Search Result for : Production

The Dollar Business Bureau Agriculture Secretary Shobhana K Pattanayak said on Saturday that the foodgrain production in the ongoing kharif season 2017-18 is expected to exceed last year's record output of 138.04 million tonnes on account of higher sowing area and good monsoon.  Till now, more than 80% of the sowing of kharif crops such as pulses, paddy, cotton, oilseeds, jute and sugarcane, has been completed and the sowing will continue in some regions until next month, he told PTI.  Crop area of around 19 lakh hectare across the country has been impacted by floods and farmers are expected to take up other crops in the season once the water goes down, Pattanayak said. He also expressed concerns about poor rainfall in ...

The Dollar Business Bureau Upon receiving a proposal from the Telangana government for setting up Spice Park at Nizamabad, Telangana for turmeric, the Central Government has conveyed that the Spices Board would extend all technical support if land and funds for establishing the Spice Park is provided by the State. The Central Government has also approved the setting up of a Spice Development Agency (SDA) for Telangana with headquarters at Warangal for co-coordinating with the State / Central Agencies implementing programmes for research, production, marketing, quality improvement and export of spices, including chilli and turmeric. The Government implements several programmes for providing assistance to spice farmers, including Chilli and Turmeric farmers, which, on one hand aim at increasing production and ensuring remunerative prices ...

The Dollar Business Bureau  Japan has secured new orders, prompting a 3 month manufacturing high in May supported by stronger increases in output, a survey reported. This is a clear sign that its economy is gaining in momentum in the second quarter of 2017. Japan Manufacturing Purchasing Managers Index rose to 53.1 in May stronger than the readings 52.0 and 52.7 recorded in April. This was the highest level recorded  since February the survey said.  Improvement in operating conditions has been linked to accelerated rises in both manufacturing output and new orders. This has prompted Japanese companies to increase hiring since production increased for the tenth consecutive month. Companies are reported to have said, that growth was supported by a demand both domestically as well ...

The Dollar Business Bureau The apparel exports from India recorded a momentous rise of 31.7% in April this year as compared to same month a year ago. In a statement to the media Apparel Export Promotion Council (AEPC) said “India’s apparel exports registered momentous growth of 31.7% in April 2017 compared to same period last year.” According to the data, the apparel sector has been witnessing a double-digit growth, after the introduction of disbursement of RoSL (Rebate of State Levies) scheme. During March-April, this year, the garment exporters were able to enhance their production capacity by about 30% for achieving such growth and employed around 5% more workers during this same period, the statement said. AEPC Chairman Ashok G Rajani, while attributing this growth to RoSL scheme, said, ...

Sourced from Press Information Bureau The Department of Agriculture, Cooperation and Farmers Welfare has released the Second Advance Estimates of Area and Production of Horticulture Crops for 2016-17. These estimates are based on the information received from different State/UTs in the country. The production of horticulture crops in the country during 2016-17 is estimated to be more than 295 million tonnes which 3.2 % higher as compared to the previous year’s 2015-16 estimates. The area under horticulture crops has increased from 245 lakh ha to 249 lakh ha in 2016-17 recording an increase of 1.9% over previous year.  Fruits production during the current year is estimated to be 93 million tonnes which  2.9% higher than the previous year.  Production of vegetables is estimated to be around 175 million tonnes which  3.5% higher than the ...

By Abin Daya It just might be that things are slowly falling in place for the Indian economy. The Nikkei Purchasing Manager’s Index for Manufacturing and Services has positive news, both in performance and sentiments. What we now need is better capacity utilisation leading to improvement in private investment. A good monsoon this year should create that. Some indication of that is also seen in the performance of the infrastructure industries during the month of March. Performance improved from 1% growth in Feb, to 5% growth in Mar, though it was far from the 9.3% growth achieved a year back. While growth for the full year improved from the previous FY, the fertiliser industry seems to have been badly affected. One topic that ...

The Dollar Business Bureau  India’s manufacturing sector recorded growth consecutively for the fourth month in April, but the rate remained unchanged compared to the previous month, as increase in new orders was balanced by moderate rise in production, according to a survey. The Nikkei Markit India Manufacturing PMI (Purchasing Managers’ Index) — a manufacturing activity indicator — matched with 52.5 reading of March. However, the growth was most evident in order books since October last year and fresh export orders surged for the third straight month when the growth rate eased from March. Recording contraction post-demonetisation, the manufacturing sector witnessed growth for the fourth straight month in April. A reading on PMI above 50 shows expansion, whereas a score below that mark indicates contraction. “Buoyant domestic demand coupled with sustained growth of ...

The National Capital Goods Policy is expected to add production of capital goods more than three times by 2025 and increase exports up to 40% of production The Dollar Business Bureau The move is expected to enhance the exports of Indian made capital goods through a Heavy Industry Export and Market Development Assistance (HIEMDA) scheme   The government has unveiled the National Capital Goods Policy which is expected to add production of capital goods more than three times by 2025 and increase exports from the current 27% of production to 40%, making India a net exporter of capital goods. This was an endeavour by the Indian Govt to drive growth for capital goods sector, as well as stick to its commitment of realizing the ...