January 26, 2021

Agriculture Industry

Provide level playing field to Agri-NBFCs in Budget 2021-22edit

Agriculture Post – Online

Agriculture and allied activities employ more than 50 percent of the workforce and yet remain largely unorganised and fragmented. Even after showing the silver lining during the gruelling economic slowdown induced by an unforeseen pandemic, the Indian agribusiness is not flourishing to its full capacity. Lack of knowledge about the advantages of modern and scientific agricultural practices, and depleting natural resources, are adding to the distress in the sector. The Government of India has taken multiple measures to bring radical and profound changes to the sector, but the reality remains that change is coming at a much slower rate than required, especially when it comes to farmers receiving adequate credit. Agriculture requires substantial capital commitment, as ...

Agritech industry awaits union budget with heightened expectationsedit

Agriculture Post – Online

We have yet again reached that time of the year when the industry awaits the annual budget with heightened anticipation and expectations. For me personally, a conducive budget is likely to considerably improve the business prospects. And thereby, we expect Prime Minister Narendra Modi and Nirmala Sitharaman to deliver on the hopes and aspirations of the agritech sector.

Although fairly nascent in India, the sector has the potential to improve productivity by manifold, if provided with the right kind of incentives and opportunities. At a time, when the farmers are not entirely convinced about the new farm laws, it is the perfect opportunity to provide them with avenues that would improve productivity significantly.

For this, the ...

Agri financing, warehousing key requirements for Indian agri economy; these two sectors may benefit farmersedit

Financial Express – Online

Agriculture inarguably is the mainstay of the Indian economy and the role of the agriculture sector in India’s economy cannot be understated. The sector has a massive indirect impact on allied sectors of the rural economy and the manufacturing & services segments of the national economy. Like Agriculture, the Agri Warehousing & Agri Financing sectors are also the key enabler of growth for India’s Agri-economy and the development and growth of these two sectors will ultimately benefit the farmers.

There are two pillars of post-harvest agriculture in India, the first is storage and the other one is the preservation and Agri Financing. India has two crop cycles Rabi and Kharif and the crops harvested in these ...

How Agritech Can Spearhead The Post–Pandemic Rural Economy Revivaledit

Inc42 – Online

The year 2021 is the year of ‘change’ as the world prepares itself to battle the unprecedented challenges posed by the Covid-19 pandemic. According to a report released by World Bank in June last year, the global economy plunged into a recession, last experienced during World War 2! Earlier this month, National Statistical Office, Ministry Of Statistics & Programme Implementation, Government Of India released a press note on ‘First Advance Estimates Of National Income 2020-21’.

According to an EY India Report released in August 2020, the agriculture sector contributes to 16% of the country’s GDP and provides employment to 43% of the total workforce. Employing almost half of the country’s population and having a significant share in ...

Agri-food startups to play a key role in developing a self-reliant India: Dr. Nishankedit

India Education Diary – Online

Shri Ramesh Pokhriyal ‘Nishank’ flagged off the Agri-Food Techathon at IIT Kharagpur and also laid the foundation for Agri-Business Incubation Centre, which will incubate innovative ideas in agriculture and food technology domain for creating Agri-preneures.

Addressing the first Agri-Food Techathon organized by NABARD and IIT Kharagpur, Union Education Minister Dr. Ramesh Pokhriyal ‘Nishank’ said that the country’s agricultural sector, including our farmers, our villages, are the pillars of self-reliant India. If they remain strong then the foundation of self-reliant India will be strong and I believe that the role of agri-food startups will be very important in developing a self-reliant India.

AgNext — cultivating tech to analyse farm produce quality in 30 seconds!edit

The Hindu Business Line – Online

Start-up hopes to revolutionise food testing with an ‘MRI-like scanner’

Among the many problems that beset Indian agriculture is the absence of quality standards in the proverbial farm-to-fork food chain.

Budget

Union Budget 2021: Agriculture remains key for rural India, here’s what more can be done for farmersedit

Financial Express – Online

Indian Union Budget 2021-22: Agriculture is the mainstay of India’s rural economy. This was proven yet again during the current challenging times – when the sector remained the only silver lining amid the dark clouds of the Covid-19 pandemic. Government of India has brought significant reforms in the agriculture sector which are crucial for long term prosperity of the nation and enhancing the profitability of 120 million small and marginal farmers with landholding of less than two hectares. Going forward, unlocking the true potential of Indian agriculture requires continued efforts and strategies which includes technology-led growth. Long-term sustainable growth is possible in agriculture only when the sector is made competitive and remunerative for farmers.

Stubble Burning

EMC to improve energy efficiency in farm sectoredit

The Hindu – Online

Webinars help farmers with tips on energy-efficient use of machinery

The Energy Management Centre (EMC), the State-designated agency for energy efficiency initiatives, has kicked off activities aimed at improving energy efficiency in the farm sector, particularly in the use of agriculture pump sets.

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