Dabur India Ltd., the household goods maker controlled by the billionaire Burman family, is expanding in the rural market of the world’s second-most populated nation to revive sales that grew at the slowest pace in two years.
Sugar mills in India’s biggest growing region will extend a shutdown to curb losses after the government retained cane prices at a record high, potentially curbing output in the world’s second-largest producer.
Mahindra & Mahindra Ltd., India’s biggest tractor maker, forecasts it will outperform the industry this fiscal year as a shortage of farm hands, rising labor costs and the best monsoon rains in six years drives demand.
India, the world’s second-biggest grower of rice and wheat, may produce a record quantity of food grains in the 2013-14 season as planting expands after monsoon rains covered the entire nation early, Agriculture Minister Sharad Pawar said.
Bajaj Hindusthan Ltd. , India’s biggest sugar maker, and its domestic rivals surged in Mumbai after the farm minister said the time is right to scrap controls on the producers amid forecasts for a rebound in the country’s output.
India, the world’s biggest consumer of sugar, is planning to increase ethanol production to protect mills from falling prices of the sweetener as the country expects a bumper crop next year, Farm Minister Sharad Pawar said.
India, the world’s biggest buyer of palm oil and lentils, plans to provide financial incentives to farmers to boost domestic production and pare reliance on imports in the next five years, Farm Minister Sharad Pawar said.