India is witnessing an agritech revolution spurred by about 300 entrepreneurs who are trying to disrupt the agricultural supply chain with their innovations, writes Hemendra Mathur on YourStory.com. A majority of them are trying to make intervention to make supply chain efficient, transparent, market-driven, and traceable. Technology is at the core of most new-age innovations that are enabling access of high-quality inputs to farmers, farmers’ linkages to the market, reduction of post-harvest losses, and addition of the extra dose of nutrition in the food we eat.
Two key beneficiaries of agritech revolution are farmers and consumers. Farmers benefit through improved farm economics with improved yield, reduced cost of inputs, and ability to de-risk against commodity price fluctuations, monsoon failures, etc. Consumers also benefit with improved access to safe, nutritious and affordable food. Industry and government also gain with access to reliable, timely and accurate data for decision-making.