In the earlier part we saw how India went from being self-sufficient & over four decades to become the largest importer of edible oil in the world. In this part we explore various options available for the country to increase its production of oilseeds to reduce its imports of edible oil.
The Honorable Prime Minister of India has set a commendable goal for all of us i.e. to be a self-reliant nation (Atmanirbhar Rashtra). Self-sufficiency in producing our own food to meet the needs of a burgeoning population is an absolute necessity. NCDEX eMarkets Limited (NeML) has always supported the Government Initiatives to support both the Small holder Farmers (SHF) and the needy people who depend on the Government to meet their daily needs. The company does this by leveraging its e-markets and services platform for enhancing the efficiency of the procurement and sales.
NCDEX e-Markets Ltd (NeML), India’s leading Agri-tech company’s Implementation of Mandi Modernization Program (MMP) is a major revolution in the world of primary Agri markets of India. The process of digitization in primary markets in the country started with this first step in Gulbarga APMC, Karnataka way back in 2011. The seed of primary market digitization was first planted by the State Government of Karnataka jointly with the help of NeML (formerly known as NSpot – NCDEX Spot Exchange), under the leadership of Mr. Chandra Mohan (Former Secretary APMC Gulbarga), Mr. Ramaseshan (MD NCDEX) and Mr. Ravindra Shevade (NeML, CTO).
Covid-19 Pandemic in India has led to mass reverse migration of labour from the urban centres to their rural roots. Since announcement of the unavoidable first phase of lock-down on Mar 23 2020, by the honourable Prime Minister of India, the economic activities came to a standstill. Most industrial centres and the states that provided jobs to the rural migrants could not support them anymore. Extension of lock-down after the first phase of 21 days led to un-anticipated hardships for the migrant labourers.
Living within means comes naturally to a Smallholder Farmer (SHF) in India. It is estimated that almost 70% of Indian farmers are SHFs. It is also true that Small Scale Enterprises (SSEs) account for the bulk of industrial production in the country.