How is technology helping the seed sector thrive?
Every facet of our lives is undergoing a rapid transformation as a result of the application of technology. Not one exception to this pattern may be seen in the agriculture and seed industry. Seed firms can develop novel, efficient, and speedier technologies for the production of new genetics that can be supplied through seeds due to the growing knowledge base of biological sciences mixed with information technology. Agriculture is facing numerous difficulties due to the depletion of natural resources, the influence of rapid climate change, and the growing demand for the development of instruments for sustainable agriculture. We believe that the utilisation of the aforementioned instruments has the potential to offer long-term solutions for overcoming these issues and assisting in the fulfillment of the agri expectations. For instance, the application of technology could help reduce the amount of fresh water and chemical fertiliser used for farming.
How has FDI in seed manufacturing strengthened the seed industry in the country?
Since the late 1980s and the early 1990s, when a new seed policy was introduced, foreign direct investment (FDI) in the seed business has been permitted in India. The liberalisation of FDI was a significant factor in the acceleration of the development of the Indian seed industry, as well as the introduction of innovation and technology. In the long run, it is essential to cultivate such an environment for the seed industry to provide farmers with improved goods and technology, hence strengthening the overall competitiveness of Indian agriculture and improving the quality and productivity of our crops.
This story is from the AgroSpectrum India May 2024 edition of AgroSpectrum.
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This story is from the AgroSpectrum India May 2024 edition of AgroSpectrum.
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