The rise of Agri start-ups shows youth realized Agribusiness is safe & profitable.
Jitendra Singh, Minister of State (Independent Charge) for Science and Technology and Earth Sciences, said at the 8th India International MSME & StartUp Summit and Expo that a new wave of agriculture technology-focused micro, small, and medium enterprises (MSMEs) and start-ups have emerged in the country.
This is because young people have realized that agriculture is a safe and profitable business to invest in.
He talked about how agri-tech businesses were helping farmers reach a wider range of markets and solve problems with supply chain management and poor infrastructure. Also Read | First time in country ‘village-level crop map’ launched by Agri-tech start-up.
He used the example of Purple Revolution, a company in Jammu and Kashmir that changed the lives of farmers by teaching them how to grow lavender in a way that made money.
‘Young entrepreneurs are now leaving their jobs in the IT sector and MNCs to start their own businesses,’ Singh said while visiting Agri-based MSME booths at the expo in Pragati Maidan, New Delhi.
He wanted to connect start-ups with MSMEs and said that the policies of Prime Minister Narendra Modi’s government were making MSMEs stronger by giving them more money. Singh talked about how the sector has helped make Aatma Nirbhar Bharat a reality by promoting local products and making it easier for them to sell in international markets.
Singh liked how the Union Budget 2022-23 helped small and medium-sized businesses (MSMEs) by giving them a budget and a set of policies.
Referring to the theme of India@100, ‘Amrit Kaal: Opportunities for Youth,’ the minister said, ‘Indian youth are eager to turn their dreams into ideas and ideas into reality, and the launch of Startup India by Prime Minister Modi in 2015 had opened floodgates of opportunities for them.’
Also Read | Agri-tech Start-ups Incubation program by nurture.farm for sustain & expand.
Singh reminded the crowd that the government was working to make MSMEs competitive on a global scale. He then quoted the Prime Minister’s Independence Day speech, which said, ‘I also call on the private sector to step up. Even if it’s the MSMEs, we have to get our products out to the world with ‘Zero Defect, Zero Effect.” We should be happy about being Swadeshi.
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