UP govt, World Bank in talks for Rs 39.03 billion agricultural project
ECONOMY & POLICY

UP govt, World Bank in talks for Rs 39.03 billion agricultural project

The Uttar Pradesh government, along with the Department of Economic Affairs (DEA) and the World Bank, engaged in negotiations for the Rs 39.03 billion Uttar Pradesh Agricultural Growth and Rural Enterprise Ecosystem Strengthening project. Chief Secretary Manoj Kumar Singh represented the state in discussions held in New Delhi.

This six-year initiative aims to boost productivity in agriculture and allied sectors, connecting smallholder farmers with high-value commodity clusters. Singh emphasised the project's role in Uttar Pradesh's goal to reach a trillion-dollar economy by 2030. Key areas of focus include developing high-value crop clusters and a robust fisheries sector, particularly in the eastern and Bundelkhand regions.

The project will introduce a digital agriculture platform to offer farmers real-time insights, aiding in resource optimisation, resilience, and productivity gains. Chief Secretary Singh expressed confidence that UP farmers, with access to national and international best practices, could achieve remarkable growth.

Discussions highlighted core components such as climate-resilient productivity, value-added commodity clusters, and enhancement of digital and financial ecosystems. With Jewar airport expected to open by mid-2025, new export opportunities will further support local agriculture.

World Bank's Country Director for India, Auguste Tano Kouam, affirmed the institution’s commitment to support this transformative project. The World Bank's board of directors is expected to review and potentially approve the project by mid-December 2024. (Business Standard)

The Uttar Pradesh government, along with the Department of Economic Affairs (DEA) and the World Bank, engaged in negotiations for the Rs 39.03 billion Uttar Pradesh Agricultural Growth and Rural Enterprise Ecosystem Strengthening project. Chief Secretary Manoj Kumar Singh represented the state in discussions held in New Delhi. This six-year initiative aims to boost productivity in agriculture and allied sectors, connecting smallholder farmers with high-value commodity clusters. Singh emphasised the project's role in Uttar Pradesh's goal to reach a trillion-dollar economy by 2030. Key areas of focus include developing high-value crop clusters and a robust fisheries sector, particularly in the eastern and Bundelkhand regions. The project will introduce a digital agriculture platform to offer farmers real-time insights, aiding in resource optimisation, resilience, and productivity gains. Chief Secretary Singh expressed confidence that UP farmers, with access to national and international best practices, could achieve remarkable growth. Discussions highlighted core components such as climate-resilient productivity, value-added commodity clusters, and enhancement of digital and financial ecosystems. With Jewar airport expected to open by mid-2025, new export opportunities will further support local agriculture. World Bank's Country Director for India, Auguste Tano Kouam, affirmed the institution’s commitment to support this transformative project. The World Bank's board of directors is expected to review and potentially approve the project by mid-December 2024. (Business Standard)

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code