Issue Date: May 15, 2003
in a bid to promote crop diversification, the Punjab government is venturing into contract farming of basmati rice, oilseeds and durum wheat (see: Down To Earth, February 15, 2003). The state-run Punjab Agro Industries Corporation (paic) will collaborate with Rallis India Limited, icici Bank and lt Overseas Limited for growing basmati on 12,140 hectares (ha) of land.