With a shift of supply chains to India and deregulation of domestic agricultural markets in play, amidst the rollout of a $1.4 trillion National Infrastructure Pipeline, demand for transparency in physical commodity transactions will grow in line with rising trading volumes.
The land of Kilimanjaro and Serengeti offers investors a favourable climate, political stability and excellent links to potential export markets in Africa, the Gulf States and South Asia.
This is a textbook case of how blockchains boost the agritech business. The Agriota platform empowers India’s local communities and export prospects, while rapidly expanding the UAE’s long-term food security and serving as a showcase for bilateral embrace of emerging technology.
The $14-billion programme to build farm gate infrastructure can prevent wastage of farm produce worth $40 billion, transform the face of rural India and open up massive opportunities for foreign and domestic investors in India’s agriculture sector.
As the harvest of crops reaches record levels, thanks a decent monsoon, the authorities need to calibrate the economics of demand and supply in favour of the producer and the consumer and limit the grip of the middle-man.
Technology-based solutions are crucial for empowering smallholder farms and to help them adopt climate-resilient agriculture practices.
Himani Shah is the co-founder and CFO of Intello Labs, one of India’s leading agri tech firms which provides quality assessment of food commodities using computer vision and AI. In this interview, Himani discusses the application of AI in the Indian agricultural sector and the firm's plans for expansion into the US and South East Asia.
Rising fertiliser sales, forecasts of a good monsoon and the Modi government’s recent measures to free the farm sector from red tape all point to a possible bumper harvest this year. Since rural India accounts for more than 40 per cent of Indian GDP and 58 per cent of its population, rural prosperity will temper the effects of the Covid-induced slowdown in the manufacturing and services sectors.
Sustainable energy solutions can help India build resilience to climate and economic shocks.
NITI Aayog is collaborating with global tech giants such as IBM and Microsoft to tap AI, machine learning and IoT to transform Indian agriculture.