Warning: session_start() [function.session-start]: Cannot send session cookie - headers already sent by (output started at /home/indiab/public_html/include/connDB.php:13) in /home/indiab/public_html/BusinessDetailsPage/2012/businessDetails081212e.php on line 3

Warning: session_start() [function.session-start]: Cannot send session cache limiter - headers already sent (output started at /home/indiab/public_html/include/connDB.php:13) in /home/indiab/public_html/BusinessDetailsPage/2012/businessDetails081212e.php on line 3

Warning: mysql_num_rows(): supplied argument is not a valid MySQL result resource in /home/indiab/public_html/BusinessDetailsPage/2012/businessDetails081212e.php on line 24
\"Seed industry to cross Rs 10K cr mark by 2015\"
Make this your homepage
 
indian news portal IBNS
Business
indian news portal IBNS

"Seed industry to cross Rs 10K cr mark by 2015"

India Blooms News Service




New Delhi, Dec 8 (IBNS) Growing at a compounded annual growth rate (CAGR) of about 15 per cent, the seed industry in India is likely to reach Rs 10,700 crore mark by 2015 from the current level of about Rs 7,000 crore, according to an ASSOCHAM analysis.




Besides, the production levels of seeds in India is also likely to grow from the current level of about 40 million quintals to about 63 million quintals by 2015 according to a sector-specific analysis on ‘The Future of Indian Seed Industry’, by The Associated Chambers of Commerce and Industry of India (ASSOCHAM).

The share of organised sector is just over half of the total seed industry at about Rs 3,250 crore while the unorganised sector accounts for the remaining as the marginal farmers comprise over 60 per cent of land owners in India and hence opt for cheaper seeds considering the cost of quality seeds is relatively higher, according to the ASSOCHAM.

Andhra Pradesh, Bihar, Gujarat, Haryana, Karnataka, Madhya Pradesh, Maharashtra, Punjab, Tamil Nadu, Uttar Pradesh and West Bengal are leading commercial seeds producing states in India.

“Limited availability of agricultural land, diverse use of agricultural crops leading to rising food crop prices, subsidies by the government to use high-yielding varieties to increase productivity and other multiple factors are driving the growth of Indian seed industry as robust seeds with vitality to increase the yield from the limited area under acreage coupled with effective crop management is need of the hour to ensure food security in India,” said D.S. Rawat, secretary general of ASSOCHAM while releasing the chamber’s analysis.

“The seed companies are required to convince farmers to abandon conventional seeds in favour of high-yielding hybrid seeds as the switch can help the farmers get high yields, fetch better prices for their produce and almost triple their income,” said Rawat.

“Besides, public private partnership (PPP) together with a strong regulatory framework and collaborative research are other key measures to ensure smooth growth of the seed industry.”

The global industry for seeds is also likely to cross 71 billion dollar by 2015 from the current level of about 60 billion dollar.

The ASSOCHAM analysis revealed that farmers are gradually shedding the inhibitions about hybrids and shifting to the same as yields from varietal seeds are falling significantly but many are still reluctant as hybrids are not only expensive but also can’t be reused.

Cotton, corn, pearl millets, mustard and rapeseed, rice, sorghum, sunflower and vegetable hybrid seeds are gaining acceptance and this trend is being borne out of the variation in revenue composition of private sector seed companies.

With about 20 per cent share, cotton is the biggest component in the hybrid seed market followed by rice (15 per cent), wheat and vegetables (over 10 per cent each).

While there are a handful of state seed corporations and Seed Farm Corporation of India, engaged in production, distribution and marketing of high volume low value public varieties, there are about 350 private sector producers and distributors and about 300 trading firms.

Seasonality factors and risks arising out of dependence on monsoon are certain key challenges faced by the seed companies which can surely be dealt with through strong research and development and products for both kharif and rabi seasons.

Besides, there is also a need to use proper technology to develop products suiting evolving disease profiles and climatic conditions.

A robust distribution network providing information on seed performance and improvements is required to gain greater acceptability. Besides, a proper inventory must be maintained to meet the future demand and crop-rotation must be done to retain the customers.

Further, the growth of seed industry would depend upon the development and adoption of innovative technologies.

Advanta India, Ganga Kaveri, JK, Mahyco, Monsanto India, Namdhari, Nuziveedu, Pioneer, Proagro, Rasi and Syngenta are certain leading players with major market share in the Indian seeds market.



To Post Your Comment On This Article Click Here
Comments Posted on this news:

There are no comments on this News.

Related Business Video
India Blooms Video FMCG segment getting wider consumer base India Blooms Video Industrialists meet Rangarajan, demand revival package
Technology Video

Samsung Galaxy Camera coming to India by mid-November

'Angry Birds' creators launch new game

Samsung launches new oversized smartphone
More Technology Video »
Automobile Video

Lamborghini Aventador LP700-4

Nissan Evalia Launch

Premier Rio Preview
More Automobile Video »
Related Business News
Srei to roll out WLAs in rural India
Honda inaugurates its 11th zonal office
L&T Construction bags Rs. 2935 cr orders
ICICI Bank, UPSRTC launch Combo Prepaid Card
Hindustan Powerprojects to partner with UP govt
 
More Business
Business Archive >>   



Tags
Odisha   Talcher   NTPC   solar plant   Jakson Group   Kurkure manufacture   PepsiCo India   Kurkure   L&T Construction   rupee   Thailand delegation visits Kolkata   Thailand delegation visits Kolkata   corporate performance   BSE 500   interest rates   Ind-Ra   Reliance Capital Limited   Smart Cash Plus Plan   Reliance Life Insurance   rural India   White Label ATMs   RBI   Srei   Hillshire Brands Company   business process outsourcing   Genpact Limited   Factories Business   Buildings   housing orders   L&T Construction   rupee   AdobeSAP AG   Europe   Information technology   social media platform   Facebook   free Facebook access   Aircel   rupee   GE Healthcare CTSI   Idea musicHUB   Idea Cellular Idea musicHUB   Marico appoints Saugata Gupta as MD   Marico appoints Saugata Gupta as MD   GlacialLight launches surface mounted lights   GlacialLight launches surface mounted lights   WABCO exhibits safety technologies   WABCO exhibits safety technologies   Gujarat NRE Coke receives CDR approval   Gujarat NRE Coke receives CDR approval  
indian news portal IBNS
indian news portal IBNS
indian news portal IBNS
 
About Us  |  Writers  |  Advertise with Us  |  Privacy Policy  |  Terms of Service  |  Contact Us  |  Sitemap   |  Send Feedback
Copyright © 2008 Indiablooms.com. All rights reserved.   Copyright / IP Policy   |  Company Info
Increase Page Rank