A report stated that India spends about Rs 22,500 crore annually on agricultural innovation
But, the per capita spending on agricultural innovations is only Rs 187.50
The centre’s departments account for about 75% of the overall investments
Most of the public investment goes to research institutes and government agencies
Institutional investors contribute about Rs 3,750-4,500 crore annually for agriculture innovation
To grow more food, more innovation investments for sustainable agriculture are needed
The bulk of innovation investments goes into crops
Over 60% of innovation investments focus on enhancing market linkages via agri-marketplaces
The number of startups in the space is growing significantly
The number of agri-tech startups funded by venture capital funds is 500
A coordinated investment approach in sustainable agriculture, defining clear metrics is essential
