SlideShare ist ein Scribd-Unternehmen logo
1 von 40
Downloaden Sie, um offline zu lesen
AUGUST
Agriculture                           2012




For updated information, please visit www.ibef.org   1
AUGUST
Agriculture                           2012




                                 Contents
                                Advantage India

                                Market overview and trends

                                Growth drivers

                                Success stories: Green Revolution, Rallis India

                                Opportunities

                                Useful information




For updated information, please visit www.ibef.org


                                                                                   2
AUGUST
Agriculture                           2012



Advantage India

                                                                                                                                2011–12E
                                Robust demand                               Attractive opportunities                           Food grain
                    •   A large population is the key driver            •   Increasing demand for                              production:
                        of demand for agricultural products                 agricultural inputs such as hybrid                    250.2
                                                                            seeds and fertilisers                                million
                    •   Rising urban and rural incomes                                                                           tonnes
                        have also aided demand growth                   •   Promising opportunities in
                                                                            storage facilities; potential
                    •   External demand has also been                       storage capacity expansion of 35
                        growing especially from key                         million tonnes under the 11th
                        markets like the Middle East                        Five Year Plan
                                                          Advantage
                                                            India
                        Competitive advantages                                 Policy support
                    •   High proportion of arable land (48       •    Government is increasing Minimum
                        per cent or 157.9 million hectares)           Support Prices (MSPs) to ensure higher
                                                                      crop production

                    •   Leading producer of jute, pulses;
                        second-largest producer of wheat,        •    Launched National Food Security
                                                                      Mission (NFSM) to increase production
  1960–61               paddy, fruits and vegetables
                                                                      of rice, wheat and pulses
 Food grain
 production:
     69.3
   million                                                             Source: Ministry of Agriculture, World Bank, FAOSTAT,
   tonnes                                                              Aranca Research
                                                                       Note: E – Estimate
For updated information, please visit www.ibef.org                                                                    ADVANTAGE INDIA        3
AUGUST
Agriculture                           2012




                                 Contents
                                Advantage India

                                Market overview and trends

                                Growth drivers

                                Success stories: Green Revolution, Rallis India

                                Opportunities

                                Useful information




For updated information, please visit www.ibef.org


                                                                                   4
AUGUST
Agriculture                              2012



Evolution of agriculture in India
                                                                                           2000 onwards



                                                         1980-2000




                                                                                                               • Increase in population and
                          1960-80
                                                                              • Expanding cereal production      strong income growth
                                                                              • Economic reforms                 amplified the demand for
                                                                                introduced; greater              food grains
                                                                                encouragement to exports       • MNC players brought in
                                                                                                                 better technology to the
                                                                              • Surplus of production of
                                                                                                                 market
                                        • Pioneering work of agricultural       agricultural commodities
  1950s                                   scientists and efforts of farmers over domestic demand               • Rise in institutional credit for
                                          led to Green Revolution             • India thus emerged as a net      agriculture
                                        • High Yield Variety (HYV) of           exporter of agricultural       • Government launched NFSM
                                          seeds, increased use of               products                         to increase production of rice,
                                          fertilizers and irrigation resulted                                    wheat and pulses
          • Stagnation in agriculture
                                          in a significant spike in
          • Low growth in crop and
                                          production
            grain production (0.4
            and 0.1 per cent p.a.)      • Attained food security and
                                          reduced import of food grains
          • Food grain production
            of 59.2 mt in 1952–53,                                                               Source: RBI, Ministry of Agriculture, Aranca Research
            with a yield of 579.8                                                                     Notes: NFSM - National Food Security Mission,
            kg/ha                                                                MNC - Multi National Company, mt - metric tonne, p.a. – per annum

For updated information, please visit www.ibef.org                                                            MARKET OVERVIEW AND TRENDS                 5
AUGUST
Agriculture                        2012



Growth in agriculture … (1/2)


                                                                   GDP by value added – size of agriculture and allied activities
→   GDP of agriculture and allied sectors in India reached
                                                                                          (USD billion)
    USD 147.7 billion in FY11
                                                                                                                       147.7
→   According to the Central Statistical Organisation
    (CSO), the agriculture sector is estimated to have                                                   138.0
    grown by 2.5 per cent in FY12                                                    136.5    136.6


→   Agriculture is the primary source of livelihood for                  129.0
    about 58 per cent of India’s population

                              Note: GDP – Gross Domestic Product



                                                                         FY07       FY08      FY09        FY10         FY11


                                                                                                 Source: Ministry of Agriculture,
                                                                                                                 Aranca Research




For updated information, please visit www.ibef.org                                              MARKET OVERVIEW AND TRENDS          6
AUGUST
Agriculture                              2012



Growth in agriculture … (2/2)



→   At USD29.6 billion, agriculture accounted for 7.1 per                Gross Capital Formation in agriculture and allied activities
    cent of total Gross Capital Formation in FY11                                              (USD billion)


→   Under the FY13 Union Budget, planned outlay for                                                                            29.6
    various schemes under the Dept of Agriculture and                                               26.5         27.3
    Cooperation (DAC) has been fixed at USD 4.2 billion
                                                                                         22.0
                                                                              19.2
→   Allocation to the Rashtriya Krishi Vikas Yojana (RKV Y)
    in the FY13 budget has been increased to USD 1.9
    billion, a rise of about 19 per cent from the previous
    financial year

        Note: RKVY is a central government scheme providing funds to
                             state governments to spend on agriculture
                                                                              FY07       FY08       FY09         FY10         FY11


                                                                                                       Source: Ministry of Agriculture,
                                                                                                                     Aranca Research




For updated information, please visit www.ibef.org                                                  MARKET OVERVIEW AND TRENDS            7
AUGUST
Agriculture                       2012



Major seasons: Kharif and Rabi … (1/2)



→   There are two major agricultural seasons in India –    Production of food grains (million tonnes) in
    Kharif and Rabi                                                 Kharif and Rabi seasons

→   Kharif season lasts from April to September
    (summer); rice (paddy) is the season’s main crop

                                                                                                123.6      122.0
→   Rabi season lasts from October to March (winter);     109.8     116.3
                                                                               114.2
    wheat is the season’s main crop

                                                          121.0     118.1                       121.1      128.4
                                                                               104.0


                                                          FY08      FY09       FY10             FY11       FY12E

                                                                            Kharif       Rabi

                                                                                     Source: Ministry of Agriculture,
                                                                                             Aranca Research
                                                                            Note: E– Second advance estimates




For updated information, please visit www.ibef.org                              MARKET OVERVIEW AND TRENDS              8
AUGUST
Agriculture                         2012



Major seasons: Kharif and Rabi … (2/2)



                                             Area sown in FY10 (lakh hectares)

                           Rabi                                                    Kharif


                     10.8    12.7
                                                     Wheat
                                                                                  71.0                                   Paddy
                    44.9                                                   85.2
                                                     Pulses
                                                                                                                         Oilseeds
                                                                                                  335.3
           87.3                                      Oil seeds                                                           Pulses
                                                                       100.1
                                    279.1
                                                     Jowar                                                               Cotton

                                                     Maize               105.3                                           Bajra

                  136.9                                                                  174.4                           Maize
                                                     Rice


                                                                                                  Source: Ministry of Agriculture,
                                                                                                                Aranca Research




For updated information, please visit www.ibef.org                                               MARKET OVERVIEW AND TRENDS          9
AUGUST
Agriculture                          2012


Exports of Indian agricultural products
… (1/2)


→   India is among the 15 leading exporters of agricultural              Agricultural exports from India (USD billion)
    products in the world; the country accounted for 1.7
    per cent of global agricultural trade in 2010
                                                                                             CAGR                      25.0
→   Total agricultural exports from India expanded at a                                      17.8%
    CAGR of 17.8 per cent (to USD 25.0 billion) over FY07-                                                18.6
    11(P)                                                                         16.5        17.9

                                                                        13.0
                           Note: P – Provisional estimate (for FY11);
                           CAGR – Compound annual growth rate




                                                                        FY07      FY08        FY09         FY10        FY11P


                                                                                    Source: Ministry of Agriculture, World Trade
                                                                                                Organisation, Aranca Research




For updated information, please visit www.ibef.org                                            MARKET OVERVIEW AND TRENDS           10
AUGUST
Agriculture                       2012


Exports of Indian agricultural products
… (2/2)


→   India exported cotton worth USD2.7 billion in FY1  1(P)         Key agricultural and allied sector exports from India in FY11(P)
    accounting for nearly 11% of total agricultural exports                                   (USD billion)

                                                                      3.0   2.7
→   Oil meals and rice were the next largest export items                         2.3
    in terms of value; each accounted for about 9% of                 2.5
                                                                                        2.3
    total agricultural exports in FY11(P)                                                     1.8
                                                                      2.0
                                                                                                    1.6    1.6
→   As part of a conscious strategy, the government                   1.5
    monitors the flow of exports of agricultural products
                                                                      1.0
    depending on domestic demand and availability                                                                0.7    0.7
                                                                                                                               0.5    0.5
                                                                      0.5

                                   Note: P – Provisional Estimate     0.0




                                                                                                            Source: Ministry of Agriculture,
                                                                                                                         Aranca Research
                                                                                                              *includes meat preparations;
                                                                                              **includes products made from paper/ wood




For updated information, please visit www.ibef.org                                                   MARKET OVERVIEW AND TRENDS                11
AUGUST
Agriculture                            2012


Key agricultural states and their
contributions
      Punjab and Haryana were the key
        states of green revolution and
      continue to be large producers of
                  food grains                       Uttar Pradesh - largest
                                                      producer of wheat
                                                     14.34 million tonnes


                                                                                      Assam is India’s largest
                                                                                         producer of tea
      Gujarat - largest
     producer of cotton
     7.99 million bales




                                                                       West Bengal - largest
                                                                         producer of rice
                 Karnataka - largest                                   14.34 million tonnes
                 producer of maize
                 3.01 million tonnes

                                                Madhya Pradesh - largest
                                                  producer of pulses
                                                  4.30 million tonnes


                                                                      Source: Department of Agriculture & Cooperation;
                                                                                         Note: All figures as of 2009-10


                                                                                                                    12
AUGUST
Agriculture                           2012




                                 Contents
                                Advantage India

                                Market overview and trends

                                Growth drivers

                                Success stories: Green Revolution, Rallis India

                                Opportunities

                                Useful information




For updated information, please visit www.ibef.org


                                                                                   13
AUGUST
Agriculture                           2012



Growth drivers of Indian agriculture

                                                                       •   Population and income
                                                                           growth


                                                         Demand-side
                                                           drivers




                                                           Growth
                                                           drivers


                                                                                                 •   Institutional credit
•    Hybrid and genetically           Supply-side
                                                                           Policy support
     modified seeds                     drivers                                                  •   Increasing MSPs

•    Mechanisation                                                                               •   Favourable policies

•    Irrigational facilities


                                                                                    Notes: MSP – Minimum Support Price


    For updated information, please visit www.ibef.org                                                           GROWTH DRIVERS   14
AUGUST
Agriculture                       2012


A large population ensures high demand
for agricultural products


→   India, the second-most populated country in the                       Population of India (million)
    world, has to meet food consumption needs of around     1400
    1,210 million people                                                                                     1,210
                                                            1200
                                                                                                  1,029
→   This is a key demand driver of agricultural growth in   1000
    the country                                                                         846
                                                            800
                                                                              683
                                                                   548
                                                            600

                                                            400

                                                            200

                                                              0
                                                                   FY71      FY81      FY91       FY01        FY11

                                                                                         Source: Census of India 2011,
                                                                                                    Aranca Research




For updated information, please visit www.ibef.org                                                    GROWTH DRIVERS     15
AUGUST
Agriculture                       2012


Income growth also driving agriculture
demand


→   Domestic demand for agricultural and allied products             Per capita income at factor cost (USD)
    has not only been rising due to rising population, but
                                                             1,200
    also as a result of greater consumption by a wealthier                             CAGR                     1,111
    population                                                                         14.3%         961
                                                             1,000
                                                                                         849
→   Over FY07-1 India’s per capita income increased at a
               1,                                             800             746
    CAGR of 14.3 per cent (to USD1,1 1)
                                    1                                650
                                                              600
→   Indian agriculture has also benefitted from rising
                                                              400
    external demand and the sector’s wider participation
    in the global economy
                                                              200

                                                                0
                                                                     FY07     FY08       FY09        FY10       FY11


                                                                                 Source: Central Statistical Organisation,
                                                                                                        Aranca Research




For updated information, please visit www.ibef.org                                                      GROWTH DRIVERS       16
AUGUST
Agriculture                        2012



Growing area under irrigation … (1/2)



→   India’s irrigation potential has steadily increased over          Area under irrigation (million hectares)
    the years; as of March 2010 it stood at 108.2 million
    hectares compared to 81.1 million hectares in FY92                                                                    86.4
                                                                                                            76.6
→   In FY1  1, aided by central government funding,
                                                                                              63.2                               63.3
    individual states generated additional irrigation                                                              55.1
                                                                                49.8
    potential of 0.6 million hectares under the Accelerated                                          48.0
    Irrigation Benefit Programme (AIBP)                        38.2                    38.7
                                                                      31.1




                                                                 FY71             FY81          FY91          FY01           FY10P

                                                                             Gross irrigated area       Net irrigated area


                                                                                                       Source: Ministry of Agriculture,
                                                                                                                      Aranca Research
                                                                                                        Note: P is Provisional Estimate




For updated information, please visit www.ibef.org                                                                   GROWTH DRIVERS       17
AUGUST
Agriculture                       2012



Growing area under irrigation … (2/2)



→   Gross irrigated area under food grains is estimated to   Gross irrigated area under food grains (‘000 hectares)
    have grown to 58.6 million hectares in FY10(P)
                                                                                                              58,641
→   Of the wide variety of crops in India, rice and wheat                                        53,609
    are the most irrigated                                                           44,866
                                                                          37,851
→   With growing investments in irrigation, the                30,117
    dependence on monsoons has declined considerably
    over the years




                                                                FY71       FY81       FY91        FY01         FY10P


                                                                                          Source: Ministry of Agriculture,
                                                                                                       Aranca Research
                                                                                                    Note: P is Provisional




For updated information, please visit www.ibef.org                                                    GROWTH DRIVERS         18
AUGUST
Agriculture                            2012


Increasing mechanisation of farming
… (1/2)


→   Mechanisation helps in raising farm income by                                         Number of tractors sold
    increasing productivity and limiting post-harvest
    losses
                                                                                                 CAGR               545,109
→   Growing sales of tractors and tillers in India reflect the                                   11.5%
    increasing level of mechanisation in farming; over                                                                        419,270
                                                                                                          393,836
    FY07-1 tractor sales rose at a CAGR of 1 per cent
          1,                                   1.5
                                                                              352,835 346,501   342,836

→   India is the largest manufacturer of tractors in the
    world, accounting for about one-third of global
    production*
                           Source: ‘State of Indian Agriculture 2011-12’ by
                         the Dept of Agriculture and Cooperation (DAC)
                                                                               FY07    FY08      FY09      FY10      FY11     Apr - Dec
                                                                                                                                2011

                                                                                      Source: Department of Agriculture and Cooperation,
                                                                                                                       Aranca Research




For updated information, please visit www.ibef.org                                                                    GROWTH DRIVERS       19
AUGUST
Agriculture                           2012


Increasing mechanisation of farming
… (2/2)


→   Sale of tillers increased at a CAGR of 22 per cent over                            Number of tillers sold
    FY07-11
                                                                                           CAGR                 55,000
                                                                                           22 %
→   The government has set up a number of Farm
    Machinery Training and Testing Institutes to train                                               38,794               39,900
    farmers on the operation and maintenance of                                            35,294
                                                                                26,135
    agricultural equipment
                                                                       24,791

→   DAC proposes to initiate National Mission on
    Agricultural Mechanisation (NMAM) to spread the
    benefits of mechanisation among all levels of farmers
    especially small and marginal ones                                 FY07     FY08        FY09      FY10       FY11    Apr - Dec
                                                                                                                           2011
                    Notes: DAC– Dept. of Agriculture and Cooperation
                                                                                   Source: Department of Agriculture and Cooperation,
                                                                                                                    Aranca Research




For updated information, please visit www.ibef.org                                                                 GROWTH DRIVERS       20
AUGUST
Agriculture                       2012


Improved yield and resistance from
hybrid seeds … (1/2)


→   The size of India’s seed industry was about USD1.6            Production of seeds (‘000 tonnes)
    billion (estimate) in FY10
                                                         200                                                           3500
                                                                                                                       3000
→   There has been strong growth in the use of hybrid    150                                                           2500
    seeds due to their high yield and resistance
                                                                                                                       2000
                                                         100
→   Usage of hybrid seeds has been more prevalent in                                                                   1500
    cash crops than food crops                            50                                                           1000
                                                                                                                       500
                                                           0                                                           0
                                                               FY07       FY08        FY09        FY10       FY11P
                                                                      Breeder seed production ('000 tonnes)
                                                                      Foundation seed production ('000 tonnes)
                                                                      Certified seed production('000 tonnes) ( RHS)

                                                                       Source: Ministry of Agriculture, Aranca Research
                                                                                                P – Provisional Estimate




For updated information, please visit www.ibef.org                                                       GROWTH DRIVERS       21
AUGUST
Agriculture                       2012


Improved yield and resistance from
hybrid seeds … (2/2)


→   Usage of hybrid seeds has boosted the yield of food                   Food grain yields (kg/hectare)
    grains to an estimated 1,757 kg/hectare in FY12 from
    1,023 kg/hectare in FY81
                                                                                                      1,921
→   The government has been playing a proactive role in                                                            1,757
                                                                                         1,626
    promoting greater use of hybrid seeds; it encourages                     1,380
    private seed companies by providing a subsidy of 25
    per cent of the capital cost subject to a maximum of        1,023
    USD50,000 per unit




                                                                 FY81        FY91         FY01        FY11E       FY12E*


                                                                            Source: Ministry of Agriculture, Aranca Research
                                                           Note: E – Fourth advance estimates, E* - First advance estimates




For updated information, please visit www.ibef.org                                                        GROWTH DRIVERS       22
AUGUST
Agriculture                        2012


Institutional credit to agriculture on a
rise … (1/2)


→   Institutional credit to the agriculture sector increased          Institutional credit to agriculture (USD billion)
    at a CAGR of 18.1 per cent during FY07–1   1
                                                                                                                          69.3
→   Farmers are allowed to avail crop loans at an interest                                                   59.5
    of 7 per cent
                                                                                            47.7

→   In FY12, the government increased the interest                                37.7
                                                               34.7                                                                    30.4
    subvention for timely repayment of crop loans to 3 per
    cent from 2 per cent in FY11                                                                                             14.6
                                                                                     10.1        9.6            13.2                      10.4
                                                                      8.9                5.3           5.6          7.3          9.2          5.7
                                                                            4.3

                                                                 FY07               FY08        FY09           FY10         FY11        1H FY12

                                                               Commercial Banks                Cooperative Banks           Regional Rural Banks

                                                                                         Source: Ministry of Agriculture, Aranca Research




For updated information, please visit www.ibef.org                                                                           GROWTH DRIVERS         23
AUGUST
Agriculture                       2012


Institutional credit to agriculture on a
rise … (2/2)


→   Domestic banks (both private and public) are                     Share of institutional credit to agriculture
    stipulated to provide almost one-fifth (18 per cent) of
    their net bank credit to agriculture
                                                                                                                     74.5%

→   Banks are issuing Kisan Credit Card (KCC) to farmers
                                                                                                           52.6%
    to provide timely and adequate credit support; by the
    end of Oct, 201 107.8 million KCCs were issued to
                     1,                                        39.2%
    eligible farmers
                                                                        15.7%
                                                                                      8.0%     9.8%


                                                              Co-operative Banks   Regional Rural Banks   Commercial Banks

                                                                                        FY01    FY11

                                                                  Source: Annual report on Agriculture 2010-11, Aranca Research




For updated information, please visit www.ibef.org                                                          GROWTH DRIVERS        24
AUGUST
Agriculture                        2012



Rising MSPs incentivise farming … (1/2)



→   The Indian government increases MSPs regularly to                     MSP of rice (USD per quintal)
    incentivise farmers to enhance production of crops
    and ensure there is adequate supply                                                                         22.5
                                                                                                   20.8
                                                                          18.8         19.8
→   The MSP for rice was raised by 8.2 per cent to
                                                                   15.5
    USD22.5 per quintal in FY12 from USD20.8 per quintal
    in FY11

                              Note: MSP is Minimum Support Price




                                                                   FY08   FY09        FY10         FY11         FY12


                                                                          Source: Ministry of Agriculture, Aranca Research




For updated information, please visit www.ibef.org                                                        GROWTH DRIVERS     25
AUGUST
Agriculture                       2012



Rising MSPs incentivise farming … (2/2)



→   Government has increased the MSP of pulses                    MSP of arhar (USD per quintal)
    significantly in the past three years to encourage                                                      66.7
    production and thereby reduce the supply shortage                                           62.5


→   MSP for arhar increased more than 100 per cent to                              47.9
    USD66.7 per quintal in FY12 from USD32.3 per quintal               41.7
    in FY08
                                                           32.3




                                                           FY08        FY09        FY10        FY11         FY12


                                                                      Source: Ministry of Agriculture, Aranca Research




For updated information, please visit www.ibef.org                                               GROWTH DRIVERS          26
AUGUST
Agriculture                       2012


Favourable policies are supporting the
sector growth … (1/2)

                                       • National Food Security Mission was launched in FY08 with an outlay of USD1.2
       National Food Security            billion during the 11th Five year plan
          Mission (NFSM)               • It aims at enhancing the production of rice, wheat and pulses by 10 million
                                         tonnes, 8 million tonnes and 2 million tonnes by FY12



                                       • Rajiv Krishi Vikas Yojana was launched in FY08 with an outlay of USD5.3 billion
      Rajiv Krishi Vikas Yojana          during the 11th Five year plan .
                (RKVY)                 • RKVY aims at incentivising states to increase outlays for agriculture and allied
                                         activities there by creating an increased focus on agriculture



                                       • 100 per cent Foreign Direct Investment (FDI) is allowed under automatic route in
           Foreign Direct                storage and ware housing including cold storages
          Investment (FDI)             • FDI policy for agriculture was amended to allow 100 per cent FDI under
                                         automatic route for development of seeds


                                                                Source: Ministry of Agriculture, Union Budget 2011-12, Aranca Research




For updated information, please visit www.ibef.org                                                                   GROWTH DRIVERS      27
AUGUST
Agriculture                        2012


Favourable policies are supporting the
sector growth … (2/2)

                                       • Government has launched an initiative to spend USD 65.1 million to promote
           Pulses villages               60,000 ‘pulses villages’ in rain fed areas for increasing crop productivity and
                                         strengthening market linkages



                                       • Realising that scientific and technical breakthroughs are critical to increasing
      Incentivising agricultural         agricultural productivity, the government in its FY13 budget has allocated
              research                   USD41.7 million to incentivise research with rewards for institutions as well as
                                         research teams


                                       • The government plans to set up a Regional Rural Bank Credit Refinance Fund
                                         with a capital of USD2.1 billion to enhance the capacity of RRBs to disburse short
       RRB Credit Refinance
                                         term crop loans to small and marginal farmers
              Fund
                                       • In its budget for FY13, the government raised the target for agricultural credit by
                                         USD20.8 billion to USD119.8 billion


                                                                 Source: Ministry of Agriculture, Union Budget 2011-12, Aranca Research
                                                                                                      Note: RRB – Regional Rural Bank




For updated information, please visit www.ibef.org                                                                  GROWTH DRIVERS        28
AUGUST
Agriculture                           2012




                                 Contents
                                Advantage India

                                Market overview and trends

                                Growth drivers

                                Success stories: Green revolution, Rallis India

                                Opportunities

                                Useful information




For updated information, please visit www.ibef.org


                                                                                   29
AUGUST
Agriculture                          2012


Green Revolution: India becomes self-
sufficient in food grains
 →   The Green Revolution started around 1965 in India, especially in the states of Haryana and Punjab, to increase the
     production of food grains

 →   The movement helped the country to reduce imports and become self-sufficient in food grains

 →   Food grain production more than doubled to 150.4 million tonnes in FY86 from 72.4 million tonnes in FY66

 →   Agricultural infrastructure improved during this period with dependence on monsoons going down due to better
     irrigation facilities
                         Double
                                                                       Food grain production (million tonnes)
                        cropping
                         existing                                                                                      150.4
                       farm land                                                                          129.6
                                                                                              121.0
                                                                                 108.4

      Continued                                                     72.4
                                            High
      expansion          Green
                                          yielding
      of farming       Revolution
                                           seeds
         area




                         Use of
                       pesticides                                   FY66          FY71        FY76         FY81        FY86
                          and
                       fertilisers                                         Source: Handbook of Indian Statistics, Aranca Research

For updated information, please visit www.ibef.org                         SUCCESS STORIES: GREEN REVOLUTION, RALLIS INDIA          30
AUGUST
Agriculture                               2012


Rallis India: Leading player in
agricultural inputs … (1/2)

                                                              Salient characteristics
   •   Rallis is a leading player in the agricultural inputs business and the largest player in agri chemical business
   •   Crop protection is the major segment for the company and it plans to expand its presence in seeds and PGN
   •   As part of the above mentioned plans, Rallis acquired a research-led seeds company ‘Metahelix’ and launched a PGN product in the
       name of ‘Ralligold’
   •   Rallis India has set up Rallis Farm Management services to undertake contract farming
   •   Rallis Research centre has won the prestigious New Millennium Indian Technological Leadership Initiative award for a molecule
       discovery


                                                          Major business segments



                                               Crop protection                Agri services

                                                                    Rallis

                                               Contract farming              Seeds and PGN



                                                                  Note: PGN - Plant Growth Nutrients


For updated information, please visit www.ibef.org                                       SUCCESS STORIES: GREEN REVOLUTION, RALLIS INDIA   31
AUGUST
Agriculture                        2012


Rallis India: Leading player in
agricultural inputs … (2/2)


                      Net sales (USD million)                       Profit before taxes (USD million)


                                                     259.4                                      38.4
                                          222.0                                      31.8
                                183.1                        30.5                                          31.1
                      174.3
            140.5                                                         22.3




             FY08     FY09      FY10       FY11      FY12    FY08         FY09       FY10       FY11       FY12


                                                                            Source: Company website, Aranca Research




For updated information, please visit www.ibef.org             SUCCESS STORIES: GREEN REVOLUTION, RALLIS INDIA         32
AUGUST
Agriculture                           2012




                                 Contents
                                Advantage India

                                Market overview and trends

                                Growth drivers

                                Success stories: Green Revolution, Rallis India

                                Opportunities

                                Useful information




For updated information, please visit www.ibef.org


                                                                                   33
AUGUST
Agriculture                             2012



Opportunities


         Farm management services                    Agricultural inputs                            Logistics



        • New agri business, which              • Limited arable land                   • The 11th Five Year Plan
           provides inputs such as                against growing                          estimated a potential
           seeds, fertilisers along with          population makes                         storage capacity expansion
           providing advice and                   agricultural inputs crucial              of 35 million tonnes
           training farmers on latest
           agricultural practices               • Huge opportunity exists               • Cold storage capacity needs
                                                  for agri input segments                  to grow rapidly from the
        • It introduces efficiencies              like seeds and plant                     current level of 24 million
           into the whole gamut of                growth nutrients                         tonnes
           agri practices
                                                • In India, commercial seeds            • Private warehouse
        • Provides assistance to sell             only account for minor                   operators are supported by
           products at appropriate                percentage (25 per cent)                 multiple income streams,
           prices                                 and huge demand is                       subsidy and available of
                                                  expected for quality                     credit
                                                  branded seeds

                                                                                Source: Rallis Annual Report, FCI, Aranca research
                                                                                             Note: FCI - Food corporation of India

For updated information, please visit www.ibef.org                                                                  OPPORTUNITIES    34
AUGUST
  Agriculture                           2012


Initiatives that will further prop up the
sector

       FDI in multi –                                         National Food
        brand retail                                           Security Bill

                 • The government’s plan to allow up
                    to 51 per cent FDI in multi-brand                  • Under the proposed National Food
                    retail (which is under discussion)                    Security Bill, government
                    will positively influence agriculture                 guarantees beneficiaries a
                    and enable its modernisation even                     prescribed quantity of food grains
                    further                                               at heavily-discounted prices

                 • Foreign investors are likely to bring               • To meet the demand that could
                    in efficiencies, especially in food                   emanate from implementation of
                    supply chains; they are likely to                     the bill, the government will take
                    invest in logistics such as                           measures to raise productivity
                    warehouses and cold storages
                                                                       • The government is likely to invest
                 • Direct procurement from farmers                        more on the storage infrastructure,
                    will likely result in higher prices for               which will reduce wastage and
                    the farmer and lower ones for the                     thereby lead to lower prices
                    consumer



  For updated information, please visit www.ibef.org                                            OPPORTUNITIES   35
AUGUST
Agriculture                           2012




                                 Contents
                                Advantage India

                                Market overview and trends

                                Growth drivers

                                Success stories: Green Revolution, Rallis India

                                Opportunities

                                Useful information




For updated information, please visit www.ibef.org


                                                                                   36
AUGUST
Agriculture                         2012



Industry Associations … (1/2)

Autonomous Bodies
• National Institute of Agricultural Extension Management
  Rajendranagar, Hyderabad–500 030, Andhra Pradesh
  Phone: 040-24016702 to 706
  Fax: 040-24015388

•   National Institute of Agricultural Marketing (NIAM)
     Bambala, Kota Road
     Jaipur–302033, Rajasthan
     Phone: 0141-2770027
     Fax: 0141-2771938, 2770027

Boards
• Central Insecticides Board and Registration Committee
  Machinary Store Building,
  N.H.IV Faridabad
  Phone: 0129 -2413002

•   Coconut Development Board
    Kera Bhavan, SRVHS Road, Kochi
    Kerala–682011
    Phone: 0484-2376265, 2377267, 2376553
    Fax: 0484-2377902
For updated information, please visit www.ibef.org          USEFUL INFORMATION   37
AUGUST
Agriculture                           2012



Industry Associations … (2/2)

 •   National Dairy Development Board (NDDB)
     PB No 40, Anand–388 001
     Phone: 02692-260148/260149/260160
     Fax: 02692-260157

 •   National Horticulture Board (NHB)
     Ministry of Agriculture, Government of India
     85, Institutional Area, Sector-18
     Gurgaon–122015, Haryana

 •   National Oilseeds and Vegetable Oils Development Board
     (NOVOD)
      86, Institutional Area, Sector-18
      Gurgaon–122015, Haryana

 Councils
 • Indian Council of Agricultural Research (ICAR)
   Krishi Bhavan, New Delhi 110 114
   Phone: 91-11-25846010




For updated information, please visit www.ibef.org            USEFUL INFORMATION   38
AUGUST
Agriculture                           2012



Glossary

→   AIBP: Accelerated Irrigation Benefit Programme

→   Breeder seeds : Seeds move from germplasm ( research) stage to breeder stage
→   CAGR: Compound annual growth rate

→   Certified/quality seeds : Foundation seeds are further multiplied to get certified seeds, which are sold to farmers

→   FMTTI : Farm Machinery Training and Testing Institutes

→   Foundation seeds : Breeder seeds are multiplied as foundation seeds

→   FY: Indian financial year (April to March)– FY12 implies April 2011 to March 2012

→   KCC: Kisan Credit card

→   MSP : Minimum Support Prices

→   NFSM : National Food security mission

→   NMAM: National Mission on Agricultural Mechanisation

→   PGN : Plant Growth Nutrients
→   RKVY : Rashtriya Krushi Vikas Yojana is a central government scheme providing funds to state governments to spend on
    agriculture

→   USD: US Dollar– Conversion rate used: USD 1 = INR 48

→   Wherever applicable, numbers have been rounded off to the nearest whole number

For updated information, please visit www.ibef.org                                                           USEFUL INFORMATION   39
AUGUST
Agriculture                        2012



Disclaimer


  India Brand Equity Foundation (IBEF) engaged Aranca to        presentation to ensure that the information is accurate to
  prepare this presentation and the same has been               the best of Aranca and IBEF’s knowledge and belief, the
  prepared by Aranca in consultation with IBEF.                 content is not to be construed in any manner whatsoever
                                                                as a substitute for professional advice.
  All rights reserved. All copyright in this presentation and
  related works is solely and exclusively owned by IBEF.        Aranca and IBEF neither recommend nor endorse any
  The same may not be reproduced, wholly or in part in          specific products or services that may have been
  any material form (including photocopying or storing it in    mentioned in this presentation and nor do they assume
  any medium by electronic means and whether or not             any liability or responsibility for the outcome of decisions
  transiently or incidentally to some other use of this         taken as a result of any reliance placed on this
  presentation), modified or in any manner communicated         presentation.
  to any third party except with the written approval of
  IBEF.                                                         Neither Aranca nor IBEF shall be liable for any direct or
                                                                indirect damages that may arise due to any act or
  This presentation is for information purposes only. While     omission on the part of the user due to any reliance
  due care has been taken during the compilation of this        placed or guidance taken from any portion of this
                                                                presentation.




For updated information, please visit www.ibef.org                                                            DISCLAIMER   40

Weitere ähnliche Inhalte

Was ist angesagt?

Reforms and Indian Agriculture
Reforms and Indian AgricultureReforms and Indian Agriculture
Reforms and Indian AgricultureAnuj Gupta
 
Role of govt in agricultural marketing
Role of govt in agricultural marketingRole of govt in agricultural marketing
Role of govt in agricultural marketingKIRTIGAUTAM11
 
Rural economy of India (Rural Development - Principles, Policies, and Managem...
Rural economy of India (Rural Development - Principles, Policies, and Managem...Rural economy of India (Rural Development - Principles, Policies, and Managem...
Rural economy of India (Rural Development - Principles, Policies, and Managem...Abhinav Saxena
 
Problems of indian agriculture
Problems of indian agricultureProblems of indian agriculture
Problems of indian agricultureprofajai
 
paramparagat krishi vikas yojana(PKVY)
paramparagat krishi vikas yojana(PKVY)paramparagat krishi vikas yojana(PKVY)
paramparagat krishi vikas yojana(PKVY)krishnadk
 
Farming System Approach
Farming System ApproachFarming System Approach
Farming System Approachjhoraram
 
Sustainable Agriculture in India
Sustainable Agriculture in IndiaSustainable Agriculture in India
Sustainable Agriculture in IndiaChandini S Amaan
 
CROP INSURANCE SCHEME
CROP INSURANCE SCHEMECROP INSURANCE SCHEME
CROP INSURANCE SCHEMEDronak Sahu
 
Agricultural growth of india
Agricultural growth  of india Agricultural growth  of india
Agricultural growth of india Fahad Aapu
 
Indian Agricultural Concerns and Future Prospects of Agriculture in India
Indian Agricultural Concerns and Future Prospects of Agriculture in IndiaIndian Agricultural Concerns and Future Prospects of Agriculture in India
Indian Agricultural Concerns and Future Prospects of Agriculture in IndiaDevina Seram
 
importance of agribusiness in Indian economy
importance of agribusiness in Indian economy importance of agribusiness in Indian economy
importance of agribusiness in Indian economy Abhiishek91
 
Small Farmers Development Agency& MFAL
Small Farmers Development Agency& MFALSmall Farmers Development Agency& MFAL
Small Farmers Development Agency& MFALMANU MOHAN
 
Importance of Dry Land Agriculture Management in India.
Importance of Dry Land Agriculture Management in India.Importance of Dry Land Agriculture Management in India.
Importance of Dry Land Agriculture Management in India.Arunesh Kumar
 
Agricultural diversification
Agricultural diversificationAgricultural diversification
Agricultural diversificationAmar Mandal
 
Manures, Fertilizers and Soil Fertility Management ASOIL5311 Notes IGKV
Manures, Fertilizers and Soil Fertility Management ASOIL5311 Notes IGKVManures, Fertilizers and Soil Fertility Management ASOIL5311 Notes IGKV
Manures, Fertilizers and Soil Fertility Management ASOIL5311 Notes IGKVISHAN DEWANGAN
 
Challenges for Indian agriculture and solutions
Challenges for Indian agriculture and solutionsChallenges for Indian agriculture and solutions
Challenges for Indian agriculture and solutionsTribesforGOOD
 

Was ist angesagt? (20)

Reforms and Indian Agriculture
Reforms and Indian AgricultureReforms and Indian Agriculture
Reforms and Indian Agriculture
 
Indian agriculture
Indian agriculture Indian agriculture
Indian agriculture
 
Role of govt in agricultural marketing
Role of govt in agricultural marketingRole of govt in agricultural marketing
Role of govt in agricultural marketing
 
Rural economy of India (Rural Development - Principles, Policies, and Managem...
Rural economy of India (Rural Development - Principles, Policies, and Managem...Rural economy of India (Rural Development - Principles, Policies, and Managem...
Rural economy of India (Rural Development - Principles, Policies, and Managem...
 
Problems of indian agriculture
Problems of indian agricultureProblems of indian agriculture
Problems of indian agriculture
 
paramparagat krishi vikas yojana(PKVY)
paramparagat krishi vikas yojana(PKVY)paramparagat krishi vikas yojana(PKVY)
paramparagat krishi vikas yojana(PKVY)
 
agriculture_credit
agriculture_creditagriculture_credit
agriculture_credit
 
Farming System Approach
Farming System ApproachFarming System Approach
Farming System Approach
 
Sustainable Agriculture in India
Sustainable Agriculture in IndiaSustainable Agriculture in India
Sustainable Agriculture in India
 
CROP INSURANCE SCHEME
CROP INSURANCE SCHEMECROP INSURANCE SCHEME
CROP INSURANCE SCHEME
 
Agricultural growth of india
Agricultural growth  of india Agricultural growth  of india
Agricultural growth of india
 
Indian Agricultural Concerns and Future Prospects of Agriculture in India
Indian Agricultural Concerns and Future Prospects of Agriculture in IndiaIndian Agricultural Concerns and Future Prospects of Agriculture in India
Indian Agricultural Concerns and Future Prospects of Agriculture in India
 
importance of agribusiness in Indian economy
importance of agribusiness in Indian economy importance of agribusiness in Indian economy
importance of agribusiness in Indian economy
 
Small Farmers Development Agency& MFAL
Small Farmers Development Agency& MFALSmall Farmers Development Agency& MFAL
Small Farmers Development Agency& MFAL
 
Importance of Dry Land Agriculture Management in India.
Importance of Dry Land Agriculture Management in India.Importance of Dry Land Agriculture Management in India.
Importance of Dry Land Agriculture Management in India.
 
Agricultural diversification
Agricultural diversificationAgricultural diversification
Agricultural diversification
 
Manures, Fertilizers and Soil Fertility Management ASOIL5311 Notes IGKV
Manures, Fertilizers and Soil Fertility Management ASOIL5311 Notes IGKVManures, Fertilizers and Soil Fertility Management ASOIL5311 Notes IGKV
Manures, Fertilizers and Soil Fertility Management ASOIL5311 Notes IGKV
 
Challenges for Indian agriculture and solutions
Challenges for Indian agriculture and solutionsChallenges for Indian agriculture and solutions
Challenges for Indian agriculture and solutions
 
Indian agriculture
Indian agricultureIndian agriculture
Indian agriculture
 
Agriculture in india 2
Agriculture  in  india 2Agriculture  in  india 2
Agriculture in india 2
 

Ähnlich wie Agriculture Sector in India, Agricultural Development in India, Statistics

Indian Food Processing Industry Presentation 060109
Indian Food Processing Industry Presentation 060109Indian Food Processing Industry Presentation 060109
Indian Food Processing Industry Presentation 060109Workosaur.com
 
Food Processing Market - India - Sample
Food Processing Market - India - SampleFood Processing Market - India - Sample
Food Processing Market - India - SampleNetscribes, Inc.
 
IFPRI - 00916 - Zero Tillage in the Rice-Wheat Systems of the Indo-Gangetic P…
IFPRI - 00916 - Zero Tillage in the Rice-Wheat Systems of the Indo-Gangetic P…IFPRI - 00916 - Zero Tillage in the Rice-Wheat Systems of the Indo-Gangetic P…
IFPRI - 00916 - Zero Tillage in the Rice-Wheat Systems of the Indo-Gangetic P…CSISA
 
Indian agriculture
Indian agricultureIndian agriculture
Indian agriculturekanishk102
 
Indian Pharmaceutical Industry
Indian Pharmaceutical IndustryIndian Pharmaceutical Industry
Indian Pharmaceutical Industryhealthcaremanas
 
MARKET LED AGRICULTURE
MARKET LED AGRICULTUREMARKET LED AGRICULTURE
MARKET LED AGRICULTUREajamale7
 
India Maize Summit 2015 - Session 1 - Sharad khurana, Pioneer, Indian Dairy I...
India Maize Summit 2015 - Session 1 - Sharad khurana, Pioneer, Indian Dairy I...India Maize Summit 2015 - Session 1 - Sharad khurana, Pioneer, Indian Dairy I...
India Maize Summit 2015 - Session 1 - Sharad khurana, Pioneer, Indian Dairy I...NCDEX Ltd.
 
Emerging opportunities in Indian Dairy Industry : outlook for future
Emerging opportunities in Indian Dairy Industry : outlook for futureEmerging opportunities in Indian Dairy Industry : outlook for future
Emerging opportunities in Indian Dairy Industry : outlook for futureVipin Kumar
 

Ähnlich wie Agriculture Sector in India, Agricultural Development in India, Statistics (20)

Agriculture Sector Report _ August 2013
Agriculture Sector Report _  August 2013Agriculture Sector Report _  August 2013
Agriculture Sector Report _ August 2013
 
Indian Food Processing Industry Presentation 060109
Indian Food Processing Industry Presentation 060109Indian Food Processing Industry Presentation 060109
Indian Food Processing Industry Presentation 060109
 
Food Processing Sectore Report - January 2017
Food Processing Sectore Report - January 2017Food Processing Sectore Report - January 2017
Food Processing Sectore Report - January 2017
 
Food Processing Market - India - Sample
Food Processing Market - India - SampleFood Processing Market - India - Sample
Food Processing Market - India - Sample
 
Food Processing Sectore Report - February 2017
Food Processing Sectore Report - February 2017Food Processing Sectore Report - February 2017
Food Processing Sectore Report - February 2017
 
Food Processing Sector Report - March 2017
Food Processing Sector Report - March 2017Food Processing Sector Report - March 2017
Food Processing Sector Report - March 2017
 
Indian Food Processing Sector_2016
Indian Food Processing Sector_2016Indian Food Processing Sector_2016
Indian Food Processing Sector_2016
 
IFPRI - 00916 - Zero Tillage in the Rice-Wheat Systems of the Indo-Gangetic P…
IFPRI - 00916 - Zero Tillage in the Rice-Wheat Systems of the Indo-Gangetic P…IFPRI - 00916 - Zero Tillage in the Rice-Wheat Systems of the Indo-Gangetic P…
IFPRI - 00916 - Zero Tillage in the Rice-Wheat Systems of the Indo-Gangetic P…
 
Food Processing Sector Report March 2017
Food Processing Sector Report March 2017Food Processing Sector Report March 2017
Food Processing Sector Report March 2017
 
Indian agriculture
Indian agricultureIndian agriculture
Indian agriculture
 
Food Processing Sector Report April 2017
Food Processing Sector Report April 2017 Food Processing Sector Report April 2017
Food Processing Sector Report April 2017
 
Indian Pharmaceutical Industry
Indian Pharmaceutical IndustryIndian Pharmaceutical Industry
Indian Pharmaceutical Industry
 
Food Processing Sector Reports November-2016
Food Processing Sector Reports November-2016Food Processing Sector Reports November-2016
Food Processing Sector Reports November-2016
 
Food Processing Sectoral Report - October 2016
Food Processing Sectoral Report - October 2016Food Processing Sectoral Report - October 2016
Food Processing Sectoral Report - October 2016
 
Bio Fertilizer Manufacturing Unit
Bio Fertilizer Manufacturing UnitBio Fertilizer Manufacturing Unit
Bio Fertilizer Manufacturing Unit
 
MARKET LED AGRICULTURE
MARKET LED AGRICULTUREMARKET LED AGRICULTURE
MARKET LED AGRICULTURE
 
ITC e-choupal
ITC e-choupalITC e-choupal
ITC e-choupal
 
Gr of india intro 22072010
Gr of india intro 22072010Gr of india intro 22072010
Gr of india intro 22072010
 
India Maize Summit 2015 - Session 1 - Sharad khurana, Pioneer, Indian Dairy I...
India Maize Summit 2015 - Session 1 - Sharad khurana, Pioneer, Indian Dairy I...India Maize Summit 2015 - Session 1 - Sharad khurana, Pioneer, Indian Dairy I...
India Maize Summit 2015 - Session 1 - Sharad khurana, Pioneer, Indian Dairy I...
 
Emerging opportunities in Indian Dairy Industry : outlook for future
Emerging opportunities in Indian Dairy Industry : outlook for futureEmerging opportunities in Indian Dairy Industry : outlook for future
Emerging opportunities in Indian Dairy Industry : outlook for future
 

Mehr von India Brand Equity Foundation

Engineering and Capital Goods Sector Report - April 2019
Engineering and Capital Goods Sector Report - April 2019Engineering and Capital Goods Sector Report - April 2019
Engineering and Capital Goods Sector Report - April 2019India Brand Equity Foundation
 

Mehr von India Brand Equity Foundation (20)

Tamil Nadu State report - April 2019
Tamil Nadu State report - April 2019Tamil Nadu State report - April 2019
Tamil Nadu State report - April 2019
 
Steel Sector Report - April 2019
Steel Sector Report - April 2019Steel Sector Report - April 2019
Steel Sector Report - April 2019
 
Services Sector Report - April 2019
Services Sector Report - April 2019Services Sector Report - April 2019
Services Sector Report - April 2019
 
Real Estate Sector Report - April 2019
Real Estate Sector Report - April 2019Real Estate Sector Report - April 2019
Real Estate Sector Report - April 2019
 
Rajasthan State Report - April 2019
Rajasthan State Report - April 2019Rajasthan State Report - April 2019
Rajasthan State Report - April 2019
 
Railways Sector Report April 2019
Railways Sector Report April 2019Railways Sector Report April 2019
Railways Sector Report April 2019
 
Power Sector Report - April 2019
Power Sector Report - April 2019Power Sector Report - April 2019
Power Sector Report - April 2019
 
Nagaland State Report - April 2019
Nagaland State Report - April 2019Nagaland State Report - April 2019
Nagaland State Report - April 2019
 
Meghalaya State Report April 2019
Meghalaya State Report April 2019Meghalaya State Report April 2019
Meghalaya State Report April 2019
 
Infrastructure Sector Report - April 2019
Infrastructure Sector Report - April 2019Infrastructure Sector Report - April 2019
Infrastructure Sector Report - April 2019
 
Media and Entertainment Sector report - April 2019
Media and Entertainment Sector report - April 2019Media and Entertainment Sector report - April 2019
Media and Entertainment Sector report - April 2019
 
Manufacturing Sector Report - April 2019
Manufacturing Sector Report - April 2019Manufacturing Sector Report - April 2019
Manufacturing Sector Report - April 2019
 
Manipur State Report - April 2019
Manipur State Report - April 2019Manipur State Report - April 2019
Manipur State Report - April 2019
 
Himachal Pradesh State Report - April 2019
Himachal Pradesh State Report - April 2019Himachal Pradesh State Report - April 2019
Himachal Pradesh State Report - April 2019
 
Gujarat State Report - April 2019
Gujarat State Report - April 2019Gujarat State Report - April 2019
Gujarat State Report - April 2019
 
Gems and Jewellery Sector Report - April 2019
Gems and Jewellery Sector Report - April 2019Gems and Jewellery Sector Report - April 2019
Gems and Jewellery Sector Report - April 2019
 
Engineering and Capital Goods Sector Report - April 2019
Engineering and Capital Goods Sector Report - April 2019Engineering and Capital Goods Sector Report - April 2019
Engineering and Capital Goods Sector Report - April 2019
 
E Commerce Sector Report - April 2019
E Commerce Sector Report - April 2019E Commerce Sector Report - April 2019
E Commerce Sector Report - April 2019
 
Delhi State Report - April 2019
Delhi State Report - April 2019Delhi State Report - April 2019
Delhi State Report - April 2019
 
Chhattisgarh State Report - April 2019
Chhattisgarh State Report - April 2019Chhattisgarh State Report - April 2019
Chhattisgarh State Report - April 2019
 

Agriculture Sector in India, Agricultural Development in India, Statistics

  • 1. AUGUST Agriculture 2012 For updated information, please visit www.ibef.org 1
  • 2. AUGUST Agriculture 2012 Contents  Advantage India  Market overview and trends  Growth drivers  Success stories: Green Revolution, Rallis India  Opportunities  Useful information For updated information, please visit www.ibef.org 2
  • 3. AUGUST Agriculture 2012 Advantage India 2011–12E Robust demand Attractive opportunities Food grain • A large population is the key driver • Increasing demand for production: of demand for agricultural products agricultural inputs such as hybrid 250.2 seeds and fertilisers million • Rising urban and rural incomes tonnes have also aided demand growth • Promising opportunities in storage facilities; potential • External demand has also been storage capacity expansion of 35 growing especially from key million tonnes under the 11th markets like the Middle East Five Year Plan Advantage India Competitive advantages Policy support • High proportion of arable land (48 • Government is increasing Minimum per cent or 157.9 million hectares) Support Prices (MSPs) to ensure higher crop production • Leading producer of jute, pulses; second-largest producer of wheat, • Launched National Food Security Mission (NFSM) to increase production 1960–61 paddy, fruits and vegetables of rice, wheat and pulses Food grain production: 69.3 million Source: Ministry of Agriculture, World Bank, FAOSTAT, tonnes Aranca Research Note: E – Estimate For updated information, please visit www.ibef.org ADVANTAGE INDIA 3
  • 4. AUGUST Agriculture 2012 Contents  Advantage India  Market overview and trends  Growth drivers  Success stories: Green Revolution, Rallis India  Opportunities  Useful information For updated information, please visit www.ibef.org 4
  • 5. AUGUST Agriculture 2012 Evolution of agriculture in India 2000 onwards 1980-2000 • Increase in population and 1960-80 • Expanding cereal production strong income growth • Economic reforms amplified the demand for introduced; greater food grains encouragement to exports • MNC players brought in better technology to the • Surplus of production of market • Pioneering work of agricultural agricultural commodities 1950s scientists and efforts of farmers over domestic demand • Rise in institutional credit for led to Green Revolution • India thus emerged as a net agriculture • High Yield Variety (HYV) of exporter of agricultural • Government launched NFSM seeds, increased use of products to increase production of rice, fertilizers and irrigation resulted wheat and pulses • Stagnation in agriculture in a significant spike in • Low growth in crop and production grain production (0.4 and 0.1 per cent p.a.) • Attained food security and reduced import of food grains • Food grain production of 59.2 mt in 1952–53, Source: RBI, Ministry of Agriculture, Aranca Research with a yield of 579.8 Notes: NFSM - National Food Security Mission, kg/ha MNC - Multi National Company, mt - metric tonne, p.a. – per annum For updated information, please visit www.ibef.org MARKET OVERVIEW AND TRENDS 5
  • 6. AUGUST Agriculture 2012 Growth in agriculture … (1/2) GDP by value added – size of agriculture and allied activities → GDP of agriculture and allied sectors in India reached (USD billion) USD 147.7 billion in FY11 147.7 → According to the Central Statistical Organisation (CSO), the agriculture sector is estimated to have 138.0 grown by 2.5 per cent in FY12 136.5 136.6 → Agriculture is the primary source of livelihood for 129.0 about 58 per cent of India’s population Note: GDP – Gross Domestic Product FY07 FY08 FY09 FY10 FY11 Source: Ministry of Agriculture, Aranca Research For updated information, please visit www.ibef.org MARKET OVERVIEW AND TRENDS 6
  • 7. AUGUST Agriculture 2012 Growth in agriculture … (2/2) → At USD29.6 billion, agriculture accounted for 7.1 per Gross Capital Formation in agriculture and allied activities cent of total Gross Capital Formation in FY11 (USD billion) → Under the FY13 Union Budget, planned outlay for 29.6 various schemes under the Dept of Agriculture and 26.5 27.3 Cooperation (DAC) has been fixed at USD 4.2 billion 22.0 19.2 → Allocation to the Rashtriya Krishi Vikas Yojana (RKV Y) in the FY13 budget has been increased to USD 1.9 billion, a rise of about 19 per cent from the previous financial year Note: RKVY is a central government scheme providing funds to state governments to spend on agriculture FY07 FY08 FY09 FY10 FY11 Source: Ministry of Agriculture, Aranca Research For updated information, please visit www.ibef.org MARKET OVERVIEW AND TRENDS 7
  • 8. AUGUST Agriculture 2012 Major seasons: Kharif and Rabi … (1/2) → There are two major agricultural seasons in India – Production of food grains (million tonnes) in Kharif and Rabi Kharif and Rabi seasons → Kharif season lasts from April to September (summer); rice (paddy) is the season’s main crop 123.6 122.0 → Rabi season lasts from October to March (winter); 109.8 116.3 114.2 wheat is the season’s main crop 121.0 118.1 121.1 128.4 104.0 FY08 FY09 FY10 FY11 FY12E Kharif Rabi Source: Ministry of Agriculture, Aranca Research Note: E– Second advance estimates For updated information, please visit www.ibef.org MARKET OVERVIEW AND TRENDS 8
  • 9. AUGUST Agriculture 2012 Major seasons: Kharif and Rabi … (2/2) Area sown in FY10 (lakh hectares) Rabi Kharif 10.8 12.7 Wheat 71.0 Paddy 44.9 85.2 Pulses Oilseeds 335.3 87.3 Oil seeds Pulses 100.1 279.1 Jowar Cotton Maize 105.3 Bajra 136.9 174.4 Maize Rice Source: Ministry of Agriculture, Aranca Research For updated information, please visit www.ibef.org MARKET OVERVIEW AND TRENDS 9
  • 10. AUGUST Agriculture 2012 Exports of Indian agricultural products … (1/2) → India is among the 15 leading exporters of agricultural Agricultural exports from India (USD billion) products in the world; the country accounted for 1.7 per cent of global agricultural trade in 2010 CAGR 25.0 → Total agricultural exports from India expanded at a 17.8% CAGR of 17.8 per cent (to USD 25.0 billion) over FY07- 18.6 11(P) 16.5 17.9 13.0 Note: P – Provisional estimate (for FY11); CAGR – Compound annual growth rate FY07 FY08 FY09 FY10 FY11P Source: Ministry of Agriculture, World Trade Organisation, Aranca Research For updated information, please visit www.ibef.org MARKET OVERVIEW AND TRENDS 10
  • 11. AUGUST Agriculture 2012 Exports of Indian agricultural products … (2/2) → India exported cotton worth USD2.7 billion in FY1 1(P) Key agricultural and allied sector exports from India in FY11(P) accounting for nearly 11% of total agricultural exports (USD billion) 3.0 2.7 → Oil meals and rice were the next largest export items 2.3 in terms of value; each accounted for about 9% of 2.5 2.3 total agricultural exports in FY11(P) 1.8 2.0 1.6 1.6 → As part of a conscious strategy, the government 1.5 monitors the flow of exports of agricultural products 1.0 depending on domestic demand and availability 0.7 0.7 0.5 0.5 0.5 Note: P – Provisional Estimate 0.0 Source: Ministry of Agriculture, Aranca Research *includes meat preparations; **includes products made from paper/ wood For updated information, please visit www.ibef.org MARKET OVERVIEW AND TRENDS 11
  • 12. AUGUST Agriculture 2012 Key agricultural states and their contributions Punjab and Haryana were the key states of green revolution and continue to be large producers of food grains Uttar Pradesh - largest producer of wheat 14.34 million tonnes Assam is India’s largest producer of tea Gujarat - largest producer of cotton 7.99 million bales West Bengal - largest producer of rice Karnataka - largest 14.34 million tonnes producer of maize 3.01 million tonnes Madhya Pradesh - largest producer of pulses 4.30 million tonnes Source: Department of Agriculture & Cooperation; Note: All figures as of 2009-10 12
  • 13. AUGUST Agriculture 2012 Contents  Advantage India  Market overview and trends  Growth drivers  Success stories: Green Revolution, Rallis India  Opportunities  Useful information For updated information, please visit www.ibef.org 13
  • 14. AUGUST Agriculture 2012 Growth drivers of Indian agriculture • Population and income growth Demand-side drivers Growth drivers • Institutional credit • Hybrid and genetically Supply-side Policy support modified seeds drivers • Increasing MSPs • Mechanisation • Favourable policies • Irrigational facilities Notes: MSP – Minimum Support Price For updated information, please visit www.ibef.org GROWTH DRIVERS 14
  • 15. AUGUST Agriculture 2012 A large population ensures high demand for agricultural products → India, the second-most populated country in the Population of India (million) world, has to meet food consumption needs of around 1400 1,210 million people 1,210 1200 1,029 → This is a key demand driver of agricultural growth in 1000 the country 846 800 683 548 600 400 200 0 FY71 FY81 FY91 FY01 FY11 Source: Census of India 2011, Aranca Research For updated information, please visit www.ibef.org GROWTH DRIVERS 15
  • 16. AUGUST Agriculture 2012 Income growth also driving agriculture demand → Domestic demand for agricultural and allied products Per capita income at factor cost (USD) has not only been rising due to rising population, but 1,200 also as a result of greater consumption by a wealthier CAGR 1,111 population 14.3% 961 1,000 849 → Over FY07-1 India’s per capita income increased at a 1, 800 746 CAGR of 14.3 per cent (to USD1,1 1) 1 650 600 → Indian agriculture has also benefitted from rising 400 external demand and the sector’s wider participation in the global economy 200 0 FY07 FY08 FY09 FY10 FY11 Source: Central Statistical Organisation, Aranca Research For updated information, please visit www.ibef.org GROWTH DRIVERS 16
  • 17. AUGUST Agriculture 2012 Growing area under irrigation … (1/2) → India’s irrigation potential has steadily increased over Area under irrigation (million hectares) the years; as of March 2010 it stood at 108.2 million hectares compared to 81.1 million hectares in FY92 86.4 76.6 → In FY1 1, aided by central government funding, 63.2 63.3 individual states generated additional irrigation 55.1 49.8 potential of 0.6 million hectares under the Accelerated 48.0 Irrigation Benefit Programme (AIBP) 38.2 38.7 31.1 FY71 FY81 FY91 FY01 FY10P Gross irrigated area Net irrigated area Source: Ministry of Agriculture, Aranca Research Note: P is Provisional Estimate For updated information, please visit www.ibef.org GROWTH DRIVERS 17
  • 18. AUGUST Agriculture 2012 Growing area under irrigation … (2/2) → Gross irrigated area under food grains is estimated to Gross irrigated area under food grains (‘000 hectares) have grown to 58.6 million hectares in FY10(P) 58,641 → Of the wide variety of crops in India, rice and wheat 53,609 are the most irrigated 44,866 37,851 → With growing investments in irrigation, the 30,117 dependence on monsoons has declined considerably over the years FY71 FY81 FY91 FY01 FY10P Source: Ministry of Agriculture, Aranca Research Note: P is Provisional For updated information, please visit www.ibef.org GROWTH DRIVERS 18
  • 19. AUGUST Agriculture 2012 Increasing mechanisation of farming … (1/2) → Mechanisation helps in raising farm income by Number of tractors sold increasing productivity and limiting post-harvest losses CAGR 545,109 → Growing sales of tractors and tillers in India reflect the 11.5% increasing level of mechanisation in farming; over 419,270 393,836 FY07-1 tractor sales rose at a CAGR of 1 per cent 1, 1.5 352,835 346,501 342,836 → India is the largest manufacturer of tractors in the world, accounting for about one-third of global production* Source: ‘State of Indian Agriculture 2011-12’ by the Dept of Agriculture and Cooperation (DAC) FY07 FY08 FY09 FY10 FY11 Apr - Dec 2011 Source: Department of Agriculture and Cooperation, Aranca Research For updated information, please visit www.ibef.org GROWTH DRIVERS 19
  • 20. AUGUST Agriculture 2012 Increasing mechanisation of farming … (2/2) → Sale of tillers increased at a CAGR of 22 per cent over Number of tillers sold FY07-11 CAGR 55,000 22 % → The government has set up a number of Farm Machinery Training and Testing Institutes to train 38,794 39,900 farmers on the operation and maintenance of 35,294 26,135 agricultural equipment 24,791 → DAC proposes to initiate National Mission on Agricultural Mechanisation (NMAM) to spread the benefits of mechanisation among all levels of farmers especially small and marginal ones FY07 FY08 FY09 FY10 FY11 Apr - Dec 2011 Notes: DAC– Dept. of Agriculture and Cooperation Source: Department of Agriculture and Cooperation, Aranca Research For updated information, please visit www.ibef.org GROWTH DRIVERS 20
  • 21. AUGUST Agriculture 2012 Improved yield and resistance from hybrid seeds … (1/2) → The size of India’s seed industry was about USD1.6 Production of seeds (‘000 tonnes) billion (estimate) in FY10 200 3500 3000 → There has been strong growth in the use of hybrid 150 2500 seeds due to their high yield and resistance 2000 100 → Usage of hybrid seeds has been more prevalent in 1500 cash crops than food crops 50 1000 500 0 0 FY07 FY08 FY09 FY10 FY11P Breeder seed production ('000 tonnes) Foundation seed production ('000 tonnes) Certified seed production('000 tonnes) ( RHS) Source: Ministry of Agriculture, Aranca Research P – Provisional Estimate For updated information, please visit www.ibef.org GROWTH DRIVERS 21
  • 22. AUGUST Agriculture 2012 Improved yield and resistance from hybrid seeds … (2/2) → Usage of hybrid seeds has boosted the yield of food Food grain yields (kg/hectare) grains to an estimated 1,757 kg/hectare in FY12 from 1,023 kg/hectare in FY81 1,921 → The government has been playing a proactive role in 1,757 1,626 promoting greater use of hybrid seeds; it encourages 1,380 private seed companies by providing a subsidy of 25 per cent of the capital cost subject to a maximum of 1,023 USD50,000 per unit FY81 FY91 FY01 FY11E FY12E* Source: Ministry of Agriculture, Aranca Research Note: E – Fourth advance estimates, E* - First advance estimates For updated information, please visit www.ibef.org GROWTH DRIVERS 22
  • 23. AUGUST Agriculture 2012 Institutional credit to agriculture on a rise … (1/2) → Institutional credit to the agriculture sector increased Institutional credit to agriculture (USD billion) at a CAGR of 18.1 per cent during FY07–1 1 69.3 → Farmers are allowed to avail crop loans at an interest 59.5 of 7 per cent 47.7 → In FY12, the government increased the interest 37.7 34.7 30.4 subvention for timely repayment of crop loans to 3 per cent from 2 per cent in FY11 14.6 10.1 9.6 13.2 10.4 8.9 5.3 5.6 7.3 9.2 5.7 4.3 FY07 FY08 FY09 FY10 FY11 1H FY12 Commercial Banks Cooperative Banks Regional Rural Banks Source: Ministry of Agriculture, Aranca Research For updated information, please visit www.ibef.org GROWTH DRIVERS 23
  • 24. AUGUST Agriculture 2012 Institutional credit to agriculture on a rise … (2/2) → Domestic banks (both private and public) are Share of institutional credit to agriculture stipulated to provide almost one-fifth (18 per cent) of their net bank credit to agriculture 74.5% → Banks are issuing Kisan Credit Card (KCC) to farmers 52.6% to provide timely and adequate credit support; by the end of Oct, 201 107.8 million KCCs were issued to 1, 39.2% eligible farmers 15.7% 8.0% 9.8% Co-operative Banks Regional Rural Banks Commercial Banks FY01 FY11 Source: Annual report on Agriculture 2010-11, Aranca Research For updated information, please visit www.ibef.org GROWTH DRIVERS 24
  • 25. AUGUST Agriculture 2012 Rising MSPs incentivise farming … (1/2) → The Indian government increases MSPs regularly to MSP of rice (USD per quintal) incentivise farmers to enhance production of crops and ensure there is adequate supply 22.5 20.8 18.8 19.8 → The MSP for rice was raised by 8.2 per cent to 15.5 USD22.5 per quintal in FY12 from USD20.8 per quintal in FY11 Note: MSP is Minimum Support Price FY08 FY09 FY10 FY11 FY12 Source: Ministry of Agriculture, Aranca Research For updated information, please visit www.ibef.org GROWTH DRIVERS 25
  • 26. AUGUST Agriculture 2012 Rising MSPs incentivise farming … (2/2) → Government has increased the MSP of pulses MSP of arhar (USD per quintal) significantly in the past three years to encourage 66.7 production and thereby reduce the supply shortage 62.5 → MSP for arhar increased more than 100 per cent to 47.9 USD66.7 per quintal in FY12 from USD32.3 per quintal 41.7 in FY08 32.3 FY08 FY09 FY10 FY11 FY12 Source: Ministry of Agriculture, Aranca Research For updated information, please visit www.ibef.org GROWTH DRIVERS 26
  • 27. AUGUST Agriculture 2012 Favourable policies are supporting the sector growth … (1/2) • National Food Security Mission was launched in FY08 with an outlay of USD1.2 National Food Security billion during the 11th Five year plan Mission (NFSM) • It aims at enhancing the production of rice, wheat and pulses by 10 million tonnes, 8 million tonnes and 2 million tonnes by FY12 • Rajiv Krishi Vikas Yojana was launched in FY08 with an outlay of USD5.3 billion Rajiv Krishi Vikas Yojana during the 11th Five year plan . (RKVY) • RKVY aims at incentivising states to increase outlays for agriculture and allied activities there by creating an increased focus on agriculture • 100 per cent Foreign Direct Investment (FDI) is allowed under automatic route in Foreign Direct storage and ware housing including cold storages Investment (FDI) • FDI policy for agriculture was amended to allow 100 per cent FDI under automatic route for development of seeds Source: Ministry of Agriculture, Union Budget 2011-12, Aranca Research For updated information, please visit www.ibef.org GROWTH DRIVERS 27
  • 28. AUGUST Agriculture 2012 Favourable policies are supporting the sector growth … (2/2) • Government has launched an initiative to spend USD 65.1 million to promote Pulses villages 60,000 ‘pulses villages’ in rain fed areas for increasing crop productivity and strengthening market linkages • Realising that scientific and technical breakthroughs are critical to increasing Incentivising agricultural agricultural productivity, the government in its FY13 budget has allocated research USD41.7 million to incentivise research with rewards for institutions as well as research teams • The government plans to set up a Regional Rural Bank Credit Refinance Fund with a capital of USD2.1 billion to enhance the capacity of RRBs to disburse short RRB Credit Refinance term crop loans to small and marginal farmers Fund • In its budget for FY13, the government raised the target for agricultural credit by USD20.8 billion to USD119.8 billion Source: Ministry of Agriculture, Union Budget 2011-12, Aranca Research Note: RRB – Regional Rural Bank For updated information, please visit www.ibef.org GROWTH DRIVERS 28
  • 29. AUGUST Agriculture 2012 Contents  Advantage India  Market overview and trends  Growth drivers  Success stories: Green revolution, Rallis India  Opportunities  Useful information For updated information, please visit www.ibef.org 29
  • 30. AUGUST Agriculture 2012 Green Revolution: India becomes self- sufficient in food grains → The Green Revolution started around 1965 in India, especially in the states of Haryana and Punjab, to increase the production of food grains → The movement helped the country to reduce imports and become self-sufficient in food grains → Food grain production more than doubled to 150.4 million tonnes in FY86 from 72.4 million tonnes in FY66 → Agricultural infrastructure improved during this period with dependence on monsoons going down due to better irrigation facilities Double Food grain production (million tonnes) cropping existing 150.4 farm land 129.6 121.0 108.4 Continued 72.4 High expansion Green yielding of farming Revolution seeds area Use of pesticides FY66 FY71 FY76 FY81 FY86 and fertilisers Source: Handbook of Indian Statistics, Aranca Research For updated information, please visit www.ibef.org SUCCESS STORIES: GREEN REVOLUTION, RALLIS INDIA 30
  • 31. AUGUST Agriculture 2012 Rallis India: Leading player in agricultural inputs … (1/2) Salient characteristics • Rallis is a leading player in the agricultural inputs business and the largest player in agri chemical business • Crop protection is the major segment for the company and it plans to expand its presence in seeds and PGN • As part of the above mentioned plans, Rallis acquired a research-led seeds company ‘Metahelix’ and launched a PGN product in the name of ‘Ralligold’ • Rallis India has set up Rallis Farm Management services to undertake contract farming • Rallis Research centre has won the prestigious New Millennium Indian Technological Leadership Initiative award for a molecule discovery Major business segments Crop protection Agri services Rallis Contract farming Seeds and PGN Note: PGN - Plant Growth Nutrients For updated information, please visit www.ibef.org SUCCESS STORIES: GREEN REVOLUTION, RALLIS INDIA 31
  • 32. AUGUST Agriculture 2012 Rallis India: Leading player in agricultural inputs … (2/2) Net sales (USD million) Profit before taxes (USD million) 259.4 38.4 222.0 31.8 183.1 30.5 31.1 174.3 140.5 22.3 FY08 FY09 FY10 FY11 FY12 FY08 FY09 FY10 FY11 FY12 Source: Company website, Aranca Research For updated information, please visit www.ibef.org SUCCESS STORIES: GREEN REVOLUTION, RALLIS INDIA 32
  • 33. AUGUST Agriculture 2012 Contents  Advantage India  Market overview and trends  Growth drivers  Success stories: Green Revolution, Rallis India  Opportunities  Useful information For updated information, please visit www.ibef.org 33
  • 34. AUGUST Agriculture 2012 Opportunities Farm management services Agricultural inputs Logistics • New agri business, which • Limited arable land • The 11th Five Year Plan provides inputs such as against growing estimated a potential seeds, fertilisers along with population makes storage capacity expansion providing advice and agricultural inputs crucial of 35 million tonnes training farmers on latest agricultural practices • Huge opportunity exists • Cold storage capacity needs for agri input segments to grow rapidly from the • It introduces efficiencies like seeds and plant current level of 24 million into the whole gamut of growth nutrients tonnes agri practices • In India, commercial seeds • Private warehouse • Provides assistance to sell only account for minor operators are supported by products at appropriate percentage (25 per cent) multiple income streams, prices and huge demand is subsidy and available of expected for quality credit branded seeds Source: Rallis Annual Report, FCI, Aranca research Note: FCI - Food corporation of India For updated information, please visit www.ibef.org OPPORTUNITIES 34
  • 35. AUGUST Agriculture 2012 Initiatives that will further prop up the sector FDI in multi – National Food brand retail Security Bill • The government’s plan to allow up to 51 per cent FDI in multi-brand • Under the proposed National Food retail (which is under discussion) Security Bill, government will positively influence agriculture guarantees beneficiaries a and enable its modernisation even prescribed quantity of food grains further at heavily-discounted prices • Foreign investors are likely to bring • To meet the demand that could in efficiencies, especially in food emanate from implementation of supply chains; they are likely to the bill, the government will take invest in logistics such as measures to raise productivity warehouses and cold storages • The government is likely to invest • Direct procurement from farmers more on the storage infrastructure, will likely result in higher prices for which will reduce wastage and the farmer and lower ones for the thereby lead to lower prices consumer For updated information, please visit www.ibef.org OPPORTUNITIES 35
  • 36. AUGUST Agriculture 2012 Contents  Advantage India  Market overview and trends  Growth drivers  Success stories: Green Revolution, Rallis India  Opportunities  Useful information For updated information, please visit www.ibef.org 36
  • 37. AUGUST Agriculture 2012 Industry Associations … (1/2) Autonomous Bodies • National Institute of Agricultural Extension Management Rajendranagar, Hyderabad–500 030, Andhra Pradesh Phone: 040-24016702 to 706 Fax: 040-24015388 • National Institute of Agricultural Marketing (NIAM) Bambala, Kota Road Jaipur–302033, Rajasthan Phone: 0141-2770027 Fax: 0141-2771938, 2770027 Boards • Central Insecticides Board and Registration Committee Machinary Store Building, N.H.IV Faridabad Phone: 0129 -2413002 • Coconut Development Board Kera Bhavan, SRVHS Road, Kochi Kerala–682011 Phone: 0484-2376265, 2377267, 2376553 Fax: 0484-2377902 For updated information, please visit www.ibef.org USEFUL INFORMATION 37
  • 38. AUGUST Agriculture 2012 Industry Associations … (2/2) • National Dairy Development Board (NDDB) PB No 40, Anand–388 001 Phone: 02692-260148/260149/260160 Fax: 02692-260157 • National Horticulture Board (NHB) Ministry of Agriculture, Government of India 85, Institutional Area, Sector-18 Gurgaon–122015, Haryana • National Oilseeds and Vegetable Oils Development Board (NOVOD) 86, Institutional Area, Sector-18 Gurgaon–122015, Haryana Councils • Indian Council of Agricultural Research (ICAR) Krishi Bhavan, New Delhi 110 114 Phone: 91-11-25846010 For updated information, please visit www.ibef.org USEFUL INFORMATION 38
  • 39. AUGUST Agriculture 2012 Glossary → AIBP: Accelerated Irrigation Benefit Programme → Breeder seeds : Seeds move from germplasm ( research) stage to breeder stage → CAGR: Compound annual growth rate → Certified/quality seeds : Foundation seeds are further multiplied to get certified seeds, which are sold to farmers → FMTTI : Farm Machinery Training and Testing Institutes → Foundation seeds : Breeder seeds are multiplied as foundation seeds → FY: Indian financial year (April to March)– FY12 implies April 2011 to March 2012 → KCC: Kisan Credit card → MSP : Minimum Support Prices → NFSM : National Food security mission → NMAM: National Mission on Agricultural Mechanisation → PGN : Plant Growth Nutrients → RKVY : Rashtriya Krushi Vikas Yojana is a central government scheme providing funds to state governments to spend on agriculture → USD: US Dollar– Conversion rate used: USD 1 = INR 48 → Wherever applicable, numbers have been rounded off to the nearest whole number For updated information, please visit www.ibef.org USEFUL INFORMATION 39
  • 40. AUGUST Agriculture 2012 Disclaimer India Brand Equity Foundation (IBEF) engaged Aranca to presentation to ensure that the information is accurate to prepare this presentation and the same has been the best of Aranca and IBEF’s knowledge and belief, the prepared by Aranca in consultation with IBEF. content is not to be construed in any manner whatsoever as a substitute for professional advice. All rights reserved. All copyright in this presentation and related works is solely and exclusively owned by IBEF. Aranca and IBEF neither recommend nor endorse any The same may not be reproduced, wholly or in part in specific products or services that may have been any material form (including photocopying or storing it in mentioned in this presentation and nor do they assume any medium by electronic means and whether or not any liability or responsibility for the outcome of decisions transiently or incidentally to some other use of this taken as a result of any reliance placed on this presentation), modified or in any manner communicated presentation. to any third party except with the written approval of IBEF. Neither Aranca nor IBEF shall be liable for any direct or indirect damages that may arise due to any act or This presentation is for information purposes only. While omission on the part of the user due to any reliance due care has been taken during the compilation of this placed or guidance taken from any portion of this presentation. For updated information, please visit www.ibef.org DISCLAIMER 40