Cane price hike shows govt committed to its pledge for farmers' welfare: PM Modi

Prime Minister Narendra Modi on Thursday underlined his governments commitment to fulfilling its pledge for the welfare of farmers asserting that a historic sugarcane price hike is part of such efforts reported news agency PTIThis will benefit crores of sugarcane farmers he said in a series of posts on X highlighting several decisions taken by the Union Cabinet on WednesdayThe Cabinet meeting headed by Modi hiked the minimum price that mills have to pay to sugarcane growers by Rs 25 to Rs 340 per quintal for the 202425 season starting OctoberAn official statement had said after the decision of sugarcane price hike The new FRP will ensure prosperity of sugarcane farmers It is noteworthy that India is already paying the highest price of sugarcane in the world and despite that the government is ensuring the worlds cheapest sugar to domestic consumers reported PTIReacting to other Cabinet decisions he said the step taken by it relating to the National Livestock Mission will bring exciting opportunities for entrepreneurs alongside major boosts in fodder production and breed conservationThe government on Wednesday modified the National Livestock Mission by including various activities and providing 50 per cent capital subsidy to individuals and organisations for establishing horse donkey mule and camel entrepreneurship reported PTIThe government on Wednesday also eased Foreign Direct Investment FDI norms in the space sector by allowing 100 per cent overseas investment in making components for satellites as part of efforts to attract overseas players and private companies into the segment reported PTILauding this PM Modi said Charting new orbits for growth and innovation Our government has updated the FDI policy in the space sector paving the way for a galaxy of opportunitiesMeanwhile Prime Minister Narendra Modi on Thursday gave the target of making GCMMF which owns Amul brand the number one dairy company in the world from its current eighth position reported PTIThe PM was speaking at the golden jubilee celebration of the Gujarat Cooperative Milk Marketing Federation GCMMF which markets its products under the brand Amul at the Narendra Modi stadium reported PTIWhile the global dairy sector is developing at 2 per cent per annum Indias dairy sector is developing at 6 per cent PM Modi saidToday Amul GCMMF is the eight largest dairy company in the world your target is to make it number one the government will give all its support This is Modis guarantee he said reported PTIAddressing thousands of members of the cooperative dairy union who had come from all over the state Modi said after Indias independence many brands were created but none of them is like Amul reported PTIPM Modi also said that the contribution of women is paramount in the development of the countrys dairy cooperative movementWith inputs from PTI