Vikas Nahar's enterprise does Rs 40 cr a month on average, selling exotic and local nuts processed at 16,000 sq ft of processing space that he now plans to scale up by another 100,000 sq ft
Nearly 90% of the 865-plus factories have shut down, over 80% of 3,00,000 workers are jobless; most units have become NPAs
The global popularity of the kidney-shaped nut has been growing faster than any other tree nut, even almonds. Demand for cashew nuts jumped 53 per cent since 2010 and outpaced production in at least four of the past seven years, industry data show. Now the worst drought in a century for Vietnam, the largest exporter, is raising concern that supplies will be even tighter in a market valued at $5.2 billion