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AgriTech: The future of food production
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But industry insiders say India s agriculture sector, which has struggled with profitability and declined as a contributor to the country s gross domestic product in recent decades, is in need of major reforms to ensure its economic sustainability and bring in much-needed foreign investment – and that farmers will ultimately benefit.
“I don’t think the government is going to roll back the new farm laws,” says Amit Sinha, co-founder of Unnati Agritech, a platform that offers technology solutions for farmers. “The laws are very important to provide farmers the option to sell their produce to buyers of their choice. Indian farming is beset by the lack of technology and investment and low productivity. It desperately needs private investment in infrastructure and improving farming technology.”