New Delhi, July 20 (IANS) There is a further need to modernise agriculture and the private sector, especially in new research, post-harvest infrastructure and exports, industry experts said on Saturday.
NITI Aayog has called for a paradigm shift in India’s agriculture approach, emphasising the need for a facilitating regulatory environment to enable private and corporate investments in new technologies, infrastructure, and producer linkages.
“This is crucial as public sector R&D is constrained, leading to a widening gap with global innovations. Investments in post-harvest infrastructure and private sector participation in exports can boost farmer incomes and integrate them with global markets,” said Amit Vatsyayan, Leader GPS-Agriculture, Livelihood, Social and Skills, EY India.
The private sector can play a pivotal role in this, along with delivering knowledge, skills, and services to help farmers manage risks and increase productivity.
However, a balanced approach is needed, combining modern technology with targeted government schemes to ensure inclusive and sustainable growth, said Vatsyayan.
Experts said that given the increasing threat to crops because of adverse weather conditions arising from climate change, one looks forward to a robust rise in the R&D outlays so that both private and government institutes are motivated to develop climate-resistant crop varieties.
“The crop rotation system should also be incentivised, whereby more farmers are encouraged to adopt this strategy,” said SK Chaudhary, Founder Director, Safex Chemicals Ltd.
The GST rate of 18 per cent on plant protection chemicals can also be lowered to 12 per cent at the least, although a minimal rate of 5 per cent would be more beneficial for the agri sector and consumers at large as it will reduce the cost of growing crops, he mentioned.
Overall, modernising India’s agriculture will require a multi-pronged strategy — one that harnesses the strengths of the private sector in areas like research, infrastructure, and exports, while also leveraging digital solutions and government support to drive inclusive and sustainable growth in the sector, said experts.
–IANS
na/uk
Disclaimer
The information contained in this website is for general information purposes only. The information is provided by TodayIndia.news and while we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.
In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website.
Through this website you are able to link to other websites which are not under the control of TodayIndia.news We have no control over the nature, content and availability of those sites. The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.
Every effort is made to keep the website up and running smoothly. However, TodayIndia.news takes no responsibility for, and will not be liable for, the website being temporarily unavailable due to technical issues beyond our control.
For any legal details or query please visit original source link given with news or click on Go to Source.
Our translation service aims to offer the most accurate translation possible and we rarely experience any issues with news post. However, as the translation is carried out by third part tool there is a possibility for error to cause the occasional inaccuracy. We therefore require you to accept this disclaimer before confirming any translation news with us.
If you are not willing to accept this disclaimer then we recommend reading news post in its original language.
