Sign up for our daily Newsletter and stay up to date with all the latest news!

Subscribe I am already a subscriber

You are using software which is blocking our advertisements (adblocker).

As we provide the news for free, we are relying on revenues from our banners. So please disable your adblocker and reload the page to continue using this site.
Thanks!

Click here for a guide on disabling your adblocker.

Sign up for our daily Newsletter and stay up to date with all the latest news!

Subscribe I am already a subscriber

Indian region to invest $104m into cashew production

Under a proposal submitted by the Kerala Minister for Fisheries, Harbour Engineering and Cashew Industry, J. Mercykutty Amma, Andhra Pradesh will give 50,000 hectares to the KSACC for cashew cultivation with an initial investment of USD $104m over five years (2017-22).

The farming will be done by farmers’ societies of A.P. under the supervision of the KSACC and the production is to be procured by Kerala. The plan has a high potential for job creation as the project facilitates imports of high-yielding grafts.

In an exclusive interview with The Hindu on the sidelines of the National Women’s Parliament here on Saturday, Ms. Mercykutty said the cashew industry in Kerala, on which more than a million people are dependent for their livelihood, is facing a major crisis of Raw Cashew Nut (RCN) shortage due to low domestic production. Six lakh metric tonnes (MT) of RCN was needed in Kerala in a year but the production hovered around just 80,000 MT.

source: thehindu.com



Publication date:

Related Articles → See More