Action by government and agri-tech startups can revamp Indian agriculture: ETILC Members

게시됨 2021년 6월 15일

Tridge 요약

The Indian agriculture industry is set to achieve record production volumes in the upcoming Kharif season, despite the challenges of Covid-19 and the inherent issues of poor mechanization, low farmer education, inadequate storage, and logistical difficulties. The government is taking steps to improve efficiency and increase supply of necessary resources, while also considering a holistic national plan for sector improvement. The sector faces challenges such as lack of new technology, over production of grains, and monsoon dependency, but there are opportunities for growth through adoption of global best practices, diversification to high value crops, and adoption of digital technology. Startups in the agritech space are also making significant strides, with significant investment and potential for more. However, education and encouragement of farmers to use digital technology is a key challenge.

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원본 콘텐츠

By Nikita Rana, ET CONTRIBUTORS The Indian agriculture industry is gearing up for record production volumes in the upcoming Kharif season. Despite a surge in Covid-19 numbers, agricultural produce was not hampered in 2020 and doesn’t seem to be slowing down this year either. The Union government is expecting an increase in demand from the farm sector and is making arrangements to supply seeds, fertilizers and pesticides in the required amounts. However, this show of record high production is happening despite the legacy issues that Indian agriculture has been plagued with for decades. Poor mechanization, low farmer education and awareness, inadequate storage and logistical issues and small land holdings. The efficiency of the industry is also extremely low as it employs close to 60% of India’s population but contributes only 18% to India’s GDP. ETILC members from the industry have analysed which parts of the sector need to be introduced to finally make a difference. “Agriculture ...

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