Managing Director , Head-Asia , FSG
A G R I B U S I N E S S
RISHI AGARWAL
Managing Director , Head-Asia , FSG
“ Innovations in sustainable farming practices and technologies are poised to be the driving force behind the sector ’ s future growth and resilience .” continuing to adopt a cautious approach and expanding into areas adjacent to their core business line , rather than placing big bets in new value chain stages where they have limited expertise , resources , and farmer networks .
Sustainability and climate focus
Sustainable solutions and climatesmart agriculture have emerged as key focus areas in the Indian agri-tech sector , driven by a growing focus on environmental conservation and climate resilience , and supported by several government initiatives .
Commenting on the trends identified by the firm , Rishi Agarwal , Managing Director , Head-Asia , FSG , said , “ The shift in investment dynamics highlights the Indian agri-tech sector ’ s sensitivity to global economic trends . Start-ups must use periods of slower investment to refine their business models and drive towards profitability .
These moments can be invaluable for building a robust foundation that can withstand market fluctuations .”
He added , “ Those in the upstream agritech space can seize this moment to innovate and capture market share , while midstream start-ups must focus on sustainable growth strategies , leveraging their maturing status and acquisition capabilities . The decision by some key traditional agriculture companies to streamline pilot projects and focus on their core business suggests a need for a strategic pause to recalibrate their approach . This strategic shift must be executed thoughtfully to ensure they remain agile in responding to the evolving market dynamics . Balancing consolidation with continuous innovation is a tightrope they must walk .
" With the government facilitating collectivization , mechanization , and digitization of Indian farms , there are
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BioVoiceNews | October 2023