plenty of emerging opportunities available for agri-tech innovations that address the key farmer problems of agro-climatic information , yield management , and price realization . Just like UPI facilitated a paradigm shift in the Indian financial sector , a unified digitized land and soil database can provide significant grassroots impact ,” said Agarwal .
“ The emphasis on sustainable solutions and climate-smart agriculture , bolstered by government support , signals a significant paradigm shift . Agri-tech ’ s transition towards sustainability isn ’ t merely a trend ; it ’ s an absolute necessity . Innovations in sustainable farming practices and technologies are poised to be the driving force behind the sector ’ s future growth and resilience . Companies that prioritize eco-friendly solutions and climate-smart practices today will not only meet consumer demands but also ensure the long-term viability of the sector ,” he added .
Surge in investment anticipated only by 2025
Going forward , FSG expects the funding slump to continue into FY24 before springing back in FY25 . It expects that start-ups will continue focusing on profitability to tide over the next financial year . Investors are likely to continue being cautious and direct their limited funding towards established business models , such as follow-on funding for companies in the mid-stream agri-tech category .
AgriTech
BIOVOICENEWS . COM 63