In a bid to double the farmer's income by 2022, the Government of India, under the leadership of Hon'ble Prime Minister is increasingly looking for ways to bolster agricultural production, food processing and marketing avenues through the integration of latest technologies and innovations; thus creating a huge scope for food and agritech startups in the country
India has made a strong name for itself in the global startup community. India ranks amongst the top five countries in the world in terms of number of startups founded. It is estimated that India houses around 4200 start-ups, creating more than 85,000 employment opportunities. It is projected that the number of Start-Ups in India will increase to more than 11,500 by 2020, with job creation from these entrepreneurs reaching 250-300K by 2020.
These start-ups are providing missing links in the agri value chain and distributing efficient products, technologies and services to the farmers on one hand and the consumers on the other hand. From ICT apps to farm automation and from weather forecasting to drones and from inputs retailing and equipment renting to online vegetable marketing, and from smart poultry and dairy ventures to smart agriculture and from forefended cultivation to innovative food processing and packaging, it's proliferation of all innovations and technology driven startups set to revolutionize the food and agriculture sector. Government of India with its programs like Skilled India, Start Up India, Stand Up India, MUDRA to ACABC scheme and Udaan are additionally fortifying budding entrepreneurs to commence and scale new ventures. However, many of the subsisting agri- enterprises, despite savoring initial prosperity, are facing difficulties to scale and expand. They are looking for ideas, inspirations and support to scale to newer heights. In this context, ICFA convened its 1st All India Agri Startups Conclave 2018 in February with the aim to bring all the startups in food and agri space on single platform for sharing of success stories and exploring business and marketing linkages, technology and financial tie-ups and partnership opportunities. The convention organized by ICFA was a big success and it brought Agri-entrepreneurs closer to the convention's objective of providing the much needed platform and push for startup ecosystem in agriculture.
Indian Council of Food and Agriculture with the support of the Government of India and several States and in technical collaborations with a large number of industry associations and international bodies, is fully geared up to floor AgroWorld 2018 from October 25 to 27, 2018 at the sprawling campus of Indian Agriculture Research Institute, New Delhi. In this mega event ICFA is all set to host its 2nd All India Agri Startups Conclave 2018 to passionately promote and showcase to the world innovative startups emerging in agri & food sector of India. AgroWorld 2018, incorporates major sectors and key stakeholders in food, agriculture, horticulture, animal husbandry, aqua and allied sectors.
The participation of Governments officials and institutions like NABARD, SIDBI, NSDC, SFAC, ICAR, CSIR, IFAD, banks and industry, key stakeholders in food, agriculture, horticulture, animal husbandry, aqua and allied sectors will give Startups and potential agrientrepreneurs a great platform to expand business, increased value addition and trade. The conclave envisages to provide a platform for experience and knowledge sharing, synergies, connects and partnerships, collective and creative thinking to engender pro-startups environment for ascertaining prosperity and sustainability of upcoming startups and magnetizing youth towards entrepreneurship in food and agri sectors.