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Business

AgroSpectrum

"India has emerged as a favourable option for countries seeking to reduce their dependency on China"

Safex Chemicals India Limited is a prominent agrochemical company with over 500 employees and a wide network of 10,000 distributors. The company is a leading player in the manufacture and sale of crop protection products across India, operating in 17 states. Over the past five years, Safex has achieved an impressive revenue performance with a Compound Annual Growth Rate CAGR) of more than 25 per cent. Shedding light on the company's future plans and the current status of the agrochemical industry, S K Chaudhary, the Founder and Director of Safex Chemicals, shares his insights in an exclusive interview with AgroSpectrum. Edited excerpts:

2 min |

AgroSpectrum India August 2023

AgroSpectrum

India's Booming Marine Exports

India’s seafood exports hit an all-time high during the fiscal year 2022-23, with a shipment of 17,35,286 metric tonnes MT) of seafood valued at Rs 63,969.14 crore 8.09 billion). Despite challenges in major export markets like the USA, India witnessed significant growth in both volume and value. Frozen shrimp remained the primary export item in terms of quantity and value, while by-products like surimi ranked as the third largest, generating Rs 2,013.66 crore. Fish and seafood exports from India have been steadily increasing in recent years. The market for seafood is expected to continue growing, leading to soaring exports in the coming years.

7 min |

AgroSpectrum India August 2023

AgroSpectrum

APAC Vertical Farming market poised for 43% growth

Recent Technavio market research analysis predicts that the vertical farming market size will increase by 6.49 billion between 2021 and 2026, growing at a compound annual growth rate CAGR) of 16.55 per cent. APAC is expected to contribute 43 per cent of this market's growth during the projected period. Notably, China and India are the two biggest vertical farming markets in APAC, indicating rapid expansion in this region. The rise in population and decreasing availability of arable land over the projected period are driving factors behind the growth of the vertical farming market in APAC. Let's examine how this innovative farming trend is being adopted and implemented across the APAC region.

10 min |

AgroSpectrum India August 2023

AgroSpectrum

VIABILITY of Vertical Farming

The past decade has witnessed an increased dependence on technology and tech-enabled agriculture. The government, too, has been actively promoting the adoption of agri innovations, including AI, ML and monitoring of crops via satellite. With a focus on increasing productivity and providing precise data to cultivators for informed planning, technology has made significant inroads. Vertical farming is one such technological marvel gaining traction worldwide. It is particularly popular in smaller countries facing land constraints and water scarcity. Countries such as Singapore, the Middle East, the UK, and Japan have embraced vertical farming, revolutionising their agriculture. However, in India, while vertical farming has gained some momentum, its adoption remains limited to urban areas, as traditional farming is still the more convenient and profitable choice for rural cultivators. Yet, there is a new crop of startups that are keen to make vertical farming widely accepted by farmers and consumers alike. Let’s explore this further.

9 min |

AgroSpectrum India August 2023

AgroSpectrum

Unified Registration Portal for GOBARdhan launched

Gajendra Singh Shekhawat, the Union Minister for Jal Shakti, has launched the Unified Registration Portal for GOBARdhan.

1 min |