by Microfinance Business on January 1, 2010

The Company Of Farmers
They are sons of the soil and they engage in individual pursuits. Yet, there is good reason for farmers to band into a company. A district in Tamil Nadu shows how.
Even as the country reels under a severe drought, in a dry corner of Tamil Nadu, a collective of 166 [...]
by Microfinance Business on October 23, 2009

India’s food processing industry seen at $260-bn in 6-years
With the global economy beginning to perk-up, India’s food processing industry is expected to benefit from this and grow to around$260-billion from the present $200-billion in the next 6-years, an industry expert said.”The food processing industry will grow 30-40 per cent as against the present 15 per [...]
by Microfinance Business on October 12, 2009

Prime Minister Manmohan Singh today regretted that the food processing sector was subject to “multiple levies” and said there is an urgent need to rationalise tax structure to replicate the success of the IT industry globally.
“Though primary agricultural commodities are mostly exempted from taxes, processed foods are subjected to multiple levies. There is an urgent [...]
by Microfinance Business on September 26, 2009

Indian Govt eyes 150% growth in processed food exports in five yrs
The ministry of food processing has set a target of 150 per cent growth in processed food exports in the next five years on rising global demand of Indian food. This will be 5 per cent of the total share in global processed [...]
by Microfinance Business on September 16, 2009

With men gone to the cities for jobs, women in villages are taking charge of agriculture and much more
In Greek mythology, a tribe of women called the Amazons inhabited the island of Themyscira, a world without men. They lived in 1200 B.C. and were immortalised in Homer’s Iliad as the Antianeira — ‘they who fight [...]
by Microfinance Business on September 14, 2009

Food processing ministry plans Rs 1,200-crore Venture Capital fund
The food processing ministry is in talks with banks and financial institutions to set up a venture capital fund. By the beginning of the next financial year the venture capital fund would be set up with a corpus of around Rs 1,000-1,200 crore.
The fund would lend [...]
by Microfinance Business on September 14, 2009

As part of its global wireless reach initiative, Qualcomm has engaged in a pilot project with the Indian Society of Agribusiness Professionals (ISAP) and United Villages Networks to develop and support vBay. vBay is a BREW-enabled mobile classifieds application for rural agri-entrepreneurs who are within reach of United Villages’ existing hubs in the villages [...]
by Microfinance Business on September 3, 2009

“To succeed in India, agribusiness must empower the farmer by making agriculture profitable, not by expropriating him,” says Mr Patnaik.
The country faces dire consequences from this year’s poor monsoon, with the threat of diminished harvests and widespread suffering, but agribusiness has proven that it has the resources to solve the problems of management and investment. [...]
by Microfinance Business on August 26, 2009

The Associated Chamber of Commerce and Industry (Assocham), highest body of the Chambers of Commerce of India (CCI), providing a forum for dialogue between business and government said in its report “Food Processing and Agri Business” that the country is short by 10 million tonnes of cold storage capacity due to which about 30- 40% [...]
by Microfinance Business on August 13, 2009

It costs Rs 6 to reach one rupee to the poor
Chennai: While agricultural technology is scale-neutral, profitability favours those who have the capacity to hold the stocks and sell at high prices, reduce the cost of production and forge market tie-ups, probably in commercial crops. And mainly they contribute to the agricultural growth.
Thus observes Swarna [...]
by Microfinance Business on August 13, 2009

New Delhi: Online job site Monster.com, owned by Monster Worldwide Inc. and ITC Ltd. which owns internet based service chain for farmers, e-Choupal, have together launched a website aimed at rural job market called “Rozgarduniya.com”. The site is currently available in English and Hindi and can be accessed at e-Choupals in 4 states — Madhya [...]
by Microfinance Business on August 9, 2009

HYDERABAD: agriculture and food security continue to be the driving force of the Indian economy. The country’s largest employment sector is still agriculture and the food industry has become a vital factor in the gross domestic product (GDP).
These observations were made by Chief Minister YS Rajasekhara Reddy while interacting with the director of Food and [...]