No MEIS benefit on guar gum products is impacting its exports
Aamir H Kaki The modest and humble guar gum, a low-value crop grown on marginal land got transformed into one that can generate substantial income for farmers in recent years. The modest seed mostly harvested in the tropical regions of India (Rajasthan, Haryana and Gujarat) and Pakistan, used as a food crop for animals, gained international fame due to its viscosity. The innocuous looking seed/powder transformed into a product that can generate substantial income for processors, manufacturers, traders and farmers. Owing to its usefulness in food, paper, textile and in the gas and oil industries India’s export of guar gum powder, saw a steep increase from a mere $84.7 million in 2001-02 to $3,930 million in 2012-13, becoming the largest agricultural export ...
Indias life sciences industry has potential to become $200 bn industry: FICCI report
The Dollar Business Bureau Union Minister for Health and Family Welfare J P Nadda released the FICCI knowledge paper ‘Indian life sciences: Vision 2030 – Expanding global relevance and driving domestic access’ at the FICCI Life Sciences Conference in the capital today. The theme which centred on ‘Pharma Vision 2030: Building India’s Global Relevance’ was attended by a host of government officials and industry professionals. In his inaugural address, Nadda highlighted that the government was in the process of amending the Drugs and Cosmetics Act to encourage innovation and the entrepreneurial spirit of manufacturers. Speaking on research and development (R&D), he said that Indian pharma companies are spending less than 2% of their total turnover on R&D. “It is time that ...
