Agriculture and Allied Sectors

30 JAN,2022 | MEDC


 

Both the agritech and the aquaculture sectors have sought incentivization of R&D and inclusion of formal finance and insurance in the upcoming Budget. The agritech sector has also sought support from the government in terms of tax benefits to boost its progress. Experts believe that 2021 was a good year for the agritech sector, which flourished with strong investments and greater adoption of modern technologies. This ecosystem also requires a focus on infrastructure development and governance frameworks to spur greater innovation. To accelerate the Blue Revolution, a greater push is expected from policymakers to promote digital solutions across the value chain right from pre-production to post-harvest to bring predictability, efficiency and traceability. The need is to incentivize farmers with better subsidies to adopt data-driven farming, farm monitoring and automation tools, which will eventually ease and accelerate the wider tech adoption, driving the transition of our farmers towards improved productivity.

*Photo Credit: Google

 

 

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