"The Indian Finance Minister Nirmala Sitharaman, in her FY 23 Budget has announced several major policy interventions that direct capital, both public and private, towards sunrise sectors, such as agritech, drone-tech, and climate smart technology, as well as towards strengthening core infrastructure that impacts logistics, including food logistics. The Indian Government has also underlined its focus on sustainability by doubling down on natural farming and regenerative agriculture.
This triple-barreled approach lays the foundation to building the next generation of food supply chains in India, leapfrogging other countries in the use of technology. It will help propel our core sectors such as food and agriculture, energy and other spaces firmly into the 21st century, and sends out a very bold signal to the world, that the world's largest democracy is also demonstrating that it is the world's most forward thinking democracy. It also sends a signal to private capital, nudging private capitalists to focus on sectors of substance, rather than froth.
The government has also ensured there is a policy continuity and a roadmap for the farm sector, the foundations for which were already laid in last year’s budget. The thrust to use technology and diversify farming activities will ensure farming as a profession remains sustainable and attractive. With emphasis also being laid on the roadmap of making end to end supply chains more efficient and reducing costs in the farming sector which currently acts as a big impediment."
For more information:
Karthik Jayaraman
WayCool Foods & Products Pvt Ltd
Tel: +91 9500168299
Email: [email protected]
https://waycool.in
