Govt exempts quantity limit on export of organic- wheat, non-basmati rice, oils, sugar
The Dollar Business Bureau The government has exempted the existing quantitative ceilings, with immediate effect, on the export of certain organic agricultural and organic processed products such as wheat, non-Basmati rice, edible oils and sugar. “Export of organic agricultural and organic processed products i.e. wheat, non-Basmati rice (excluding rice in husk-paddy or rough), edible oils and sugar have been exempted from existing quantitative ceilings and any existing or future restriction/prohibition on export of their basic product (non-organic),” Directorate General of Foreign Trade (DGFT) said in a notification (No.03/2015-2020) on Wednesday. The yearly quantitative ceiling on the exports of organic pulses and lentils has also been enhanced from existing 10,000 MT to 50,000 MT a year, duly certified by Agricultural & Processed Food Products ...
Dabur to open new plant, invest Rs.500 cr
The Dollar Business Bureau In order to expand its manufacturing prowess, Dabur India Ltd is going to invest around Rs 500 crore this year. This comprises an amount of Rs 250 crore to establish a new manufacturing unit in Assam, for healthcare and personal products. The company said that its board on Thursday approved an investment of Rs 250 crore to set up a manufacturing unit at Tezpur, Assam, in order to meet the increasing demand for its products. The unit is expected to start the operations in 2017. The company will also use a portion of the investment to upgrade the capabilities of its facilities abroad. With 20 manufacturing units, Dabur operates 12 in India and the remaining in countries like Nepal, ...
Indias organic food export defies global slowdown
Deepak Kumar | The Dollar Business Defying the global slowdown in the commodity market, India’s organic food exports have been witnessing continuous growth for the past few years, thanks to increasing number of health conscious consumers across the world. In the financial year 2013-14, the country exported 135 such products weighing 1.94 lakh tonnes. The total annual export worth around $403 million was 7.73% up compared to the previous year’s shipment, according to the government data. India exports organic products mainly to the US, European Union, Australia, Middle East, Canada, and South Africa. “The US continues to be an ideal market for the organic food exports. Europe has restrictions on the organic food products from India. Other countries such as Canada ...
Indias organic agri exports on upswing
Sachin Manawaria | @TheDollarBiz Growing demand for organic products globally and increasing popularity of Indian organic products is helping increase both production within the country and exports of organic products from India. According to the Agriculture and Processed Food Products Export Development Authority (APEDA), India exported 135 organic products in FY2012-13 with a realization of $374 million which is up around 4.38% from the previous year. Soyabean makes for the bulk, accounting for around 41% of India’s organic exports, while sugarcane (26%) and processed food (14%) are other major organic exports from India. India also exports organic basmati rice and tea. Source - APEDA India currently ranks tenth among countries in terms of land cultivable under organic condition, but the organic ...
