B.Com sem-2(E) 483 According to USDA,” organic products are referred as those products produced without toxic & persistent pesticides& fertilizers, genetically modified organisms(GMOs),antibiotics,irradiation, sewage sludge or added hormones. CERTIFICATION IN INDIA oThe Ministry of Commerce launched NPOP(National programme for organic production ) in March 2000,designed to establish national standards for organic products, which could then be sold under the logo” India Organic”.
oFor the proper implementation of NAPP(National
Accreditation Policy and Programme) has been formulated with Accreditation Regulations announced in May 2001. PRODUCTION- Production means transformation of inputs into output. India produced around 1.35 million tones (2015-16) of certified organic products which includes all varieties of food products namely Sugarcane, Oil Seeds, Cereals & Millets, Cotton, Pulses, Medicinal Plants, Tea, Fruits, Spices, Dry Fruits, Vegetables, Coffee etc. . The production is not limited to the edible sector but also produces organic cotton fiber, functional food products etc.
Among all the states, Madhya Pradesh has covered
largest area under organic certification followed by Himachal Pradesh and Rajasthan. MARKET- An actual or nominal place where forces of demand & supply operate and where buyers and sellers interact (directly or through intermediaries)to trade goods,services,or contracts or instruments ,for money or barter. INDUSTRIAL GROWTH A growth industry is the sector of the economy experiencing a higher than –average growth rate .Growth industries are often associated with new or pioneer industries that did not exist in past. Their growth is related to consumer demand for new products or services that firms within the industry are beginning to offer. The organic food industry has experienced astonishing growth in the past few years. AGRICULTURAL GROWTH As per the available statistics, India’s rank in terms of World’s Organic Agricultural land was 15 as per 2013 data . In 2014-15 there is increase in quality seeds grew substantially for pulses (97%),followed by cerels(64%) and fibres (47%). TAXES A compulsory contribution to state revenue, levied by the government on workers' income and business profits, or added to the cost of some goods, services, and transactions. GOODS AND SRVICES TAX(GST) The Goods and Services Tax (GST) is a value-added tax levied on most goods and services sold for domestic consumption. The GST is paid by consumers, but it is remitted to the government by the businesses selling the goods and services. In effect, GST provides revenue for the government. GOODS & SERVICES TAX ON ORGANIC PRODUCTS IN INDIA ARE AS FOLLOWING:- 5% ON textile articles, sets, worn clothing and worn textile articles and rags, of sale value exceeding Rs. 1000 per piece,Then 12% GST is Applicable. 28% on Leguminous Vegetables Shelled and Other Leguminous Vegetables. EMPLOYMENT A contract in which one person, the employee, agrees to perform work for another, the employer. EXPORTS Exports are the goods and services produced in one country and purchased by citizens of another country. Net exports refer to the difference between exports and imports during an accounting year. EARNINGS FROM EXPORTS:- Europe has been a major market for organic foods exports from India. The exports of organic food were estimated at approximately Rs.1328.61 crores in value terms during the year 2013-14. Organic juice,coffee,rice,meat,fruits,milk etc.are organic products which got exported from India. Other countries are- US, Canada etc. EXAMPES:- 1.PACIFIC ORGANIC PVT.LTD 2.ORGANIC INDIA PVT.LTD 3.NIMBLE ORGANICS PVT.LTD 4.AMOLI ORGANICS PVT .LTD 5. Esteem Bio Organic Food Processing Limited 1.PACIFIC ORGANIC PVT.LTD Founded In Year:1995 Location:Maharashtra CEO:Rahul Rajurohit Products: Lithium compounds,Bromine & Bromine Derivates,Phase Transefer catalysts Employees:101-500 Total revenue: Market share: 2.ORGANIC INDIA PVT.LTD Founded In Year:1997 HeadQuarters:Boulder,Colorado CEO:Kyle Garner Products: Organic Tulsi teas, health supplements and Commodities Employees:37 Total revenue:$79.8 M Market share: 3.NIMBLE ORGANICS PVT.LTD Founded In Year:2015 Head Quarters:Bengaluru,Karnataka Directors:Akkinapragada Raghavendra Sai,Kishna Murthy Srigiriraju,Nagaman Srigiriraju Products:Food items Employees:60 Total revenue:$77.0 to $79.0 million Market share: 4.AMOL I ORGANICS PVT .LTD Founded In Year:1991 Location:Gujrat,Mumbai,Maharashtra Directors: Manish Umed Doshi, Vandana Manish Doshi, Kundan Lal Khurana, Rupesh Suryakant Kamdar Products:injectables,tablets,capsules,antibio-tics etc. Employees:201-500 Total revenue: Rs. 16,87,181 Market share: 5. Esteem Bio Organic Food Processing Limited Founded In Year:1995 Head Quarters:India Directors:Brij Kishore Sabharwal,Jai Kumar,Sujit Gupta,Deepika Garg Products:Wheat,Pulses,Rice,Vegetables Employees:105 Total revenue:Rs.3.68cr Market share:
The State of Agricultural Commodity Markets 2020: Agricultural Markets and Sustainable Development: Global Value Chains, Smallholder Farmers and Digital Innovations
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