Suumaya Industries News

Horticulture production is rapidly gaining popularity in both domestic and international markets due to its sustainable and environmentally friendly farming practices, high profitability for small farmers, and production of highly nutritious food for consumers. With the increasing demand for horticulture products, there is a growing need for innovative and efficient farming techniques to meet consumer demands and adapt to changes in the global food market. Here are some emerging trends in horticulture production that are shaping the industry and transforming the way we grow and consume food.

Centre has provided opportunities for raising people purchase power, sector leaders say

PUNE: The high priority accorded to millets in the U ..

Suumaya Industries started in 1985 and transformed in 2015 to become a new-age conglomerate specializing in the supply chain management of varied products like: agricultural commodities, PVC, metals, and textiles.

According to a 2021 Deloitte India survey, only 3.9 per cent of CFOs were women. It was up from 2.5 per cent in 2018

The company is in talks with crop input firms to become their master distributor. It is also looking to trade in nano fertilizer, too.

The King of Fruits - Mango, is facing a royal threat from the changing weather patterns and increasing temperatures due to climate change. As the largest producer of mangoes in the world, India is feeling the heat of this threat.

India has revealed its Foreign Trade Policy 2023 with the goal of reaching exports worth USD 2 trillion by 2030.

This splendid journey of Suumaya Industries was started in the year 1985 and took a new shape in 2015 It is a new-age conglomerate specializing in SCM of Agro commodities, PVC, metals, and textiles at its core. They are a collection of parent and subsidiary corporations that function as a single economic entity through a common source of control.

Suumaya Industries Limited announces 1:1 bonus issue rewarding the shareholders on Strong Reserves and Performance for FY2022 Read more At: https://www.aninews.in/news/business/business/suumaya-industries-limited-announces-11-bonus-issue-rewarding-the-shareholders-on-strong-reserves-and-performance-for-fy202220220221172948/

Suumaya Industries Limited reports consolidated revenues of INR 1,012 Crores and PAT of INR 96 Crores for Q3 FY2021-22; for the Nine Months period the Revenues were INR 11,020 Crores and PAT of INR 691 Crores Read more At: https://www.aninews.in/news/business/business/suumaya-industries-limited-reports-consolidated-revenues-of-inr-1012-crores-and-pat-of-inr-96-crores-for-q3-fy2021-22-for-the-nine-months-period-the-revenues-were-inr-11020-crores-and-pat-of-inr-691-crores20220214185417/

Suuvidham retail chain is based on Company Owned Company Operated (COCO) and Company Owned Franchise Operated (COFO) business concept.

Suumaya Industries Ltd. (NSE Code: SUULD) is an emerging diversified conglomerate group established in the year 2011. The group is backed by experienced promoters with over three decades of experience in the Textile Industry.

Suumaya Industries has continued its accelerated growth momentum and showcased exemplary performance in the first quarter of FY2021- 22 due to its diversification and aggressive growth strategy into the Agri commodities business.

Suumaya Industries Ltd. an emerging diversified conglomerate group, through its 100 percent fully-owned subsidiary Suumaya Retail Ltd. forays into a unique hybrid model of retail business for rural India.

Suumaya Industries Ltd. carves out a global niche for India and itself with Suumaya 2.0; highlights of the Annual General Meeting (AGM) Read more At: https://www.aninews.in/news/business/business/suumaya-industries-ltd-carves-out-a-global-niche-for-india-and-itself-with-suumaya-20-highlights-of-the-annual-general-meeting-agm20211001135711/

Mumbai-based ethnic apparel manufacturer Suumaya Industries has picked up a minority stake in Nysaa Retail Pvt Ltd, which runs the value retailing chain 1-India Family Mart, for about Rs 5 crore, according to two people familiar with the deal.

This splendid journey of Suumaya Industries was started in the year 1985 and took a new shape in 2015 It is a new-age conglomerate specializing in SCM of Agro commodities, PVC, metals, and textiles at its core. They are a collection of parent and subsidiary corporations that function as a single economic entity through a common source of control.

Suumaya Corporation Ltd. recommends increase in its authorised Capital from Rs 12 crore to Rs 25 crore during Annual General Meeting (AGM) Read more At: https://www.aninews.in/news/business/business/suumaya-corporation-ltd-recommends-increase-in-its-authorised-capital-from-rs-12-crore-to-rs-25-crore-during-annual-general-meeting-agm20210929145546/

25 August 2021, Mumbai: Suumaya Industries Ltd. (NSE Code: SUULD) is an emerging diversified conglomerate group having recently ventured into agri-commodity business through its 100% subsidiary Suumaya Agro Ltd. The company has acquired a majority stake of 51% in payAgri Innovations Pvt. Ltd., a tech driven agri & food business company solving the problems of key actors – Farmers, Processors and Consumers in the Agri value chain for an undisclosed valuation under the able and dynamic leadership of Mr. Ushik Gala, Chairman & Managing Director.

Prices of edible oil jumped 30-50 percent from January 2022 to April 2022 when the Ukraine conflict squeezed supplies. As markets stabilised, global prices began falling during the second half of last financial year, but the reduction was not reflected in domestic prices, the Centre has noted.

Over the years, organic farming has made an impact on the Indian agrarian sector as well as on the consumers, implying that the ecosystem is moving away from chemical means to grow crops. Even the organic market has grown quite steadily here with various initiatives such as the Paramparagat Krishi Vikas Yojana (PKVY) and the Mission Organic Value Chain Development for the north-eastern region (MOVCDNER) since 2015.

The world is currently facing the challenges of extreme climate changes, unpredictable rainfall, and disruptive weather conditions. The cause of these issues is El Niño, a climate pattern that results in the unusual warming of surface waters in the eastern tropical Pacific Ocean. These challenges are not limited to India alone but are being faced worldwide.

India is the largest exporter of rice and its numbers have been on an upward trajectory. But the country’s status is set to face some challenges as the odds are likely to get stacked against it.Rice exports have so far weathered most....

As the world becomes more conscious of reducing carbon footprints, the logistics sector is under pressure to find methods to minimise its environmental impact. Organisations are being evaluated for their supply chain’s social and environmental impact in light of growing concerns over climate change and rising temperatures. As a result, enterprises are implementing decarbonisation strategies and advocating for greener business practices, which makes the supply chain more environmentally conscious. Companies are increasingly focusing on greener logistics to lower their carbon footprint, as industries such as transportation and electricity contribute significantly to greenhouse emissions.

Over the years, farming has evolved from traditional methods to new-age Precision Agriculture (PA) and Wireless Sensor Networks (WSN). These technological advancements are the main forces behind automation in the agriculture sector. With the ever-rising food demand, precision agriculture is the need of the hour to enhance crop productivity. The market size of global precision farming was valued at over USD 9,476 million in 2022 and is expected to expand at a Compound Annual Growth rate (CAGR) of 12.6% from 2023 to 2030.

Read more at: https://www.cxotoday.com/specials/indias-future-at-risk-how-climate-change-is-threatening-food-security/

Suumaya Agro, a company that is part of the ₹22,000 crore turnover Suumaya conglomerate, plans to enter the crop input business in the second quarter of the next fiscal.

New Delhi: Union Finance Minister Nirmala Sitharaman presented the Union Budget 2023, the fifth budget of Modi 2.0 on February 1, 2023. In the last full-fledged Budget before the general elections next year, Sitharaman presented a budget that many consider could lead India onto the growth path of the future. Sitharaman announced major changes in tax slabs under the new tax regime that would put more money into the hands of the middle class and that brings cheers to many businesses from FMCG companies to retailers.

“This is an extremely progressive agricultural budget. The government has followed through on its promises. Millets are a superfood, and with 2023 being the International Year of Millets, the plan to establish a center of excellence is a fantastic idea. It will aid in raising productivity, resulting in more adoption by farmers. Another encouraging step is the establishment of 100 labs in engineering colleges for developing apps employing 5G services.

Heads of sevetsl.business houses and senior bank officials have welcomed the Union Budget tabled by Finance Minister Nirmala Sitharaman in the Parliament yesterday. IOB Budget 2023 is a balanced budget prioritizing Infrastructure & Investment, Green growth, inclusive development and reaching the last mile. Rs 9,000 crore for revamping Credit Guarantee Scheme in MSMEs is a welcome step, says Ajay Kumar Srivastava, MD&economy, Indian Overseas Bank Suumaya Agro Deepak Pareek, Chief Growth Officer, Suumaya Agro Limited, said, ‘This is an extremely progressive agricultural budget.

This is an extremely progressive agricultural budget. The government has followed through on its promises. Millets are a superfood, and with 2023 being the International Year of Millets, the plan to establish a center of excellence is a fantastic idea. It will aid in raising productivity, resulting in more adoption by farmers. Another encouraging step is the establishment of 100 labs in engineering colleges for developing apps employing 5G services.

New Delhi: The Union Budget 2023-24, presented by the Finance Minister, Nirmala Sitharaman on February 01, 2023 has left many bioscience industry leaders disappointed due to absence of any major announcements in terms of special tax rebates or special economic zones. There has been no mention of any increase in funding for government departments and regulators. However, majority of the stakeholders are appreciating the focus on digitalization and skill development across pharma, healthcare and agriculture. Here are a few reactions across all the segments:

No relief in price rise is expected anytime soon as almost all crops, including turmeric, dhaniya and jeera have long crop periods and mature towards the end of December or early January. After vegetables, spices are on fire in India. Key seasonings have clocked double-digit price increases over the past year, led by kitchen staple Jeera, or cumin, whose retail prices have shot up nearly 75 percent on-year last month.