Government Promoting Private Investment in Agriculture & Agro Processing Industry
Center has been promoting private investment in agriculture sector via Public Private Partnership through schemes in the areas of Agriculture Marketing, Soil Health Card, Micro Irrigation and so on. Government has circulated a Model Act-Agriculture Produce & Livestock Marketing (Promotion & Facilitation) Act, 2017 and Model Act-Agriculture Produce & Livestock Contract Farming and Services (Promotion & Facilitation) Act, 2018, with the objective to encourage more investment in agriculture. This Ministry has also incorporated a “Framework for Supporting Public Private Partnership for Integrated Agricultural Development (PPPIAD)” under the Rashtriya Krishi Vikas Yojana – Remunerative Approaches for Agriculture & Allied Sector Rejuvenation (RKVYRAFTAAR) in the scheme guidelines to facilitate integrated projects led by private sector players in the agriculture & allied sectors, with a view to aggregating farmers, providing additional income & integrating agriculture supply chain.
Marine exports get quality push as MPEDA sets up new microbiology lab
India’s efforts to take its seafood exports to the next level got a major push with the Marine Products Export Development Authority inaugurating its first state-of-the-art microbiology laboratory here.
Unveiling the laboratory, Union Minister of State for the Ministry of Food Processing Industries, Rameswar Teli, said the new laboratory at MPEDA headquarters would help the seafood sector overcome the stiff competition in the global export market, particularly on the quality front.
MPEDA Chairman KS Srinivas said the laboratory would be used to test all sorts of seafood at various stages, including during production and prior to export, to avoid the presence of any bacteria. “It will ensure that exporters are not faced with rejection of their products by any country on the grounds of sub-standard quality,” he noted.
Sugar production to bounce back soon
India will dominate the world sugar market for next few years as, after taking a hit in the ongoing season due to vagaries of weather, the country’s sugar production is set to bounce back next year by about 15%.
Though the next monsoon season will decide the final size of India’s next sugarcane crop, industry leaders say that at present, India is likely to produce about 30 million tonnes of sugar in 2020-21 as against 26 million tonnes expected in 2019-20.
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