Arjun Indo Agro Oils to open a 50,000 tonnes capacity refinery in Angre Port
Arjun Indo Agro Oils Ltd, the edible-oil making subsidiary of Kolhapur-based Arjun Refineries, will open an edible oil refining and packaging facility at Angre port in Jaigad located in Maharashtra’s Ratnagiri district. It plans to tap into a potential thrown up by the recent Central government ban on import of refined palm oil, targeting top suppliers Indonesia and Malaysia.
Arjun Indo Agro Oils will lease five acres of industrial backup land from the Chowgule Group-promoted Angre Port Pvt Ltd, which runs the Angre port, for 30 years to build the refinery and packaging unit with an investment of ₹30 crore, Santosh Vasant Shinde, the founder and owner of Arjun Indo Agro Oils told BusinessLine.
Vahdam Teas plans $100,000 interest-free loan programme for partner estates
Vahdam Teas has mooted a $100,000 interest-free loan programme to help partner tea estates and the community tide over the crisis the sector is facing at present.
Bala Sarda, founder and Chief Executive of India’s homegrown tea and super foods brand Vahdam, told BusinessLine that the initiative would help provide a much needed breather to tea producers, who are being crippled due to the lockdown imposed to control the spread of the deadly novel coronavirus (Covid-19).
Telangana to regulate crops; to tell farmers what to grow and how much
Perhaps for the first time in the country, the Telangana government is going to tell farmers what crops they should grow and in what extent.
The idea, according to Chief Minister K Chandrashekar Rao, is to make the farmers to produce what the market wants.
Beginning this ‘Vanakalam’ (Kharif) season, the State will regulate the cropping pattern in the State. According to initial plans, farmers will be asked to grow paddy on 50 lakh acres (including the Telangana Sona variety on 10 lakh acres of land), cotton on 50 lakh acres and red gram on 10 lakh acres.