A green agri-business project for the India’s sugar industry presented by the students of National Institute of Agricultural Extension Management , won the award of best agri-business plan in “Krishi Dhan”.
A green agri-business project for the India’s sugar industry presented by the students of National Institute of Agricultural Extension Management (MANAGE), won the award of best agri-business plan in “Krishi Dhan”, a first of its kind initiative committed to the sustainable development of the agriculture sector in India, organised by The Energy and Resources Institute (TERI).
The project on green cane wax, is an initiative never tried before by the industries in India, uses the waste coming out from the sugar industry.
“Currently, we produce only paraffin wax made from petroleum products and vegetable wax. We have prepared a plan to use the waste coming from the sugar industry to prepare cane wax. One of the main advantages of it, is the eco-friendly nature of it and another feature is the process’s economical viability,” said Vikram Singh, team member of MANAGE.
“Our plan also includes the huge unemployed population of the country, which will be benefited from it. There is a huge potential, even for the wax industry and it has a lot of scope to expand,” added Singh.
The winners of the competition added that, the byproduct of the company would be used for compost preparation thereby ensuring no wastage.
Anand Lalwani, regional coordinator, TERI-Maharashtra, said that the projects were chosen considering the economical viability of it. “We had a jury of eminent people from the corporate and research sector. The panel awarded the project scrutinising whether the project can actually be a reality if they decided to launch,” he added.
TERI’s Krishi Dhan is conducted in association with governments of Maharashtra and Goa.
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