Hi, NewsWrap for December 27, 2023

27-December-2023: ICRA Anticipates 8-10% Revenue Growth for Indian Poultry Industry in FY2024, Fifty Fifth Annual General Meeting of PMFAI, Innovative Sensor, Agricultural Pumps

27 December 2023

  • ICRA Anticipates 8-10% Revenue Growth for Indian Poultry Industry in FY2024

    ICRA has maintained its expectations for robust revenue growth at approximately 8-10% in the domestic poultry industry for FY2024. The key drivers include substantial volume expansion and a notable uptick in the market share of organized players, signaling positive trends for the sector. Following a surge in demand in the current fiscal year, there has been a noteworthy enhancement in average realizations, reaching approximately Rs 107/kg in H1 FY2024 compared to Rs 101/kg in FY2023 (Rs 96.5/kg in H2 FY2023). 

  • Fifty Fifth Annual General Meeting of PMFAI Held in Mumbai on December 22

    PMFAI’s Industry Meet was well attended by distinguished members from Agrochemicals, Biological, and allied products Industries. The proceedings of the Industry Meet commenced with a Welcome Address by PMFAI President Mr. Pradip Dave giving a detailed account of PMFAI's efforts to safeguard the interests of the Indian Pesticides Industry.

  • PM Modi Applauds Haridwar Farmer For Doubling Income From Matasya Sampada Yojna

    Prime Minister Narendra Modi on Wednesday, December 27, interacted with beneficiaries of the Viksit Bharat Sankalp Yatra via video conferencing. The yatra is being undertaken across the country to attain saturation of flagship schemes of the government by ensuring that the benefits of these schemes reach all targeted beneficiaries in a time-bound manner.

  • Innovative Sensor Detects Harmful Formalin in Fish at Room Temperature

    A low-cost sensor utilizing a composite of metal oxide nanoparticles and graphene oxide has been engineered to detect the presence of formalin in fish without causing any harm to it. This sensor boasts extended stability and impressively low detection limits. The adulteration of food products with illegal or hazardous substances to enhance their appeal or prolong their shelf life has been a concern for the country. Formaldehyde, a colorless and sharp-smelling gas, is frequently used in industrial processes, notably as a preservative in certain foods, particularly fish in developing nations.

  • J&K Administration Gives Nod To Solarisation of Agricultural Pumps

    The Jammu and Kashmir administration has given the green signal for the solarisation of 4,000 agricultural water pumps, marking a step towards leveraging solar power for agricultural needs in the state. The administrative council meeting led by Lieutenant Governor Manoj Sinha, approved the move of solarising 4,000 individual grid-connected agricultural pumps. Chief Secretary Atal Dulloo was also in attendance during this meeting.

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27 December 2023

That's it for for 27 December 2023
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