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Tag: agriculture (page 1 of 1)

India’s agri-tech sector can grow to $24.1B in the next five years

India’s agritech sector has the potential to grow to $24.1B in the next 5 years, according to a new report. With a turnover over of $204M, India’s agritech sector is at under 1% of its market potential today. Five key categories that’ll have the lion’s share are – agritech market for supplying farm inputs $1.7B; precision agriculture and farm management $3.4B; quality management and traceability $3B; supply chain and output market 12B; financial services $4.1B.

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Coronavirus pandemic increased adoption of digitisation in Agri sector

The adoption of digital rural products and payments have accelerated since the onset of the pandemic, as per Omnivore’s report. Intermediary reduction and tech-enabled payments are the prime boosters of digitization. Investment in horticulture, dairy, poultry etc are much-needed. Robots, automation and other techs will take over manual tasks, making agriculture more gender diverse. Tech-adoption will increase transparency between farmer and customer.

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