United Kingdom returnee and seasoned corporate employee Manish Anand Jha, who worked for over 27 years in the construction business, has made a comeback to Madhubani, driven by his 'love for the land', aiming to set up a makhana (puffed foxnut or gorgon nut) processing plant at the age of 47.
The factory set up by Manish Anand is bordered by bamboo plants and open fields in Arer, Madhubani, which is over 160 kilometres from Patna and still seeks clear export policies and a proper industry body.
"Despite receiving the Geographical Indication tag over two years ago, the makhana industry still lacks any association. Moreover, the absence of a Harmonized System of Nomenclature (HSN) code has made the road even more difficult for this industry," says Manish Anand.
Rajeev Ranjan, an IIT Kharagpur graduate, has returned to his hometown of Darbhanga to set up his farmer production company. "Due to government policies, the superfood for the global market from the Home of Black Diamond Growers & White Gold Poppers, Mithilanchal, Bihar, has not made its presence in the world diaspora. The lack of an HSN code makes makhana untraceable and untrackable in the world market, which hampers its exports and global presence," says Ranjan.
هذه القصة مأخوذة من طبعة May 01, 2024 من Business Standard.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 8500 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة May 01, 2024 من Business Standard.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 8500 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
India Inc profit in Q4 grew least in 5 quarters
Listed companies' combined net profits (adjusted for exceptional gains and losses) were up 11.4 per cent yearon-year (Y-o-Y) in the January-March 2024 (Q4FY24), growing at the slowest pace in the last five quarters.
Rising mercury quenches FMCG thirst
With heatwave persisting in most parts of the country, fastmoving consumer goods (FMCG) companies continue to report a sharp increase in the sales of summer-centric products like ice creams and cold beverages.
Agnikul fires up reusable rocket dream, orbital launch next target
After the successful test flight of Agnibaan SORTED, Chennai-based space startup Agnikul Cosmos is lining up an orbital flight in the next 12 months and is also drawing up an ambitious plan to develop India's first reusable launch vehicle carrying payloads.
Indian travellers in 'hot pursuit' of luxury
More inclined to seek unique experiences, willing to brave the heat, and explore beyond traditional holiday seasons
HAZE OVER BRIGHT LINE TEST
Why transfer pricing over marketing intangibles has become a contested issue between companies and tax authorities
Of cricket and monetary policy
The June policy will be one of status quo in every way. There will be no change in rate or stance
Small credit business gives itself a hand
As unsecured loan growth ebbs, new ways to serve the segment have emerged, report
Banking channel for financial inclusion feels left out
Business correspondent firms' revenues are under stress as banks get tough with them to meet targets
Unclaimed shares in banks caught in legal limbo
The Banking Regulation Act, 1949, empowers the Reserve Bank of India (RBI) to regulate banks, but many of its provisions do not apply to those owned by the government.
Lack of central KYC hinders market participation
I recently spent an idyllic week trekking with friends in the Dordogne region of southwest France.
