Agritech startups Saurabh Agarwal explain sustainable farming options

Image source: INDIA TV India’s agricultural sector supports nearly 60% of the rural population.

India is known worldwide for its agricultural prowess. India’s agricultural sector supports nearly 60% of the rural population. The semi-annual GVA of agriculture and related sectors is estimated at 18.8% of total GVA in FY22. Between April 2020 and February 2021, the export of agricultural and related products was Rs 2, 74 lakh crore, up from Rs 2.31 lakh crore between April 2019 and February 2020. This is a big leap of 18.49%.

Available data suggests that there are many opportunities for agritech companies and start-ups to thrive in the agricultural market.

India is poised to meet growing food demand and double farmers’ incomes through innovative methods such as protection farming.

According to one estimate, if all of India’s farmland were used for protection agriculture, the market would be worth $6 billion. The main reason for the low adoption rate, however, is that farmers don’t know much about protection farming and how their produce might be exposed.

The need for sustainability in agricultural space

Indian Television - Agriculture

Image source: INDIA TVAvailable data suggests that there are many opportunities for agritech companies and start-ups to thrive in the agricultural market.

All over the world, people depend on agriculture to meet their basic needs. As the world’s population grows, so does the demand for food, posing the threat of resource scarcity. Thus, it is essential for everyone to save dwindling resources and implement methods such as protection agriculture to achieve sustainable agriculture.

The 2030 Agenda states that all areas, but in particular agriculture, should be looked at from three different angles: economic, social and environmental.

Sustainable agriculture encourages the use of non-renewable resources in moderation. He advocates for reduced land use, a shift to renewable energy and reducing soil pollution.

Protection farming is a method that uses a variety of tools, techniques, and technologies to help plants grow despite unpredictable weather, weeds, pests, and other adverse conditions. Farmers can produce a wide range of fruits, flowers and vegetables all year round, which is more profitable because crop covers, shade nets and mosquito nets are used around the crops.

It is therefore essential to make farmers aware of these practices. Fortunately, agritech startups like GROWiT have sprung up all over India. These companies are helping Indian farmers adopt sustainable farming methods and giving them access to new tools and solutions.

Agrotech solutions

Agritech startups are constantly striving to improve their agricultural products and operations to mitigate the effects of the unpredictable weather of the current environmental catastrophe. Agritech companies provide farmers with products such as mulching films, mulching machines, shade nets, grow covers, grow bags, vermi beds, weed mats, insect nets, agricultural wires, etc.

Additionally, farmers can benefit from a variety of schemes offered by the companies. Farmers take notice of agritech companies such as GROWiT’s warranty, guarantee and buyback program. The company recycles used products, which also helps reduce the overall carbon footprint.

According to Invest India, the country’s agritech industry will grow to US$24.1 billion in the next five years from its current size of around US$204 million. The rise has been greatly aided by the rise of artificial intelligence and other innovative technology ventures in the Indian agricultural space.

According to the Department of Promotion of Industry and Internal Trade (DPIIT) study, the Indian food processing market received about $10.43 billion in capital from foreign direct investment between April 2000 and June 2021.

The government encourages the use of drones in agriculture and offers financial assistance through its “Agricultural Mechanization Sub-Mission”. In this vein, the government has also set up 729 Krishi Vigyan Kendras at district level across India to encourage the use of technology and improve the food chain.

The government has extended its support for sustainable agriculture and practices such as protection farming by promoting sustainable methods. These practices will promote the expansion of agritech businesses while contributing significantly to the development of a resilient agricultural ecosystem.

(Author Saurabh Agarwal is the Director and CEO of GROWiT India Pvt. Ltd, the country’s first Direct-to-Farmer (D2F) protective agricultural agritech company.)

(Disclaimer: The opinions expressed in this article are those of the author. They do not reflect the views of India TV)

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