AgroSpectrum - June 2023

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India Bolsters Horticulture Sector to Boost Export
The horticulture sector, which contributes approximately 33 per cent of the gross value of agricultural GDP, is emerging as a key driver of economic growth and transitioning into an organised industry encompassing seed trading, value addition, and exports. India holds the second position globally in fruits and vegetable
production, following China, as per data from the Agricultural and Processed Food Products Export Development Authority (APEDA). The export growth is hindered by challenges such as inadequate adherence to international quality standards, marketing diffi culties, inadequate transportation infrastructure, fragmented supply chains, and insuffi cient storage facilities. To address these challenges, the government has allocated Rs 2,200 crore in the Union Budget of 2023 for
the development of the horticulture sector. This provision aims to promote the availability of disease-free, high-quality planting material for valuable horticultural crops. Additionally, the government has permitted five private fi rms to undertake cluster farming of specifi c horticulture crops on a pilot basis in approximately
50,000 hectares with an investment of Rs 750 crore. The government is progressively adopting a cluster value-chain-based approach to position Indian horticulture as a leader in the global market. The utilisation of artificial intelligence (AI) and the Internet of Things (IoT) in providing end-to-end solutions for growers and buyers, the establishment of more horticulture clusters, fi nancial support from the government and private sector, and improved infrastructure for storage and logistics will contribute to making the horticulture supply chain more robust.

Centre launches Seed Traceability portal and mobile app

Union Agriculture and Farmers Welfare Minister, Narendra Singh Tomar inaugurated the SATHI (Seed Traceability, Authentication and Holistic Inventory) Portal and Mobile App

1 min

Punjab allocates Rs 4.07 Cr to boost horticulture

The Punjab government has allocated Rs 4.07 crore to bolster the horticulture sector in Sangrur and Malerkotla districts

1 min

Syngenta Group records Q1 2023 sales of $9.2B

Syngenta Group has released its financial results for the first quarter of 2023

1 min

Best Agro aims to increase market share by 20%

Best Agrolife Ltd has announced its medium to long-term target of capturing a 15-20 per cent market share

1 min

Bayer Crop Science grows outside the glyphosate business in Q1 FY23

The Bayer Group has released its financial results for Q1 FY23

1 min

UPL FY23 sales up 16% to Rs 53,576 Cr

UPL Ltd has released its financial results for the fourth quarter of FY23 (Jan-Mar 2023)

1 min

Sahyadri Farms announces ESOPs worth Rs 70 Cr

Sahyadri Farms, India's largest integrated value chain owned by small and marginal farmers and based in Nashik, has announced an Employee Stock Ownership Plan (ESOP) for the year 2023, worth Rs 45 crore, allocated to its employees from a total ESOP pool of Rs 70 crore

1 min

WRMS to close the $160B underinsurance gap with SecuRisk

Weather Risk Management Services (WRMS), an agriculture and climate risk management company based in New Delhi, has introduced SecuRisk, a groundbreaking solution aimed at addressing the $160 billion global protection gap

1 min

Two Brothers Organic Farms raises 14.5 Cr in Pre-series A funding round

Two Brothers Organic Farms (TBOF), a producer of natural and organic farming products, has announced the successful completion of its preSeries A funding round, raising Rs 14.5 crore

1 min

Leads Connect, ICRISAT partner for sustainable agri solutions

Leads Connect Services, the premier agritech data, risk management, and financial services company based in Noida, has partnered with the Agribusiness and Innovation Platform-International Crops Research Institute for the Semi-Arid Tropics (AIPICRISAT) to organise a sensitisation programme on marketing strategies for Farmer Producer Organisations (FPOs) in Hyderabad

1 min

Telangana to establish the world's largest aqua hub in Sircilla

The Telangana Government has unveiled plans to establish the world's largest integrated freshwater aqua hub at Mid Manair Dam in Rajanna Sircilla

1 min

Animpet launches India's first integrated animal economy e-marketplace

Animpet Ecomm has launched Animstok.com, India's first Hybrid E-Marketplace, following successful trial runs with over 25,000 vendors offering 150,000 products and services

1 min

UK-India science MoU to help aquaculture

The UK and India have signed a Memorandum of Understanding (MoU) agreement focused on science, research and innovation

1 min

India Bolsters Horticulture Sector to Boost Export

The horticulture sector, which contributes approximately 33 per cent of the gross value of agricultural GDP, is emerging as a key driver of economic growth and transitioning into an organised industry encompassing seed trading, value addition, and exports. India holds the second position globally in fruits and vegetable production, following China, as per data from the Agricultural and Processed Food Products Export Development Authority (APEDA)

10+ mins

Telangana receives Rs 7218 Cr investments in agri-food industry

The Food Conclave 2023

4 mins

IRRI Director Dr Ajay Kohli joins SAB of Ignite Life Science Foundation

Dr Ajay Kohli, a highly experienced and accomplished researcher in the agricultural sector, has joined Ignite Life Science Foundation as a new member of their Scientific Advisory Board (SAB)

1 min

ICAR-NBFGR, CST encourage schoolgoers to innovate for startups

National Technology Day was celebrated by the Indian Council of Agricultural Research (ICAR)-National Bureau of Fish Genetic Resources (NBFGR) in Lucknow, in collaboration with the Council of Science and Technology, Uttar Pradesh

1 min

ICAR-CIFRI signs deal with Glaucus Agrochem for "Cagegrow" floating feed

ICAR-Central Inland Fisheries Research Institute (CIFRI), Barrackpore has entered into a Technology License Agreement with Glaucus Agrochem Pvt Ltd for the \"CIFRI Cagegrow\" floating fish feed

1 min

Nichino India inaugurates new manufacturing plant in Karnataka

Nichino India, a prominent agrochemical company, has recently inaugurated a state-of-the-art manufacturing plant at Humnabad in Karnataka

1 min

Arya.ag crosses Rs 1000 Cr loan disbursal milestone on Aryadhan

Arya.ag, India's leading and highly profitable agritech platform, has achieved a significant milestone by surpassing Rs 1000 crore in loan disbursals in a single year through its fintech platform, Aryadhan

1 min

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Agrospectrum is a B2B digital media platform catering to all sub-sectors and verticals of the agro business – from food grains to inputs, machinery, live-stock, fisheries to agro tourism. It regularly updates on latest news on Agri—business and analytical & informative articles targeted at agro industry and business leadership, key decision makers; R&D, policy makers, academia and farmers’ community leaders. The portal is devoted to agriculture related business and not farming activity. It neither informs nor guides the farmers on direct farming, but handles allied and peripheral areas of agriculture related activity called agriculture business.