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Latest Agricultural News, Crop Prices, Farming, Agri Business News | The HinduBusinessLine

Basmati exporters urge govt to suspend ₹83/tonne levy amid delayed payment, shrinking margin India could limit sulphur exports as supplies tighten, sources say China resumes buying broken rice from India Hot, dry conditions may prevail over most of North-West, Central India for another week IMD issues intense heatwave warning for several parts of Maharashtra Kerala fisheries sector hit by fuel shortage & rising kerosene prices ITC makes history with India’s first FSA 3.0 certification for wheat, paddy NSRCEL, Pernod Ricard India Foundation conclude 3rd cohort of Circular Economy Incubation Programme India’s sugar output up 8% at 27.39 mt as of April 15 NAAS suggests govt to consider one-time licensing for imported horticulture hybrids Polavaram project: Construction of ECRF dam to be be completed by March 2028 Climate-hit Kashmir saffron farmers battle rising porcupine menace India targets cocoa self-sufficiency by 2040 with national mission and reforms Avi Polymers launches KrishiBuddy AI platform to transform smart farming in India India gets imported Urea offer at $935, $959 per tonne Indian agriculture sector under threat by below-Normal Monsoon, El Nino, and West Asia war: ICRA Hindustan Zinc’s DAICHI launches products on retail and quick commerce platforms Oppressive heat conditions to spread out over Central and East India from today Global fertilizer supply crunch tightens farm economics India's green fuel plans collide with farmers' water fears Madhya Pradesh CM says basmati rice from the State is exported to 47 nations NAAS calls for developing smart alternate fertilisers to achieve self sufficiency TRI launches agri-voltaic project to help farmers earn double income Temperatures may trend up over North-West, Central India until weekend Global coffee prices rise as fertiliser costs and West Asia tensions threaten supply India’s soyabean imports surge to 3.09 lakh tonnes during Oct-Mar 2025-26 oil year IMD forecast of below-normal Indian monsoon 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Agri land, factories in Tanzania offer new avenues for Haryana farmers, entrepreneurs
2026-05-03 · via Latest Agricultural News, Crop Prices, Farming, Agri Business News | The HinduBusinessLine
Farmers stand near the wheat crop, in Kanpur on Saturday.

Farmers stand near the wheat crop, in Kanpur on Saturday. | Photo Credit: ANI

Farming and doing business in Tanzania have become lucrative avenues for the people in Harayana, with the state government, along with the Centre, expanding trade ties with the East African nation.

Farmers and entrepreneurs have started exploring the Tanzanian markets after Haryana began a push for investment opportunities in that country.

To enable farmers to pursue agricultural ventures, the Haryana government, with the support of the Centre, has signed a Memorandum of Understanding (MoU) for one lakh acres of farm land in Tanzania, Chief Minister Nayab Singh Saini said.

Saini said that trade cooperation with African countries is being continuously expanded, with key sectors such as mining, plywood, agriculture, and IT being prominently included, according to an official statement.

Somveer Ghasola from Dadri near Bhiwani is among those who have bought land in Tanzania. Ghasola, 58, has also set up a mining business near Tanzania's capital, Dodoma.

According to him, the African country offers vast tracts of fertile land at very cheap rates, which is suitable for growing all kinds of crops. Access to global markets is also available, which makes the business venture more viable.

On a big chunk of land that he has bought, Ghasola said it is suitable for growing rice, sugarcane, cashew and other crops.

"The land is mineral-rich, and whatever you grow, you will have a very good crop. The land lies between the Tanzanian city of Dar es Salaam and the country’s capital, Dodoma. I am reaping benefits after I took the decision to explore the Tanzanian market," he told PTI over the phone.

Initially, when Manohar Lal was Haryana's Chief Minister, he motivated us to explore the foreign market and set up ventures.

"Haryana's Foreign Cooperation Department and the state government are facilitating us. In Tanzania, the local people and the government are quite welcoming, and they respect Indians quite a lot. The governments on both sides facilitate and help us in every way," said Ghasola, who first visited Tanzania as part of a delegation of entrepreneurs in 2024.

He also suggested that those youth who take the "dunki route", the risky and illegal routes to reach Europe and the US, should think of exploring markets in African nations like Tanzania to set up their own ventures.

Shiv Kumar Kamboj (49), an entrepreneur from Haryana's Yamunanagar, acquired a factory from a Chinese national in Tanzania a few months back and is now running the profitable venture.

"In that factory, we process eucalyptus wood into core veneer (the inner, structural layers of plywood)," said Kamboj, who has two plywood factories in Haryana's Yamunanagar.

"We prepare this raw material (core veneer) in a Tanzanian factory and bring it here and use it for ourselves and also give it to other entrepreneurs in the plywood business," he said.

Asked about the economic viability of his business, he said, "The cost of wood in Tanzania is one-fourth of what it is back home. Besides, the labour is also cheap".

"Also, the Foreign Cooperation Department, Haryana government, has been assisting us. I had gone to Tanzania nearly three years back. Last year I purchased a factory there," he said, adding, "The people and government there welcome us with open arms." Haryana Industry and Commerce Minister Rao Narbir Singh said that the state is writing a new chapter of industrial growth and building a strong global identity.

Singh said that Haryana has explored trade and investment opportunities not only with developed countries but also with African nations.

In this regard, a Haryana government delegation will visit Tanzania for seven days later this year to participate in the 50th Dar-es-Salaam International Trade Fair (Tanzania's premier trade event), where a Haryana pavilion will also be set up.

Singh said that African countries have rich mineral resources and affordable farming opportunities.

During the minister's visit, representatives from farming, trade, IT and pharmaceutical industries will join the delegation and work towards increasing cooperation with Tanzania in these areas, he said.

Published on May 3, 2026