The government has authorised FDI in agricultural fields such as development and production of seeds and planting material. Apart from this, many private entities are getting attracted towards seed companies and are investing in them. The latest example is Summit Partners, a private equity group, that has bought a minority investment in two of India's leading seed companies, Nuziveedu Seeds Ltd. and Krishi Dhan Seeds. Crystal Crop Protection Limited recently made a smart purchase from Kohinoor Seeds by acquiring the Sadanand Cotton Seeds company. Leading seed companies are also incorporating cutting-edge digital technologies to mitigate the effects of pests, climate, and other external variables on farming, propelling the market to expand. Data science, Al tools, cutting-edge phenomic analysis, and genomic sequencing are being leveraged to enhance production. However, there are certain challenges that are hampering the growth of this sector. For instance, marginal investment in R&D, short shelf life, unpredictability of demand, lack of effective monitoring mechanism, among others, are becoming a dampener in this growing sector. Let's take a closer look at the Indian seed sector and gauge the projections for the future.
Over the decades, farmers across India have evolved a complex formal, informal, and integrated seed system that began with the age-old practice of saving seeds from preceding harvests. The diversity of formal seed systems has matured and the Indian seed industry has undergone significant transformation in the past 30 years.
هذه القصة مأخوذة من طبعة AgroSpectrum India Nov 2023 من AgroSpectrum.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 8500 مجلة وصحيفة.
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هذه القصة مأخوذة من طبعة AgroSpectrum India Nov 2023 من AgroSpectrum.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 8500 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
Role of Future AgriTech-Microbots
India is one of the world's top producers of food, and its agricultural sector generates more than 20 per cent of its total GDP, highlighting the significance of agriculture to the nation's economy, according to McKinsey. However, there is an increasing awareness that the changing farming situation demands a comprehensive approach. While India continues to play an essential role in global food production, adopting this comprehensive view is critical to ensuring the agricultural sector's longterm survival in the face of changing environmental and economic forces.
"Sustainability is not an option; it is the only way forward"
Agrovision Foundation Round Table Discussion
"Precision agriculture and data-driven technologies such as satellite imagery are key to reducing costs and wastage"
The International Crops Research Institute for the Semi-Arid Tropics (ICRISAT), has developed the Agribusiness and Innovation Platform (AIP), for agricultural and agribusiness industries. AIP offers a nurturing and empowering atmosphere through its network of experienced mentors, investors, and stakeholders. In an exclusive interview with AgroSpectrum, Dr Dinesh Kumar Chauhan, the recentlyappointed CEO of ICRISAT's Agribusiness and Innovation Platform, discusses recent advancements in the AIP programme and how it can strengthen the agri-ecosystem. Edited excerpts:
Why Focus on Renewable Energy is Crucial for Indian Agri
The present government at the centre, is diligently plotting a course to reduce future imports of fossil fuels. To get there, the government is implementing many eco-friendly policies across many sectors, including transportation, energy, logistics, and cars. Similarly, this sustainable revolution is also having an impact on agriculture, which is one of India's most important sectors. Rural parts of India are set to benefit from solar pumps and grid-connected power plants thanks to initiatives like the Pradhan Mantri Kisan Urja Suraksha evam Utthan Mahabhiyan (PM-KUSUM). The world has understood the importance of renewable energy resources and safeguarding the environment at the same time. Let's explore the scope and implementation of renewable energy in the Indian agriculture sector.
Efforts to Dethrone Reigning King of SPICES?
As per the Spices Board of India the domestic spice market alone is valued at an astounding $10 billion, positioning India as the world's largest consumer of spices. With over 200 spices and value-added products exported to approximately 180 countries, India has undeniably risen as a global spice powerhouse, with exports totaling $4 billion. What's at stake here is of monumental value, one is the sheer economic worth of spices exports and second, and undeniably the most important, is the reputation of the country's exports. Let's unravel this latest controversy propped up against one of India's key exports.
Offsetting Extreme Weather Impact with TECH-DRIVEN INSURANCE
India, like many other countries, faces challenges such as weather fluctuations, pest attacks, erratic rainfall, and humidity, affecting agricultural produce. These factors lead to lower yields and income for farmers each year.
Centre directs NCCF and NAFED to procure 5 lakh tonnes of onion
In the current year, the government has directed The National Cooperative Consumers' Federation of India Ltd (NCCF) and National Agricultural Cooperative Marketing Federation of India Ltd (NAFED) to initiate procurement of 5 lakh tonnes (LT) of onion for the buffer requirement directly from the farmers as Rabi-2024 harvest started arriving in the market.
APSEZ to acquire 56% stake in Gopalpur Port Ltd
Adani Ports and Special Economic Zone Ltd (APSEZ), India’s largest ports and logistics company, has entered into a definitive agreement to purchase 56 per cent stake of the SP Group and 39 per cent of Orissa Stevedores Limited (OSL) in Gopalpur Port Limited (GPL).
FMC India launches innovative precision agriculture platform Arc farm intelligence
FMC India, an agricultural sciences company, has launched its innovative precision agriculture platform Arc farm intelligence in India.
IFFCO inks MoU with ACME to buy 2 LMT of commercial grade ammonia
Cooperative fertiliser major IFFCO has signed a memorandum of understanding (MoU) with renewable energy company ACME for supply of commercial-grade ammonia.
