Business Standard
Monday, Nov 23, 2009
 
drived banner
drived banner
  Advanced Search
Feedback | RSS
Content Guide
Follow us on  
||||Economy & Policy||||| 
 Section Home | News Now | Today's Paper | Features & Analysis | Politics & Public Affairs | Q&A | Columnists | BS Says
Home > Economy & Policy Live Markets | Smart Portfolios II
  Search:
Gujarat firm to start contract farming of organic banana
Kalpesh Damor / Mumbai/Ahmedabad May 14, 2008, 4:38 IST

DFV to start organic banana cultivation in 80 acres on trial basis.

After emerging as the first Indian farming company to export bananas from India, Navsari-based Desai fruits and vegetables (DFV) now plans to bank on ‘organic bananas'.

Considering the huge demand for organic bananas in the overseas countries, DFV has set the ball rolling to grow organic bananas of export quality in Gujarat.

As part of the pilot project, the company has already identified 80 acres of land for carrying out the field trials.

DFV has entered into contract farming agreements with farmers to get 80 acres of land. The company will soon kick off the trials.

"The export potential for bananas grown without using any fertilisers and pesticides is huge in the global markets. We are planning to grow organic bananas for the first time," said Ajit Desai, chairman of Desai Fruits and Vegetables.

After the trial runs, the company will cultivate organic bananas in a big way. The company is mainly into contract farming business and it brought 240 acres of land under banana crop in FY07, which increased to 720 acres in 2007-08.

With thousands of farmers making a beeline to be a part of DFV, the company plans to increase the acreage to 6,500 acres in 2008-09.

However, it will take some time before the company actually starts growing organic bananas on commercial basis.

"It takes a couple of months to make land chemical free. We have to spend great deal of time in cleaning up chemicals from the land to grow organic food. It will atleast take two years for the company to kick off organic bananas on large scale," said Pankaj Khandelwal, CEO, DFV, which apart from bananas also exports mango, pomegranate, grapes and other vegetables.

"Perhaps it will be the first instance of contract farming of organic bananas by any company in Gujarat," he added.

So far, the company has exported 50 banana containers weighing 18 tonnes mainly to middle east. However, all these containers were sent on trial basis.

Recently, the company flagged-off its 51st container of bananas, which the company termed as its first container on commercial basis.

Switzerland-based Contract Farming India AG holds a controlling stake of 84 per cent in the company.

DFV exports fruits to Japan, US, UK and Europe also. The company has also chalked out Rs 80 crore of investment for its future expansion.

The majority of proposed investment would go for infrastructure and research and development (R&D) activities. DFV has also inked a memorandum of understanding (MoU) with state-run Gujarat agro industries corporation (GAIC) to set up infrastructure for export of fruits and vegetables.

Arrow Other Stories     
- Sensex ends up 130pts
- Govt mulls to raise spectrum charges from next year
- NTPC seeks govt help to ensure RIL gas supply
- Kaya to invest Rs 100 cr on expansion
- Govt to do away with lock-in period for FDI in realty
More  
  Read Business news in 
  Get financial advisory and solutions for your projects
  Holidays starting at a delightful EMI of Rs 3481
  Switch on and say hello to Monday morning !
  Your dream home can now be a reality.
  Visit Fortis for a preventive health check-up & get a 20% discount.
  Follow the ups and downs of your investments. Try our new Portfolio Tracker
  Kolkata Dock \ Freight contract for the British Gurkhas Nepal
  Find how Midsize Businesses use ERP to gain competitive advantage
  Trading in Forex is now as easy as 1-2-3
  Discover an economical and cost effective way to market your products and services
  Giftwithlove.com: Same day delivery of Flowers and Cakes to India
  Download the E-book on the Future of Business Intelligence
  Learn Best Practices for improving customer satisfaction
  Know your customers better... download the free e-book on CRM
   Discussion Board / User Comments    
Display Name  Email-Id  
Post your comment
sudheendra
Indeed it is Great attempt. Does company interested to expand its activities around Bangalore.As Farmers still practice Traditional agricultural plus techniques of Non-chemical fertiliser&pesticides usage. I believe there is need to tsart your operations
Reply
Most Popular
Read
E-Mailed
Commented
   
- IAF orders more Tejas LCAs to replace MiG-21s
- Suzlon shifts global HQ ops back to India
- Tata docomo extends per second billing to roaming
- India denied access to 11 of 16 US dual use technology regimes
- Indian CIOs more progressive than global counterparts: IBM study
 
 More  
BS Poll
Cast Your Vote
 
   
 
Should sugar prices be decontrolled?
  Yes  No
Submit

  Hot Searches  
 
Amitabh Bachchan | N Chandrasekaran | Swine Flu | Mukesh Ambani | Anil Ambani | TCS | Infosys |  Air India |  Duronto |  Pranab Mukherjee | Sonia Gandhi | Congress | Rahul Gandhi |  Bigg Boss |  New Pension Scheme |  Service tax |  Excise duty |  Sebi | Tech Mahindra |  Ramalinga Raju |  Satyam |  Reliance  |  RBI |  GDP |  Gold |  Ratan Tata |  ICICI |  |  B-School | DLF  Sensex |  Tax calculator | Home Loan  | Bollywood | Personal Finance |  inflation | oil prices |  World Bank | Reliance Infratel |  HDFC |  Barack Obama  
 
  Member Area Write to the Editor RSS Archives Advanced Search
  Subscribe to BS print product BS e-paper Newsletter Portfolio Tracker
  BS Products BS Hindi BS Motoring
FOR HOT PRODUCTS
BS Bazaar.com
Home | Markets & Investing | Companies & Industry | Banking & Finance | Economy & Policy | Opinion
Life & Leisure | Management & Marketing | Tech World
About Us | Partner With Us | Code of Conduct | Careers | Advertise with us| Terms & Conditions | Disclaimer | Site Map | Contact Us | Feedback