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Buyofuel has launched the Buyo Inventory App, designed to enhance inventory management for the biofuel industry, which has long struggled with issues such as stock mismanagement and production inefficiencies. Available for download on major app stores, the app allows biofuel manufacturers, suppliers, and traders to track the real-time inflow of raw materials and outflow of finished products, helping to prevent overstocking and shortages. It also integrates with machinery maintenance schedules to minimize downtime. Kishan Karunakaran, CEO of Buyofuel, emphasized that the app represents a significant advancement for the sector, aiming to streamline operations and improve profitability through its user-friendly interface. This initiative aligns with Buyofuel's commitment to innovation and sustainability, fostering a more efficient ecosystem for biofuel trade and management, ultimately contributing to a greener future. 
Published: Jan 22 2025, 8 ameznews.inA training programme aimed at combating antimicrobial resistance (AMR) in India's fisheries and animal sciences sectors was inaugurated by George Ninan, Director of the ICAR-Central Institute of Fisheries Technology (CIFT). Funded by the Food and Agriculture Organization (FAO) and USAID, the initiative gathered 31 researchers from the Indian Network for Fisheries and Animal Sciences on Antimicrobial Resistance (INFAAR). Participants were trained in the use of the FAO Assessment Tool for Laboratories and Antimicrobial Resistance Surveillance Systems (FAO ATLASS), which is designed to enhance monitoring and response capabilities against AMR. The programme, organized by CIFT's Microbiology, Fermentation, and Biotechnology Division, featured expert guidance from FAO representatives, including Nicolas Keck and Michael Treilles from FAO Rome. This initiative is expected to significantly bolster India's efforts in developing effective containment strategies for AMR in these vital sectors.
Published: Jan 22 2025, 11 ameznews.inNew investment announcements in India surged by 39% year-on-year in the first nine months of FY25, exceeding ₹32 lakh crore, with the power sector leading at 42% of total announcements, according to SBI Research. Infrastructure and manufacturing followed, contributing 23% and 19%, respectively. The report highlights a significant increase in private sector participation, rising from 50% in FY21 to over 70% in 9MFY25. Government investment also saw a notable rise, reaching 4.1% of GDP in FY23, the highest since FY12. The gross block of Indian corporations, representing around 4,500 listed entities, grew from ₹73.94 lakh crore in March 2020 to ₹106.50 lakh crore by March 2024, with an average annual addition of over ₹8 lakh crore. This trend indicates a robust outlook for future investments, bolstered by a substantial capital work in progress of ₹13.63 lakh crore as of March 2024.
Published: Jan 22 2025, 11 ameznews.inAgTech platform DeHaat has announced the all-cash acquisition of AgriCentral, a farm advisory service owned by Olam Agri, significantly expanding its reach to over 12 million smallholder farmers in India. While the financial details of the deal remain undisclosed, DeHaat aims to enhance its digital services and value chain offerings through AgriCentral's established platform, which boasts over 10 million users. Shashank Kumar, DeHaat's Co-founder and CEO, emphasized that the integration will allow for the introduction of value-added services such as precision advisory, mechanization, insurance, and cattle advisory, ultimately improving farmers' livelihoods. Founded in 2018, AgriCentral provides essential tools like real-time crop price data and personalized crop planning, aligning with DeHaat's mission to leverage technology for the benefit of Indian farmers. Ramanarayanan Mahadevan, CEO of Jiva AG PTE, expressed confidence in DeHaat's ability to scale AgriCentral's impact further.
Published: Jan 22 2025, 11 ameznews.inIn a bid to boost cruise tourism in India, the government has introduced a presumptive taxation regime for non-resident cruise ship operators, as outlined in the Finance Act, 2024. This new provision, under Section 44BBC of the Income Tax Act, 1961, allows foreign shipping companies to calculate their tax based on 20% of their total earnings from cruise operations. To qualify, operators must run passenger ships with a capacity exceeding 200 passengers or measuring over 75 meters, primarily for leisure, and must adhere to guidelines set by the Ministry of Tourism or Ministry of Shipping. The initiative aligns with the Cruise Bharat Mission, launched in September 2024, which aims to attract 1 million sea cruise tourists by 2029. Additionally, foreign companies leasing cruise ships will benefit from income tax exemptions until the 2030-31 assessment year, effective from April 1, 2025.
Published: Jan 22 2025, 9 ameznews.inAs the Trump administration's "America First" trade policy raises concerns over potential tariff threats to India, experts advise the Indian government to engage in consultations with the U.S. before considering retaliation. While the policy primarily targets China, it includes provisions for investigating trade deficits with other nations, including India. Analysts suggest that India should monitor developments closely and initiate discussions with U.S. officials to address any trade imbalances. Biswajit Dhar, a distinguished professor, emphasized the importance of a measured response, advocating for consultations first, with retaliation only if necessary. India previously retaliated against U.S. tariffs on steel and aluminum in 2018 by increasing tariffs on 29 American products. With the U.S. being India's largest export market, accounting for $77.51 billion in FY24, any trade actions could significantly impact both economies.
Published: Jan 21 2025, 9 pmeznews.inTea arrivals at upcoming auctions in Coonoor are anticipated to decline during the Pongal festival and subsequent local holidays, attributed to reduced plucking activity in production centres. This seasonal slowdown, coupled with diminished export demand, has led to a drop in tea prices, with the overall market decreasing by ₹1-2 per kg. Despite this, traders noted that blenders provided some support, particularly for whole leaf and plainer varieties, which remained stable. In the latest auction, 14,83,438 kg of leaf tea was offered, achieving an 85% sales rate, while 3,98,032 kg of dust tea saw a 61% sales rate. High-priced CTC leaf teas increased by ₹3-4, while better liquoring sorts fell by ₹1-2. Dust CTC varieties experienced a decline of ₹5-6, with overall demand for dust tea remaining weak.
Published: Jan 21 2025, 9 pmeznews.inUrea sales in India have risen by 6.4% to 300.26 lakh tonnes in the current fiscal year, as the government aims for self-sufficiency in urea by 2025. Overall fertilizer sales increased by 7.3% to 525.92 lakh tonnes, despite a 12.7% decline in Di-ammonium Phosphate (DAP) sales, which fell to 86.23 lakh tonnes. In contrast, Muriate of Potash (MOP) sales surged by 31.6% to 16.78 lakh tonnes. Urea imports dropped significantly by 28.9% to 43.16 lakh tonnes, reflecting the government's efforts to reduce dependency on foreign supplies. The total fertilizer import also decreased by 18.4% to 120.54 lakh tonnes. The government has allocated ₹1,64,000 crore for fertilizer subsidies, with urea subsidies alone reaching ₹98,258.74 crore. A push for nano DAP is planned to further reduce phosphatic fertilizer consumption without compromising crop yields.
Published: Jan 21 2025, 8 pmeznews.inEuropean Commission President Ursula von der Leyen has announced her intention to visit India as part of her first official trip in her new term, aiming to enhance the strategic partnership with the world's largest democracy. This announcement, made during her address at the World Economic Forum in Davos, comes on the heels of US President Donald Trump's "America First Trade Policy," which threatens additional tariffs on trade partners. Von der Leyen emphasized the need for collaboration amid a new era of intense geostrategic competition, where major economies are vying for resources and trade routes. She highlighted the importance of balancing national security with innovation and prosperity, urging cooperation to prevent a detrimental global economic race. This dialogue follows a recent high-level India-EU trade meeting in Brussels, where both sides agreed to accelerate negotiations for a Free Trade Agreement.
Published: Jan 21 2025, 8 pmeznews.inDhanuka Agritech Ltd is expanding its global footprint through a ₹165 crore acquisition of international marketing and distribution rights for two fungicides, Iprovalicarb and Triadineol, from Bayer AG. This strategic move allows Dhanuka access to over 20 countries across Latin America, Europe, the Middle East, Africa, and Asia. The company aims to enhance its position in the agri-input sector by leveraging Bayer's trusted brands alongside its manufacturing capabilities. Executive Director Harsh Dhanuka highlighted the acquisition as a pivotal moment, targeting an EBITDA margin of 12-15% post-integration and projecting revenue generation to begin in India by Q1 FY26. Iprovalicarb, effective against Oomycetes diseases in horticultural crops, and Triadineol, a seed treatment fungicide, are expected to bolster Dhanuka's market presence, particularly in Brazil, where Triadineol holds a 20-25% market share. The company plans to transition Iprovalicarb production to its Dahej facility within 2-3 years.
Published: Jan 21 2025, 8 pm
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