Diplomatist Magazine Africa Day Special 2018 | Page 33

ANNIVERSARY SPECIAL challenges. Echoing this sentiment, here we gauge the options for partnerships and collaboration across various agriculture sub- sectors such as land, farm mechanisation, food processing, agri-marketing and innovations in the agricultural space. All of these initiatives will ultimately contribute towards achieving the twin goals of economic growth and food security. Given their abundant natural resources and enormous production potential, both India and African economies share a central role in ensuring global food security in the near future. Taking into consideration the complementary sectoral priorities and similar roles in evolving global food markets, numerous opportunities exist for collaboration between India and Africa in the agricultural sector. Even though both countries share similar sectoral characteristics, they are at different maturity and transformation levels. Moreover, these economies have long recognised the benefi ts of partnerships. With impending global production and food security pressures, there exists an urgent need to adequately channelise these investments towards ‘high impact priority areas’ in order to attain immediate and sustainable returns. It is true that the continent has tremendous potential of not only feeding its own population but also a large part of the population residing beyond its shores, provided that it gets adequate support. In this context, India has a huge opportunity to partner with Africa whilst attempting to fulfi ll the ‘Feed Africa’ program. Given the fact that India is st ill largely an agrarian country and feeds a population of 1.2 billion people, and one that has traditionally had a close relationship with Africa, India can share its vast experience across the agri value chain in enabling Africa to become a net exporter of agriculture products. The signifi cance of the agriculture sector in India can be gauged from the fact that it provides a livelihood for more than 70 percent of Indians who live in rural areas, contributes around 18 percent to the total GDP of India and is the largest employer providing employment to 49 percent of the total workforce. Successful Initiatives by India India has a huge opportunity to partner with Africa whilst attempting to fulfi ll the ‘Feed Africa’ program. Given the fact that India is still largely an agrarian country and feeds a population of 1.2 billion people, and one that has traditionally had a close relationship with Africa Green Revolution India’s 'Green Revolution' could be a useful model if adapted to African conditions. Half a century ago, the country had an underdeveloped agriculture sector. In the mid-1960s and early 1970s, it faced serious food shortages, and then severe famines in 1965-1966 in eastern India compelled the country to look to food aid from outside. The severity of the crisis gave birth to a new approach to agriculture. Known as the Green Revolution, the policy involved improvements in technology combined with state-led initiatives to support farmers. Less than 10 years later, India was self-suffi cient in cereals. Though imperfect, the 'Green Revolution' model offers important lessons for countries in the sub-Saharan region. It underscores the importance of government support for agriculture as well as investment in technology such as irrigation, mechanisation, and inputs to improve yields. Sub-Saharan Africa could learn from the Indian experience. Contract Farming Contract farming is another phenomenon which has proved to be very useful in the Indian context. Today, it is being practiced across India and has established itself as a win-win partnership for both the farmers and private sector firms. Major multinationals such as Hindustan Unilever Ltd (HUL), Rallis, ITC, Reliance, and PepsiCo, among others are associated with contract farming in India. In one such case, HUL, Rallis, and ICICI formed an alliance with the farmers. Under this alliance, Rallis supplies agri-inputs and know-how, and ICICI fi nances farm credit to the farmers. HUL, the processing company which requires the farm produce as raw material for its food processing industry, provides the buyback arrangement for the farm output. In this arrangement, farmers benefi t through the assured market for their produce in addition to timely, adequate and quality input supply including free technical know-how; HUL benefits through supply- 2018 • Africa Day Special • 29