The Growing Use of Farm Mechanization & New Varieties via Technology
As per Agricultural experts, Ashok Gulati, “Agritech startups can steer the shift from government controlled agricultural markets towards more demand-driven digital markets”.
If there’s one sector that’s been crying out for technology and digital intervention, it’s agriculture. Agricultural technology, or agriTech is the use of technology in agriculture based on agricultural science, agronomy and agricultural engineering. It aims to improve yield, efficiency, profitability, and sustainability of agricultural operations. Technology has irreversibly disrupted the traditional agricultural value chain from how farmers access information and inputs to how they grow and sell their produce. agriTech startups are driving India’s agriTech innovations and investment story with significant private equity inflows. It is currently estimated that there are about 600 to 700 agriTech startups in India operating at different levels of agri-value chains.
The technology has disrupted the agriTech sector, allowing agriTech industry in India to grow exponentially. Indian agriTech startups are implementing technologies like, AI, data analytics, and IoT theeby making agriculture a smart profession, helping Indian farmers increase productivity and reap better yields. Technologies like blockchain, artificial intelligence, and computer vision are being leveraged to improve crop yields, supply chains, and sustainability. Due to its potential, total investments in the agTech sector for 2021 reached $10.5 billion. By 2025, the market value of the global agTech industry is expected to surpass the $22.5 billion mark.
This is has become the need of the hour, as the country is going through new phase in its race to become a developed country. Even though India is one of the country’s that depends highly depended on agriculture, the sector in the country is suffering from a variety of problems like the use of outdated equipment, improper infrastructure, and farmers unable to access a wider range of markets with ease while making just limited profits on crop sales. The cultivatable land will decrease further in the future.
Soon agri sector will completely become tech oriented.
If there’s one sector that’s been crying out for technology and digital intervention, it’s agriculture. Agricultural technology, or agriTech is the use of technology in agriculture based on agricultural science, agronomy and agricultural engineering. It aims to improve yield, efficiency, profitability, and sustainability of agricultural operations. Technology has irreversibly disrupted the traditional agricultural value chain from how farmers access information and inputs to how they grow and sell their produce. agriTech startups are driving India’s agriTech innovations and investment story with significant private equity inflows. It is currently estimated that there are about 600 to 700 agriTech startups in India operating at different levels of agri-value chains.
The technology has disrupted the agriTech sector, allowing agriTech industry in India to grow exponentially. Indian agriTech startups are implementing technologies like, AI, data analytics, and IoT theeby making agriculture a smart profession, helping Indian farmers increase productivity and reap better yields. Technologies like blockchain, artificial intelligence, and computer vision are being leveraged to improve crop yields, supply chains, and sustainability. Due to its potential, total investments in the agTech sector for 2021 reached $10.5 billion. By 2025, the market value of the global agTech industry is expected to surpass the $22.5 billion mark.
This is has become the need of the hour, as the country is going through new phase in its race to become a developed country. Even though India is one of the country’s that depends highly depended on agriculture, the sector in the country is suffering from a variety of problems like the use of outdated equipment, improper infrastructure, and farmers unable to access a wider range of markets with ease while making just limited profits on crop sales. The cultivatable land will decrease further in the future.
Soon agri sector will completely become tech oriented.
.png "Kisanwala: Aiming To Enable Farmers' Self-Sufficiency Through The Use Of Technology-Based Solutions")
