Illustration by Raj Verma
P Venkat Rao, 46, a resident of Dantelaboru village in Bhadradri Kothagudem district, Telangana, started cotton farming after Class XII. The work was fraught with challenges. The yield was poor. The crop would get infected every now and then. The income was just enough to pay for basic needs of his family. His life changed when he saw a neighbour, Ramana, turn his cotton farm into a eucalyptus plantation and supply to ITC. In 2005, he did likewise, with ITC supporting him with knowledge of eucalyptus farming, soil testing and fast-growing clonal saplings. When he harvested the crop four years later, he earned Rs 3 lakh. The second harvest, in 2013, got him Rs 18 lakh. There has been no looking back after that. I own five tractors that I give on rent, he says. His income is now Rs 7,000 a day, from Rs 500 a day in 2005. He works with ITC as part of the company s forestry programme which helps marginal farmers grow eucalyptus that is used to make high-quali
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IKEA Gets About 50,000 Sqm Land For Facility In Noida; UP Govt Gets Rs 850 Cr
The company is expected to invest Rs 5,000 crore in Noida in seven years, Noida Authority CEO Ritu Maheshwari said that officials estimate job creation for 2,000 persons due to the project.
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IKEA was on Friday handed over a land parcel measuring nearly 50,000 sq metres in Noida where the Swedish furniture giant is set to start its first retail outlet in Uttar Pradesh, according to officials.
The allotment, which has been made in Sector 51, was transferred by the Noida Authority that received Rs 850 crore from IKEA for the commercial land, they said.