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development is the primary reason for this spike .
A look at global AgriTech investment trends
Investor interest in AgriTech has grown globally . Global investments in AgriTech were over $ 11 billion in 2022 alone . Investors possess a strong desire for technologies that address problems such as limited resources , global warming , and effective food production . India ' s abundance of technological developments makes it an appealing place for foreign investment within the AgriTech sector .
The global drone industry has experienced rapid growth , with increasing investment trends driven by advancements in technology , diverse commercial applications , and rising
demand across sectors such as logistics , agriculture , defense , and infrastructure .
Future need for drone spraying services
As drone technology develops , there should be an increasing need for drone spraying services . Farmers and agribusinesses are looking for ways to minimise waste and environmental harm while maximising the usage of fertilisers and insecticides . Drones offer a precision-based approach that minimises human costs while efficiently spraying crops with better coverage .
Because drone spraying allows for more precise application of fertiliser and pesticides , input costs can be greatly reduced . Better crop health ,
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BioVoiceNews | October 2024