Considerable developments in the Indian agri-sector including technological transformation, contribution by startups and private players like 24 Mantra Organic, Adani Group and farm bill is overcoming the sluggish growth of the sector
India has come a long way in the field of agriculture and is now one of the top ten global exporters in agriculture products. One of the most pertinent modifications adopted by India is the one that made the nation capable of feeding its population. India has now emerged as the largest exporter of rice globally and the government’s food cabinet is overloaded with more than 100 million tonnes.
The industry needs to be hammered away with substantial initiatives in educating, training and equipping farmers with income generating techniques, by both government and private sector for proliferating growth. With the new farm law and private sector players like Adani Group, 24 Mantra Organic, Nimble Growth etc., set to transmogrify the modus operandi, several startups have ventured into the domain considering the prodigious scope for development.
Those working with farmers profess that the new reforms are pivotal to free them from vested interests and sluggish productivity. The advent of new business in the sector has started attracting required investments. The sector’s key developments include precision farming and multiple startups have taken an interest, especially in strategic farming.
These startups are using applications to communicate with the growers, advising them on the most suitable time for particular crops, irrigation patterns and application of fertilizers and nutrients. Farmers are being alerted at least 15 days in advance by a couple of companies.
Then, there are established entities which foresaw the scope of development in the sector much before the advent of Adani Group farm bill. Adani Group, Cargill, Unipro Technologies Pvt. Ltd., Baramati Agro Ltd, Organic Tattva etc., established requisite infrastructure as well as educated and trained farmers to enhance their incomes.
These startups are leveraging technology to keep farmers informed on the quality and the expected price of their yield. Some have extended their services for storage and preservation of their crops in cold rooms and other scientifically designed infrastructures.
Thanks to startups, established players like Cargill, ITC, Adani Group, farm bill, much-needed competence and funding has been introduced to the sector. This has made the farmers realize how technological transformation and legislative support can turn their lives around and introduce variability in their yield, optimize profitability, sustenance and land protection.