Category — Agriculture

Amazon India Scales Up Grocery Delivery Operations

Amazon India has started hyperlocal grocery deliveries, including fresh vegetables and fruits from its own stores, in the cities of Bangalore, Delhi-NCR region, Mumbai, and Hyderabad. Two years ago Amazon used to deliver groceries including fresh produce from third party stores such as Hypercity and BigBazaar in under two hours, where it handled the delivery part.

Called ‘Nowstore’, these new stores supply everything from fresh fruits and vegetables to packaged foods, household supplies, baby products, and even appliances and electronics; but they are not open to customer walk-ins, and are known as ‘dark stores’ in industry jargon.

Amazon Logo

January 29, 2018   No Comments

Cargill Develops its Aqua Feed Business in India

Minnesota-based Cargill opened its first feed plant dedicated to fish species in India, enabling fish farmers across the country access to high-quality feed this year. The company has invested more than $10 million  in the plant.

The plant produces fish feed products for carp, tilapia, and other warm water species. Cargill currently sells about 30,000 tons of fish feed a year; the new plant, with a capacity of 90,000 tons annually, enables it to increase its fish feed threefold.

India is an important and fast growing aquaculture market, and we are excited to better serve farmers across Andhra Pradesh, Bengal, Tamil Nadu, and Odisha,” said Chad Gauger, managing director of Cargill aqua nutrition in South Asia. “The new facility positions us to better meet their demand, as the country will soon become the most populous in the world.”

Cargill Logo

January 29, 2018   No Comments

Starbucks Expands Footprint in India

With over 100 stores spread across the metros of Mumbai, Pune, Hyderabad, Chennai, Delhi, and Bangalore over the past five years, Starbucks India, a 50:50 joint venture between India’s Tata Global Beverages and Seattle-based Starbucks Corporation, is planning to add 24 new stores this year. CEO Sumitro Ghosh said, “After we enter Kolkata, [early 2018] we are looking at tier II cities to open new stores and are in the process of evaluating them.”

When asked how much of the coffee served in the stores is sourced from India, Ghosh said, “Roughly, Espresso accounts for over 60 percent of our beverages. Every Americano, Latte, Cappuccino and all of our Frappuccinos are based on the Espresso beverage, which is made from Indian coffee beans sourced from Tata Coffee plantations in Coorg. The Alphonso Frappuccino, introduced in India in 2014, is now offered in Starbucks markets outside India.

Starbucks Coffee signboard

The India Estate blend that is sold in whole bean form over the counter in the company stores in India is also being sold online in the U.S. and other countries. Tata Nullore Estate’s coffee became the first Indian coffee to be roasted and sold at the company’s home city of Seattle in 2016, which was later rolled out across other Starbucks stores in the U.S. A second Indian estate-specific coffee has been selected to be sold in the U.S., and will soon be announced,” said Ghosh.

Coffee is becoming more of a fashion statement among the young and upwardly mobile, and the Chain Coffee Cafe segment has been growing in India with both Indian and International brands joining it: Starbucks, Dunkin Donuts, Cafe Coffee Day, Barista, Costa Coffee, and The Coffee Bean and Tea Leaf. The chain cafe market is estimated to be 36% of the total organized market by 2020, and is projected to grow at a CAGR of 20%.

January 25, 2018   No Comments

Israel’s Netanyahu Hails “New Era” in Ties with India

Benjamin Netanyahu, the first Israeli prime minister to visit India in 15 years, accompanied by his wife Sara on a six-day visit to India, were given a warm welcome by Prime Minister Modi. Driving the growing ties is both leaders’ shared worldview for national-security and free-markets. Both see Israel’s technology-oriented economy as a natural fit for India’s, which needs innovation to improve everything from farming to healthcare.

The Prime Minister, Shri Narendra Modi and the Prime Minister of Israel, Mr. Benjamin Netanyahu during Press Statement, at Metanyahu and Modi at Hyderabad House, in New Delhi on January 15, 2018.

At a press conference in Hyderabad House, New Delhi on January 15, 2018

Netanyahu hailed a “new era” in ties with India as he signed a series of deals on cybersecurity, energy, biotechnology, agriculture, and defense during his first visit. Israel has given initial approval for Indian energy companies to explore oil and gas in the eastern Mediterranean. Bilateral trade has jumped from $200 million in 1992, when the two countries opened diplomatic relations, to $5 billion in 2017.

 

Sara and Netanyahu visited Gandhi’s Sabarmati Ashram in Ahmedabad, Gujarat, where Netanyahu tried his hand at a spinning wheel, a pastime Gandhi made popular while he was jailed during British colonial rule. They also visited the Taj Mahal in Agra, and attended a ceremony to name a square in New Delhi ‘Teen Murti’ in honor of the Indian soldiers who died in the fight to liberate Haifa from the Turks in 1918.

Netanyahu addressed the India-Israel Business Summit organized by the Federation of Indian Chambers of Commerce and Industry in  New Delhi. On his last night in Mumbai, Prime Minister Netanyahu partied with Bollywood bigwigs such as actor Amitabh Bachchan and director Abhishek Kapoor, and pitched Israel as a film destination: Not just because you can see the snow, the beach, the desert, the salty sea and a sweet-water lake within an hour’s drive, he said, but also because Israel has “great technology for businesses and big ideas.”

 

January 19, 2018   No Comments

India Satellites to Help Fisherman Find Catch

With the aim to help fishermen easily locate their catch without wasting time and fuel, India’s Central Marine Fisheries Research Institute and the Space Application Center of the Indian Space Research Organization, both state-owned institutions, have formed a partnership to identify areas in the deep seas where fish can be found in abundance.

This research project, called Samudra (meaning ‘sea’), will develop a satellite-based numerical ocean model that will monitor physical changes in the oceans owing to seasonal and climatic variations, high winds, rain and cyclonic conditions. Physically collected data on fish catch, water quality and biophysical parameters such as pigments, temperature, salinity, nutrients, and productivity will be validated with satellite-derived data, reports the Hindustan Times.

fishing net

The director of the Central Marine Fisheries Research Institute, Dr. A. Gopalakrishnan said, “The seas surrounding the Indian subcontinent contribute an average of 2.5 million tons of seafood. The potential yield of seafood is estimated to be around 3.9 million tons from India’s economic zone exclusively. In this scenario identification, mapping and forecasting of Potential Fishing Zones are very essential.”

November 29, 2017   No Comments