Digital technology start-ups in India have unleashed their potential in improving crop production systems, optimising utilisation of critical resources, yet need to consolidate their business. Examine (200 Words)
Refer - Financial Express
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Chinna 5 years
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IAS Parliament 5 years
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IAS Parliament 5 years
KEY POINTS
· The year 2019 turned out to be a golden year for the 450-odd registered agriculture-technology start-ups, as they witnessed a growth rate of 25% (Nasscom, 2019).
· The “food print” product promoted by Jivabhumi is a produce-based aggregation and food traceability solution working for integrated agriculture development in Karnataka.
· In parallel, Samudra Network offers digitisation services for farmer producer organisations using mobile applications and dashboard.
· Farmer Connect, a blockchain-based app, helps improve traceability for coffee value chain in Karnataka, Kerala and Tamil Nadu.
Consolidating agri-startups
· Agri/dairy-tech start-ups, business-to-business (B2B) is emerging as a revenue-generating segment relative to B2C and, thus, these start-ups need to partner with corporates and government agencies for value creation and appropriation.
· Public-private partnership (PPP) in agricultural value chains is gaining ground for start-ups as they can benefit to private as well as public sector through formalising value chain finance, improving decision-making, streamlining direct benefit transfer or subsidies, accessing large markets.
· Fund-raising remains a challenge as start-ups require a few critical years to withstand the test of time. Impact investors can, therefore, come forward to enable performing start-ups achieve their scalability and viability in value chain businesses.
· Agri-tech start-ups regulation calls for a robust policy framework—integrating financial inclusion, agribusiness incubation and acceleration, data privacy and sharing, and licensing policies into a single-window system.
· Agriculture and dairying is a state subject, agriculture and animal husbandry universities and anchored extension agencies need to identify potential start-ups for tie-up for technology solutions such as farming as a service and crop/livestock management.
VINONA KARMY 5 years
Kindly review.. thank you.
IAS Parliament 5 years
Try to elaborate more on consolidating agri-startups. Keep Writing.
DHARU 5 years
Kindly review!!
IAS Parliament 5 years
Try to include some examples of successful agri-startups. Keep Writing.
Abhilasha 5 years
Please review.
IAS Parliament 5 years
Good answer. Keep Writing.
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