03-November-2022: APEDA, P&K fertilizer, Rabi Season, Kosova Commercial-Economic Office, IFC, Dhanuka Agritech

3 November 2022

• APEDA Plans to Increase Millets Export to Rs 2,000 cr by FY26

  With millets exports increasing by 14%, the government's agri export promotion body, APEDA, has decided to focus on shipments of its organic variety in order to meet the target of at least Rs 2,000 crore export by FY26. Millets exports were estimated to be worth Rs.460 crore in 2021-22."We intend to exceed Rs 2,000 crore by 2025-26 by supplying value-added and processed organic millet products to at least 100 countries," said M Angamuthu, Chairman of the Agricultural and Processed Food Products Export De velopment Authority (APEDA).

• Agriculture Ministry to Set Up Accelerator Programme of Rs 500 Cr for Promoting Agri Start-ups

  Mr Kailash Choudhary, Minister of State, Ministry of Agriculture and Farmers Welfare, Govt of India on November 2 said that soon an accelerator program of Rs 500 crore will be started to take forward the successful initiatives of Agri Start-ups in which DARE, DPIIT, Agri Incubators, agriculture universities, research institutes, investors and other stakeholders will be included. Speaking at the 5th FICCI Agri Start-up Summit & Awards in 2022, Mr. Choudhary said that the Ministry will create a new section of Agriculture Start-up, which will be headed by a Joint Secretary. He continued, "A cell will also be created to function as a one window agency to enable all the links necessary for Agri Start-ups.

• Rabi Season 2022–23: Centre Approved Spending Rs 51,875 Cr on P&K fertilizer

  According to a formal announcement, Prime Minister Narendra Modi led by CCEA approved the nutrient-based subsidy (NBS) prices for P&K fertilizers for the rabi season of 2022–2023. This would make it possible for farmers to easily get all P&K fertilizers during Rabi 2022–2023 at discounted or reasonable fertilizer costs, supporting the agricultural sector. To guarantee that these fertilizers are consistently available to farmers at reasonable prices, the CCEA has established nutrient-based subsidy rates for phosphatic and potassic fertilizers, which also includes assistance for indigenous fertilizer through freight subsidy.

• IFC Invests in Crystal Crop to Fund Growth in Affordable, Green Crop Solutions

  The project will improve farmers' productivity by increasing their access to specialized, reasonably priced, and environmentally friendly crop protection solutions. The project will boost market competitiveness while helping farmers, serving as a catalyst for the development of the agriculture sector in India. The leading agrochemical company in India, Crystal Crop Protection Ltd., will be able to increase farm productivity, reduce supply chain disruptions brought on by COVID-19, and establish a robust infrastructure for the sustainable production of crop protection products thanks to an investment of Rs. 300 Cr. from IFC and IFC Emerging Asia Fund (EAF). 

• Haryana CM Manohar Lal to Inaugurate Dhanuka Agritech’s R&D Center for Farmers at Palwal Tomorrow

  Dhanuka Agritech, one of the leading agrochemical companies in the country, has set up a new research and development center at Palwal in Haryana with an investment of Rs 10 crore. On November 4, the Chief Minister of Haryana, Manohar Lal will inaugurate the state-of-the-art 'Dhanuka Agritech Research & Technology Centre’ (DART). Minister of State for Power and Heavy Industries, Government of India, Krishan Pal Gurjar; Agriculture Minister, Govt. of Haryana, J P Dalal; Deepak Mangla, MLA Palwal, Vice Chancellor of Chaudhary Charan Singh, Haryana Agriculture University (HAU), Dr. (Prof) B R Kamboj and Vice Chancellor of Maharana Pratap Horticulture University, Prof. Samar Singh along with other dignitaries will also be present at the inauguration event to bless the upcoming research center.

• “Kosovo is a Tax Haven for Indians”: Director General, India Kosova Commercial-Economic Office

  Speaking at the opening ceremony of its first India Kosova Commercial-Economic Office, its Director General Payal Kanodia shares about the various opportunities that could help foster bilateral relations between both countries. Signing an MoU with Krishi Jagran was a highlight of the evening.