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Chemical-free natural farming will boost exports, AgriTech to assist digital ecosystem

Chemical-free natural farming will boost exports, AgriTech to assist digital ecosystem
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Experts believe that Chemical-free natural farming will boost exports and AgriTech assist in establishing digital ecosystem.

While the focus on start-ups and AgriTech in the budget 2022 would assist establish a digital ecosystem and technological inclusion in the agriculture sector, experts believe that the promotion of chemical-free natural farming in India will boost exports in the near future.

Experts estimate that using drones can boost agriculture’s GDP by 1-1.5 percent. Also Read | Farmers eager, excited to hire ‘affordable’ Kisan drones for their crops

‘Chemical-free natural farming is a significant news for both exports and national health,’ said Rajat Wahi, partner at Deloitte India.

According to Ajay Kakra, Leader – Food and Agriculture, PwC India, the budget’s emphasis on start-ups and AgriTech will boost the creation of a digital ecosystem and technology inclusiveness in the agricultural sector.

Finance Minister Nirmala Sitharaman said in her Budget speech that the government will encourage and promote  chemical-free natural farming across the country to enhance agricultural production, productivity and income for farmers.

The Budget also stated that NABARD will support a fund generated under the co-investment model to finance startups in agriculture and rural enterprise that are related to the agricultural produce value chain.

The Budget also stated that NABARD will support a fund generated under the co-investment model to finance startups in agriculture and rural enterprise that are related to the agricultural produce value chain.

According to Arun Nagarajan, Director of Technology Consulting at EY (Ernst & Young), ‘The market for drones alone is projected to be worth between ₹ 20 and ₹ 30,000 crore. Even if only 10-15% of this is used in agriculture, it will have a significant impact.’

‘There are a number of small and medium businesses as well as established original equipment manufacturers,’ Nagarajan said. Also Read | India exported $782.93 million Farm Machinery to developed countries in 2019-20

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