew by utilising the genetics of wheat and rice that were brought in from Mexico and International Rice Research Institute (IRRI), Manila, respectively. In India and around the world, we can provide several examples of such shifts that have been brought about by the science of plant breeding. However, compared with other agriculturally developed countries, the size of the seed sector in terms of its potential is relatively quite modest at the moment. This presents us with a significant possibility for future expansion. As a result of the fact that the expansion of the seed industry would have a multiplier effect on the development of the agriculture sector, the contribution of the Government of India in the expansion of the seed industry would be beneficial to all of the stakeholders in Indian agriculture, most particularly our farmers.

What are the major challenges that are hampering the growth of this sector?

The ‘low amount of money’ we invest in research and development (R&D) is the most significant element that is hampering the expansion of the seed industry. Less than four per cent of our seed industry’s yearly income is anticipated to be invested in R&D, which is far lower than the 8 to 10 per cent seen in agriculturally developed nations. Since we have the greatest population to feed and our crop productivity is much lower than the average crop productivity around the globe for the majority of crops, we ought to be investing a great deal more in R&D. To promote investments in R&D, the sector requires heavy policy assistance. The most important areas include the strengthening of intellectual property rights, the promotion of a regulatory system that is founded on science and is predictable, the encouragement of market-based pricing, and the guaranteeing of policy harmonisation not just between the central government and the states, but also on a worldwide scale.

To read more click on: https://agrospectrumindia.com/e-magazine

In a conversation with AgroSpectrum, Rajendra Barwale,

Agribusiness, Company News, Dairy, Finance, India

Company’s PAT in Q4 FY 24 was Rs.52.16 crores as against Rs 24.99 crores in Q4 FY 23 registered a growth of 108.76 per cent.

Chennai based Hatsun Agro Product Ltd, India’s leading private sector dairy company, has announced its financial results for the 4th Quarter and for Financial Year ended 31st March 2024. Company’s revenue from operations in Q4 FY 24 was Rs 2046.87 crores as against Rs 1789.46 crores in Q4 FY 23 registered a growth of 14.38 per cent. Company registered a growth of 39.04 per cent in milk procurement in FY 24 over FY 23.

COVID had disturbed the operations for two years, which led to an impact on milk procurement in the second half of FY 2022-23 and the first half of FY 2023-24. Normalcy has been restored in the second half of 2023-24 for both procurement of milk and sales.

Commenting on the results, R G Chandramogan, Chairman, Hatsun Agro Product Ltd said, “We are happy to report good growth in procurement of milk and revenues both in Q4 and for the full FY 2023-24. Strong sales recovery in the domestic market post Covid with good summer sales have led to good sales volume. All our business verticals did well with our leading brands registering healthy sales growth.

HAP’s retail expansion in the last two years helped us reach customers in new markets like Maharashtra, Orissa, West Bengal and Madhya Pradesh and also supported existing strong bases in South India. HAP in the last financial year, had invested about Rs 550 crores across new manufacturing facilities for capacity expansion in Curd and Milk Products and in market assets. The new capacities will further support our sales plans for FY 2024-25. Considerable investments have also been made to strengthen distribution, sales and marketing of our brands.”

Q4 FY 24 Vs Q4 FY 23 Highlights:

1. Revenue from operations in Q4 FY 24 was Rs.2046.87 crores as against Rs 1789.46 crores in Q4 FY 23 registered a growth of 14.38 per cent

2. EBITDA in Q4 FY 24 was Rs.231.77 crores as against Rs.158.05 crores in Q4 FY 23 registered a growth of 46.64 per cent.

3. PBT in Q4 FY 24 was Rs.70.89 crores as against Rs 32.88 crores in Q4 FY 23 registered a growth of 115.59 per cent.

4. PAT in Q4 FY 24 was Rs.52.16 crores as against Rs 24.99 crores in Q4 FY 23 registered a growth of 108.76 per cent.

5. Procurement of milk registered a growth of 39.04 per cent in FY 24 over FY 23.

FY 24 Vs FY 23 Highlights:

1. Revenue from operations in FY 24 was Rs.7990.40 crores as against Rs.7246.97 crores in FY 23 registered a growth of 10.26 per cent.

2. EBITDA in FY 24 was Rs.921.56 crores as against Rs.712.00 crores in FY 23 registered a growth of 29.43 per cent.

3. PBT in FY 24 was Rs.357.89 crores as against Rs.224.56 crores in FY 23 registered a growth of 59.37 per cent.

4. PAT in FY 24 was Rs.267.29 crores as against Rs.165.86 crores in FY 23 registered a growth of 61.15 per cent.

5. Procurement of milk in FY 24 registered a growth of 20.30 per cent

Company’s PAT in Q4 FY 24 was

Agro Universities, Agrotech, R&D

Dhanuka Agritech will provide training related to agricultural production to these small farmers by associating with the central institutes, ATARIs and KVKs.

The Indian Council of Agricultural Research (ICAR) and Dhanuka Agritech Limited has signed a Memorandum of Understanding (MoU). Deputy Director General (Agricultural Extension), ICAR Dr. U.S. Gautam and Chairman, Dhanuka Agritech Limited Dr R.G. Aggarwal signed this MoU on behalf of respective organisations.

Dr Gautam said that the objective of this agreement is to utilise the efficiency of both the institutions to deliver new technology to the farmers. He said that there are more than 14.5 crore farmers across the country, out of which most of the farmers are having small land holdings. Dhanuka Agritech will provide training related to agricultural production to these small farmers by associating with the central institutes, ATARIs and KVKs.

Dr. Gautam said that today the whole world is facing the challenges of climate change and India is no stranger to it, in such a time there is a need for both the institutions to work together on a new method of agricultural production which is climate-friendly. The aim of this MoU is to promote natural farming in the changing environment, he added.

Dr Aggarwal said Dhanuka Agritech will provide advisory service and train farmers in collaboration with ICAR-ATARI and KVKs. On this occasion, Assistant Director General of ICAR, Directors, senior scientists and senior officers of ICAR headquarters were also present.

Dhanuka Agritech will provide training related to