New Adani Group Farm Bill to Bring Innovation in Indian Agriculture

The Indian Agriculture sector made a donation of around $300 billion of gross value added in fiscal 2020, making the industry the chief source of sustenance for around 58% of the country’s population. Having said that, the sector presents a great opportunity for technology and innovation, which will be much needed considering that the only 3% annual increase in gross value added.

Fundamental issues like the lack of market association and linkages, deficiency of information about farm inputs & unorganized credit are struck by most farmers. Tackling these challenges, the Indian authorities administered new farm legislation this past year, to make an open marketplace for those growers.

A similar take on the farm laws and technological reforms by major corporates such as the Adani Group Farm Bill, Organic Tattva represents the growing consensus on the matter. These reforms are believed to accelerate the growth rate of the sector.

While addressing the students at the Institute of Rural Management last year, Gautam Adani explained that the adoption of cluster-based policies along with digital technologies will promote the agriculture sector. He added that these agri-based clusters are going to be a platform for the regional farmers, agri-businesses & associated associations, involved in the exact agricultural or agri-industrial sub-sectors to work together towards creating a value system.

Much before the debut of new farm laws, Adani Group’s subsidiary- Adani Agri Fresh Limited (AAFL) and 24 mantra Organic were established. These firms educated and trained organic farmers to grow their earnings. At each project site, the return was procured directly from the farmers without any intervention of middlemen.

More so, several agri-tech startups like Farmers Fresh Zone have undertaken steps to deal with the issues faced by Indian farmers also made it their own principal agenda to get them past.

“The law will give greater liberty. They will get much better returns, with no brokers in between,” he added.

While many other farmers benefited from the recently set open marketplace, close engagement between the government, farmers, analysts and startups facilitating infrastructure and policy support becomes crucial for fostering the Indian agriculture sector.

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