
Pearl farming: How Jharkhand is training farmers to turn mussels into gold with 10x returns
The transformation gained momentum when the Centre notified development of Hazaribagh as the first pearl farming cluster with Rs 22 crore investment under the Pradhan Mantri Matsya Sampada Yojana (PMMSY) in collaboration with the Jharkhand government.
Ranchi, Jul 13 (PTI) Jharkhand is rapidly emerging as India's freshwater pearl farming hub, with the state government and Centre implementing comprehensive training programmes and infrastructure development to transform this niche sector into a major livelihood opportunity for rural youth and farmers.
Training revolution takes root The Purty Agrotech Training Centre, established in Ranchi in 2024 using corporate CSR funds, has emerged as the nerve centre of this training revolution. The facility has already trained over 132 farmers from across the state in advanced pearl culture techniques, with these trained farmers now cascading their knowledge to others in their respective districts, creating a multiplier effect.
'Training is the backbone of successful pearl farming. We are focusing on round pearl culture as it fetches more returns compared to designer pearls,' said Budhan Singh Purty, a mechanical engineer from NIT Jamshedpur who runs the training centre and has become one of the state's few surgical experts in round pearl cultivation.
The training programmes emphasise skilled surgical grafting techniques, use of specialised instruments, and careful post-surgical management — critical factors that determine survival rates and quality of pearl production. This focus on technical expertise is crucial since culturing round pearls demands precision to ensure high survival rates and quality production.
Recognising the sector's potential, St Xavier's College, Ranchi, has introduced certificate courses in pearl farming ranging from six months to one-and-a-half years, integrating academic research with practical field experience.
'Pearl farming is going to be a rising sector in Jharkhand and provide job opportunities to youth. The knowledge of science along with field experience will help develop enterprising skills,' Professor Ritesh Kumar Shukla told PTI.
Compelling economics drive adoption The state's emergence as a pearl farming hub is driven by compelling economics — round pearls can be cultivated in backyard settings using cement tanks, buckets, or fish tanks, and yield profits of more than ten times the investment. The cultivation can be done in small spaces, making it accessible to small farmers and youth seeking alternative livelihoods.
The economics are straightforward: it costs Rs 35-50 to nurture one mussel for three years until it produces a pearl, which then sells for up to Rs 1,000, depending on quality. This means farmers can expect significant returns on relatively modest investments.
Success story: From engineer to pearl entrepreneur Budhan Singh Purty's journey exemplifies the sector's potential. The 46-year-old engineer has scaled up from 5,000 mussels in 2014 to 1.7 lakh mussels currently. With an investment of Rs 6.5 lakh, he expects to earn Rs 32 lakh from his upcoming harvest.
'I started pearl farming with 5,000 mussels in a pond in naxal-affected West Singhbhum. Now more farmers are encouraged to take up pearl farming, helping them come back to the mainstream,' Purty said.
Using his engineering background, Purty has developed indigenous surgical tools costing Rs 3,600 to manufacture, compared to imported alternatives that cost up to Rs 25,000. 'As pearl farming expands in the state, there will be huge demand for surgical tools. There is scope to set up a unit to manufacture surgical tools,' he said.
Purty has established supply chains with TRIFED, Tata BigBasket, IndiaMART, and also supplies to Surat for export purposes, demonstrating the market potential for Jharkhand's pearl production.
Government support and future plans State Fisheries Department Director H N Dwivedi emphasised the huge potential to promote natural pearl farming as a cottage industry in Jharkhand, providing employment to youth.
'Currently, NABCONS (NABARD Consultancy Services) is conducting gap analysis and soon the action plan to develop Hazaribagh cluster will be ready,' Dwivedi said.
The state has also proposed setting up a brood bank of Vietnamese mussel species Hyriopsis Cumingii and sought funds from the Centre under PMMSY.
The National Fisheries Development Board (NFDB) has reported that 1.02 lakh pearls were produced from Hazaribagh district alone, indicating the sector's growing scale.
Science behind pearl production Mussels, bivalve molluscs found in both freshwater and marine environments, play a central role in freshwater pearl production as living hosts that secrete nacre to form pearls over a three-year period. The process requires careful management and monitoring to ensure optimal conditions for pearl formation.
The focus on freshwater pearl cultivation in Jharkhand leverages the state's natural water resources while providing a sustainable livelihood option that can be scaled from small backyard operations to larger commercial ventures.
As this sector continues to expand, Jharkhand is positioning itself not just as a production hub but as a centre of excellence for pearl farming training and technology development, potentially transforming the economic landscape for rural communities across the state. PTI LUX TRB
This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Economic Times
16 minutes ago
- Economic Times
RailTel shares in focus after securing Rs 264 crore deal for Kavach safety system
Shares of state-owned RailTel Corporation of India will be in focus on Tuesday after the company announced it has received a work order worth Rs 264 crore (inclusive of taxes) from East Central Railway for the implementation of the Kavach system—India's indigenous Train Collision Avoidance System (TCAS). ADVERTISEMENT The project involves deploying Kavach over 607 route kilometres of low-density railway track under the jurisdiction of East Central Railway. The contract is scheduled for completion by July 14, 2027. Last week, RailTel also secured a separate order worth Rs 17.47 crore from the General Administration Department (GAD) of Chhattisgarh. The scope of this contract includes the implementation of an integrated communication infrastructure comprising WLAN, LAN, EPABX systems, network connectivity, hardware procurement, commissioning, and long-term operations and maintenance. This project is expected to be completed by January 14, 2031. The latest contract adds to a string of significant orders RailTel has received in July, bringing its total order value for the month to over Rs 130 crore. Also Read: SBI, HDFC Bank among 10 banking stocks in Antique's top picks that may rally up to 50% ADVERTISEMENT According to Trendlyne data, the average target price for RailTel shares is Rs 270, implying a potential downside of 34% from current levels. The lone analyst tracking the stock has given a 'Strong Sell' recommendation. RailTel shares have gained 9% over the past six months and have surged 195% over the last two years. The company currently commands a market capitalization of Rs 13,148 crore. ADVERTISEMENT RailTel, a Navratna public sector undertaking under the Ministry of Railways, is one of the largest neutral telecom infrastructure providers in India. Also Read: Brokerages initiate coverage on Delhivery, 7 other stocks; up to 33% upside seen (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)

Economic Times
16 minutes ago
- Economic Times
IT crowned 2025's worst sector: Are TCS, HCL Tech no longer buy-and-hold stocks?
Long revered as the ultimate buy-and-hold stocks for long-term investors, largecap IT stocks are now losing their charm with the Nifty IT index becoming the worst performing sector by plummeting 14% this year amid slowing growth and AI-led tech disruption. The dramatic reversal has left sector bellwether TCS shares down 21% in 2025 and trading 30% below its 52-week high, with peers like Infosys, HCL Tech, and Wipro all posting double-digit losses. ADVERTISEMENT The sector's structural transformation has prompted a fundamental reassessment of investment strategy. HSBC delivered a stark warning that fundamentally changes the IT investment playbook: "IT stocks (especially top-tier IT companies) are no longer five-year buy-and-hold compounding stocks; they now require a lot more active management around their cycles/volatility," HSBC analysts wrote. "The long-term stock return trajectory gradient will not only be lower than in the past, but stocks will also be a lot more cyclical around this mean path." This represents a seismic shift for a sector that once delivered consistent compounding returns, now relegated to cyclical trading territory requiring active management. Also Read | HCL Tech Q1 Results: Cons PAT slips 10% YoY to Rs 3,843 crore The institutional abandonment tells the story of lost confidence. FII holding of IT Services has plunged to a 13-year low, while DII ownership has also fallen sharply recently. This massive institutional exodus has accelerated the sector's decline as smart money flees what were once considered India's safest large-cap bets. ADVERTISEMENT TCS's soft Q1 numbers crystallized investor fears, with revenue missing consensus estimates as it fell 3.3% quarter-on-quarter in constant currency terms. The disappointing performance from the sector leader confirmed that all Tier-1 players are expected to report muted constant currency quarter-on-quarter revenue growth in Headwinds Mount ADVERTISEMENT The sector faces a perfect storm of challenges that extend far beyond typical cyclical pressures. IT stocks are being battered by weak discretionary spending by clients, macro and geopolitical uncertainty, and AI-led tech disruption that threatens traditional business Global explained the revenue growth trajectory challenges: "The revenue growth trajectory for IT companies in the last few quarters was impacted by: i) slower client decision-making amid macro uncertainties, b) re-prioritization of spending, with increased focus on cost efficiencies and optimization, which usually have a slower revenue conversion cycle, and c) focus on projects with immediate RoI." ADVERTISEMENT "FY26 is expected to commence on a subdued note for IT players, as clients remain cautious on tech spending, particularly discretionary spending. Elevated macro and geopolitical uncertainty dampen the outlook for IT spending and could delay a broad-based recovery in client spending," Emkay analysts added. Also Read | Wipro, Infosys and other IT stocks fall as weak TCS results, macro uncertainty weigh on sentiment ADVERTISEMENT HSBC's medium-term outlook paints a sobering picture: "Growth for the sector has been low single digits in the past two years (FY24/25), owing to a high base, GCC expansion, GenAI ambiguity and above all weak/uncertain macro. FY26 is likely weak as well due to tariff impact. We maintain our long-standing expectation of 4-5% CAGR sector growth over the medium-to-long term. With a low base of three years (FY24-26), we expect a revival in FY27."This represents a dramatic comedown for a sector that once delivered high-teens growth rates veterans are increasingly bearish on largecap IT prospects. Samir Arora delivered a blunt assessment recently saying that IT services is not a great Street veteran Nischal Maheshwari sees limited hope in the near term: "Within the IT space, you have to look for the midcaps. There you might still look at a 10-12% kind of growth.'"We have still not seen demand coming back strongly in the US and till tariff issues get out of the way, I do not think so there is going to be a fresh commitment of any capex across the world. So, we have to wait for a couple of more quarters or at least for one more quarter before we are going to start seeing some demand coming back. So, the second quarter also is going to be a wash out only for IT," Maheshwari technical picture looks equally grim. Samco Securities identified a classic Head and Shoulders pattern: "The Nifty IT index is forming a classic Head and Shoulders pattern, a time-tested sign that often hints at trend exhaustion. After a strong rally, the left shoulder and head have already formed, and now the right shoulder is taking shape. The neckline sits around the 31,500 mark, acting as a crucial support. If the index breaks below this level, it could trigger a deeper correction.""What makes this more serious is the timing, global headwinds like rising US tech tariffs are adding pressure. This isn't just a chart pattern; it reflects both technical and fundamental stress. Watch closely, this pattern could be the market's way of ringing the bell before the party ends," Samco analysts James, Chief Market Strategist at Geojit Investments Limited, reinforced the bearish outlook: "Nifty IT index charts suggest strong selling pressure and a lack of buying interest. The weekly MACD histogram has formed a reversal candle, reinforcing the bearish sentiment. From a derivatives perspective, most constituent stocks have witnessed short additions on both daily and weekly timeframes, indicating sustained bearish positioning. This could potentially drag the index down towards the 37,050 level in the near term.""Any such recovery is likely to be met with renewed selling pressure. A sell on rise strategy may be employed," James verdict is increasingly clear: India's IT sector has entered a new era where the old rules of buy-and-hold investing no longer apply, forcing investors to fundamentally rethink their approach to what were once considered the market's most reliable compounders. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
&w=3840&q=100)

Business Standard
22 minutes ago
- Business Standard
Govt asks states to align job schemes with ₹99,446-cr ELI programme
The Centre has called on states to align their employment-oriented initiatives with the newly launched Employment Linked Incentive (ELI) Scheme. This move is aimed to maximise job creation, deepen formalisation, and strengthen the country's employment ecosystem. Chairing a high-level virtual meeting with state labour and industry ministers on Monday, Union Labour & Employment Minister Mansukh Mandaviya said, 'Labour and industry are two sides of the same coin. Both must work in close coordination for the greater good of the nation's workforce and economy.' Mandaviya urged the state governments to integrate their existing employment programmes with the ELI scheme's objectives to ensure coordination and avoid duplication of efforts. Referring to the Reserve Bank of India's KLEMS data, Mandaviya noted that over 170 million employment opportunities were generated over the past decade, mainly in sectors such as construction, manufacturing, and services. 'We must build on this momentum. The ELI Scheme is a strategic tool to do so,' he said. What is the Employment Linked Incentive scheme? The Employment Linked Incentive scheme, or ELI, is a central government initiative aimed at accelerating formal job creation by providing financial incentives to employers who generate net new employment, particularly for the youth. The scheme has a total outlay of ₹99,446 crore and targets the creation of 35 million jobs within two years. The ELI scheme is seen as the next major step after the Production Linked Incentive (PLI) programme. 'The ELI Scheme represents the next step in building an Atmanirbhar Bharat. It is a win-win for employers and job seekers alike,' Mandaviya said, adding that procedural formalities have been simplified to ensure ease of access and mass adoption. Ministry secretary Vandana Gurnani added that the first instalment of incentives under the scheme would be disbursed following six months of continuous employment. Gurnani added that the scheme also seeks to extend social security coverage and improve employability, particularly in the manufacturing sector. States to hold district-level meetings on ELI This meeting was well received, with ministers from states including Gujarat, Assam, Bihar, Madhya Pradesh, Jharkhand, Chhattisgarh and Arunachal Pradesh expressed support for the scheme and assured cooperation in its rollout. While many agreed to align their state-run employment initiatives with the ELI scheme, others also suggested holding district-level awareness programmes, in a bid to encourage collaboration with industry chambers and local businesses. [With agency inputs]