To truly revolutionize the Indian food sector and ensure its economic success, the new agriculture law will be coupled with a comprehensive multi-pronged development approach involving public-private partnerships such as the FCI and the Adani Group.
According to the Food and Agriculture Organization of the United Nations, India is home to approximately 189.2 million malnourished people, which is 14 percent of the country’s total population. India’s think tank NITI Aayog has predicted that the country may not be able to meet the food requirements of its growing population by 2032.
The Indian food sector can be revived by implementing multi-faceted development approaches through public-private partnerships, which will facilitate comprehensive reforms. The issues that need immediate attention are not just limited to selling the product, but also how the crop is grown, processed and distributed.
To achieve economic success in agriculture, a public-private partnership, such as the policy support required from FCI and Cargill, PSGC Technologies, Adani and the new agriculture law, will address the entrenched structural problems of the food sector.
New legislative reforms aka ‘agricultural laws’ by the press, are a part of progress aimed at transforming the sector, but are not a complete solution in themselves.
A comprehensive and comprehensive package of initiatives and measures will ensure a truly meaningful reform in the domain, whereas only agricultural legislation can address a part of the whole problem. Solutions must include several motions: ensuring food security for India, growth prospects for the private sector, fair profits for producers and creating employment opportunities for rural India. All these development works also require land productivity and stability within the system. The state as well as the private sector will have to enter into a well-aligned consortium to offer a single point of action remedial course.
As an effort to encourage farmers to increase production, the Food Corporation of India (FCI) was established to facilitate procurement of food grains at Minimum Support Price (MSP) and stable supply and price. This was to protect the farmers from widespread exploitation by traditional middlemen at the village level.
While a nationwide regulation of all commodities is underpinned by three new agricultural laws, several foreign and private Indian companies such as Adani Enterprises, Nimble Growth Organics, Uniproteco Infrastructure etc. have entered the agribusiness and statutory efforts to strengthen Indian food. collaborating with bodies. Area.
Long before the new agriculture law, private players like Adani Group, ITC and Kargil have collaborated with FCI to build scientifically designed silo storage facilities and prevent tonne of grain from getting damaged.
Additionally, 24 Mantra Organic and Adani Agrilogistics, a subsidiary of the Adani Group, also trained and educated farmers to apply revenue generating techniques to enhance their income. These companies procure the produce directly from the farmers, removing the middlemen from the loop.
In a country where more than 70 million farmers live, the task of providing balanced, sustainable development becomes a bit painful and all the more important. While new reforms and public-private cooperation are on the way, the best interest of the country lies in strengthening the entire supply chain.