Agriculture Minister in Govt of Karnataka, BC Patil on Wednesday said, “Agri startups can provide missing links in the agricultural value chain and deliver efficient, innovative products, technologies, and services to farmers and consumers.”
Addressing the virtual session of FICCI Summit & Awards for Agri Startups, Minister Patil said, “The food and agriculture practices and enterprises in India are poised for transformational changes in line with the new government policies. Agriculture has been rapidly evolving into agribusiness in terms of approach and structure.”
“Since 2014, startups have been coming in a big way in India and by 2018 we had more than 50,000 start-ups, and In 2019 alone 9,300 startups emerged, however only 500 agri start-ups could take off so far,” Munister said.
“Considering Bangalore as a hub of start-ups and to develop congenial eco-system for Agri startups in Karnataka, the ministry constituted a committee to formulate a policy framework on Agri start-ups and operational guidelines, and the committee has submitted the policy documents to the government, and we are in the process of releasing it shortly,” he added.