Not so long ago, the prospect of a global sugar shortage gave food manufacturers a panic attack. Poor weather conditions hitting crops in the world's two biggest sugar-producing nations, Brazil and India, sent the price of the sweet stuff soaring on international markets. In August last year, US firms such as Kraft Food, General Mills and chocolate-maker Hershey were so worried that they wrote a joint letter to the country's...

ON May 31, when the government announces GDP numbers for 2009-10, for the first time, factories would contribute more to the national income than the country’s farmers, marking a significant shift in the structure of the India economy. That does not, however, diminish the importance of the farm, fisheries and the forest sector because of the disproportionately high percentage of people still engaged in these activities. Neither does it take...

Monsanto licencees have earned over Rs 1,500 crore since 2002. A quiet but determined battle is being fought in the courts, and outside, by US agricultural biotech giant Monsanto, its Indian affiliates and seed lobbyists to free the prices of genetically modified Bt cotton from state government control. At stake is huge business running into several thousand crore of rupees, with royalty alone on the Bt cotton seeds grossing over Rs...

Kerala Food and Civil Supplies Minister C. Divakaran has come out strongly against the suggestion of the Federation of Indian Chambers of Commerce and Industry (FICCI) that the Union government withdraw from grain procurement, storage and distribution under the Public Distribution System (PDS) and outsource these to private operators. FICCI makes the suggestion in a study report, which was released a few days ago. In a statement here on Monday, Mr. Divakaran...

Tamil Nadu has been highly successful in implementing the concept of Industrial Facilitation Council, which helps small units address the problem of payment default by their clients and get back their dues, according to G. Sundaramurthi, Industries Commissioner and Director of Industries and Commerce, Speaking to journalists here on Friday, he said that Tamil Nadu's achievements in implementing this concept were recognised nationally. In a recent meeting of Industry Ministers of...