Telangana paddy output up four times in 5 years
January 15, 2021
But, exports less than 1% on high costs, pesticide residues: FTCCI
After becoming a State, Telangana’s paddy production has gone up significantly as it improved irrigation facilities.
Paddy production in the State increased by four times to 1.3 crore tonnes in 2019-20 from 29 lakh tonnes recorded in 2015-16, emerging as a key rice producing State in the country.
The total paddy production in 2020-21 is expected to grow to 2.30 crore tonnes (from 1.30 crore tonnes in 2019-20) as the area under the crop witnessed a huge growth.
However, this has not reflected in export numbers. The exports, however, continued to remain less than 0.5 per cent of India’s total rice exports.
FTCCI seeks more support measures for rice exports
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January 13, 2021 23:56 IST
Govt. urged to buy paddy and auction it to exporters following Taiwan model of implementing MSP
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Unless the price disadvantage is addressed, low procurement of rice by exporters cannot increase, says the FTCCI report.
Govt. urged to buy paddy and auction it to exporters following Taiwan model of implementing MSP
Export of rice from Telangana has a natural disadvantage of connectivity or rather lack of it connectivity of water way compared to several other paddy-growing States in the country and “it’s making a big difference in a bulk commodity business like rice which is a low-margin export,” the Federation of Telangana Chambers of Commerce and Industry has felt.
‘India, Iran preferential trade pace will have huge potential’
January 12, 2021 Mohammad Hossein Bani Asadi, Consul General of Islamic Republic of Iran said, “Iran and India have the potential to cater to each other’s needs provided the businessmen have the exposure to opportunities.”
He hoped that Preferential Trade Agreement between India and Iran will be signed soon. Both the countries have the potential to touch $10 billion trade.
He expressed interest to buy Telangana Sona Rice, according to a FTCCI statement.
On his maiden visit to The Federation of Telangana Chambers of Commerce and Industry (FTCCI), the consul Genereal of Iran offered to start barter trade to facilitate the businessmen and to jack-up the volume of two-way trade.
TS policies impress Japanese investors
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FTCCI pitches for JETRO office in Hyderabad
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FTCCI pitches for JETRO office in Hyderabad
Consul General of Japan in Chennai Taga Masayuki on Friday said Japan was keen on increased collaboration and people-to-people ties in the region.
Addressing a seminar organised by the Federation of Telangana Chambers of Commerce and Industry (FTCCI) and Asa Bhanu Japan Centre, he said this while urging entrepreneurs to explore business opportunities.
Noting that Japan wass keen on expanding presence in Telangana due to investor-friendly policies of the State, the Consul General said some Japanese companies like Toshiba had already successfully invested. Japan was also associated with various infrastructure projects of Telangana such as the Outer Ring Road (ORR) of Hyderabad. The Consulate-General of Japan in Chennai would like to continue to work with FTCCI and Asa Bhanu Japan Centre, to make efforts to promote eco
‘Efforts to rein in fiscal deficit rapidly can impact economic recovery’
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HDFC Bank chief economist Abheek Barua on Friday cautioned that any efforts by the Central and State governments to rein in fiscal deficit rapidly could lead to a massive compression in expenditure there by impacting economic recovery.
Delivering the first OmPrakash Tibrewala Memorial Endowment Lecture on ‘Rebounding Indian economy: way forward’, Mr. Barua called on the industry to use its influence and urge the governments to abjure their obsession with cutting the fiscal deficit sharply. The virtual lecture was organised by the Federation of Telangana Chambers of Commerce and Industry (FTCCI).