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Karnataka horti dept ups focus on FarmTech to boost efficiency and cost.
Mar 29, 2023

The Karnataka department of horticulture has increased focus on FarmTech to boost efficiency and cost. This is where start-ups are present and many of them are eyeing the sector to boost growth prospects.

The agri-tech start-up sector is also creating several market opportunities, primarily in digitising agriculture, improving farmers access to real-time information, increasing transparency across the value chain, providing farmers with higher-quality implements to increase yields, and providing farmers with micro-financing options to manage risks. These technologies have the potential to revolutionise decision-making and optimise yields, ultimately leading to improved economic outcomes for farmers, according to the officials.

The rise in start-up culture across the country has not overlooked the agriculture sector. Several ventures, particularly in Karnataka, have undertaken the task of using technology to grow out of traditional agricultural practices. Their main focus is to provide useful, affordable and innovative solutions to a number of challenges faced across the agricultural value chain. These start-ups act as a platform for networking between farmers, input dealers, wholesalers, retailers and consumers thereby providing growers with access to a strong and well-established market, they noted.

There is huge demand for precision farming technology. With new-gen farmers being qualified agriculturists or engineers they have the wherewithal to conceptualise and commission innovation backed by proof of use of technology across various farm lands.

Earlier this month, FarmTech Conclave 2023 created a cohesive platform required to bring all the stakeholders in the farming ecosystem together and provide opportunity to network, share insights, and identify potential partnerships which will drive innovation and progress within the industry.

With the theme being ‘Creating Networks for Collaboration and Growth’, the FarmTech conclave showcased the innovative products, services, and technologies designed to power agriculture and drive its future. In addition to the stakeholders of the farming community, key government representatives discussed, deliberated, identified priorities and proposed an agenda for the growth of the agriculture sector in the country.

In an effort to recognise innovation, for the first time, the Karnataka department of horticulture, introduced the FarmTech Awards to acknowledge AgriTech firms that have demonstrated dynamic leadership and exciting technologies, and for standing out in their chosen areas of AgriTech sector. These awards were given to individuals and companies that have made significant contributions to the development and application of new technologies in the FarmTech sector, and help to promote the growth and sustainability of modern farming practices. The wide range of categories, including precision agriculture, livestock management, food safety, and many others, and are designed to showcase the latest trends, breakthroughs, and advancements in the field. A jury covered leading panel of experts from the industry, policymakers, and academia who evaluated the participating companies based on the predetermined criteria.

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