Indian Institute of Management Ahmedabad launches agri land price index
The Indian Institute of Management Ahmedabad (IIMA), in collaboration with agri-land marketplace SFarmsIndia has launched IIMA-SFarmsIndia Agri Land Price Index (ISALPI), which will record and present ‘quality controlled’ data of prices of agricultural land across the country.
This index is important in terms of benchmarking land prices in rural and semi-urban areas. In such a case, the index will serve as a reliable source that will signal potential conversion of agricultural land into real estate.
“With just over 200 million hectares, India houses just 2% of the world’s cropped land; but feeds over 15% of the world’s population. Recently, we have witnessed a surge in entrepreneurial interest in Agri land and allied professions,” said Errol D’Souza, Director IIMA.
High in pesticides, many countries send back Indian tea
Both international and domestic buyers have rejected a series of tea consignments due to the presence of pesticides and chemicals beyond permissible limits, Indian Tea Exporters Association (ITEA) chairman Anshuman Kanoria said on Friday. Filling up the vacuum created by crisis-hit Sri Lanka in the global market, Tea Board is eyeing to ramp up exports. However, the rejection of consignments is causing a decline in outward shipments.
All teas sold in the country must conform to the Food Safety and Standards Authority of India (FSSAI) norms. However, most of the buyers are purchasing tea that have unusually high chemical content, Kanoria told PTI.
In 2021, India exported 195.90 million kg tea. The major buyers were Commonwealth of Independent States (CIS) nations and Iran. The board is aiming to achieve 300 million kg tea this year.
India has a realistic chance of achieving USD one billion shipment target, says tea exporters’ body
As the Indian tea industry has a realistic chance to achieve the USD one billion exports target in the next two-three years, it is important to seek the Centre’s help for rationalisation of international MRL laws for the crop, an official of a tea exporters’ body said on Friday.
Indian Tea Exporters’ Association Chairman Anshuman Kanoria said it is also essential that the beverage produced for the overseas market is compliant with the safety regulations of importing countries.
“This is essential to uphold the quality image of Indian tea in international markets and make our tea the preferred one worldwide,” he said.
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