Agri R&D: Rs 13 Return for Every Re 1 Invested - NAAS Chief
By Rediff Money Desk, New Delhi Jun 05, 2024 15:57
NAAS President Himanshu Pathak calls for a revamp in India's agricultural research system, highlighting the high return on R&D investment and emphasizing the need for sustainable, globally competitive farming.
New Delhi, Jun 5 (PTI) As the newly-formed government charts its 100-day agenda, the National Academy of Agricultural Sciences (NAAS) president Himanshu Pathak on Wednesday underscored the need for a major overhaul in India's agricultural research and education system.
His call comes amid challenges such as high cultivation costs, low productivity, and climate change impacts.
"As we move ahead, there is a need to address these challenges. There is a need to transform the way agri-research and education is done in the country," Pathak said at the NAAS Foundation Day Programme.
He emphasised that the vision for Indian agriculture should be "globally competitive and sustainable farming".
Highlighting the substantial returns on agricultural research investments, Pathak said, "For every one rupee investment, the return is Rs 13. Investment in R&D is profitable. The returns in the livestock sector are even more."
The NAAS president, who also serves as the Director General of the Indian Council of Agricultural Research (ICAR), outlined several impediments in the farm sector. These include limited diversification, low-value addition, soil degradation, natural resource depletion, and increasing pest and disease issues, all exacerbated by volatile markets and climate change.
Consequently, agriculture's share in GDP has dwindled to 19.2 per cent, with fewer people depending on the sector. "We need to have research in high impact areas, diversify agriculture, focus on climate resilient varieties, low carbon, nitrogen and energy footprints to combat climate change, and integration of alternative technologies," Pathak said.
He also advocated for promoting value addition and addressing post-harvest losses. To achieve these goals, he suggested leveraging new tools like ICT, AI, GIS, and genome editing.
"There is a need to increase demand for quality and nature-friendly food with increasing income, facilitate cooperation across partners, increase funding and quality manpower," he added.
The government has already set a 2047 target for the agri-sector and prepared action points, reflecting its commitment to transform the sector, Pathak noted.
His call comes amid challenges such as high cultivation costs, low productivity, and climate change impacts.
"As we move ahead, there is a need to address these challenges. There is a need to transform the way agri-research and education is done in the country," Pathak said at the NAAS Foundation Day Programme.
He emphasised that the vision for Indian agriculture should be "globally competitive and sustainable farming".
Highlighting the substantial returns on agricultural research investments, Pathak said, "For every one rupee investment, the return is Rs 13. Investment in R&D is profitable. The returns in the livestock sector are even more."
The NAAS president, who also serves as the Director General of the Indian Council of Agricultural Research (ICAR), outlined several impediments in the farm sector. These include limited diversification, low-value addition, soil degradation, natural resource depletion, and increasing pest and disease issues, all exacerbated by volatile markets and climate change.
Consequently, agriculture's share in GDP has dwindled to 19.2 per cent, with fewer people depending on the sector. "We need to have research in high impact areas, diversify agriculture, focus on climate resilient varieties, low carbon, nitrogen and energy footprints to combat climate change, and integration of alternative technologies," Pathak said.
He also advocated for promoting value addition and addressing post-harvest losses. To achieve these goals, he suggested leveraging new tools like ICT, AI, GIS, and genome editing.
"There is a need to increase demand for quality and nature-friendly food with increasing income, facilitate cooperation across partners, increase funding and quality manpower," he added.
The government has already set a 2047 target for the agri-sector and prepared action points, reflecting its commitment to transform the sector, Pathak noted.
Source: PTI
Read More On:
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
You May Like To Read
TODAY'S MOST TRADED COMPANIES
- Company Name
- Price
- Volume
- Srestha Finvest
- 0.93 (+ 4.49)
- 1803136
- Gennex Laboratories
- 22.80 (+ 4.97)
- 1068434
- Unitech Ltd.
- 12.10 (+ 4.94)
- 732007
- Kamdhenu Ventures
- 27.50 (+ 1.03)
- 710178
- Reliance Com
- 2.36 (+ 4.89)
- 504909
MORE NEWS
Harris's Plans Could Add $3.5T to Debt, Trump's...
A new analysis suggests that Kamala Harris's economic plans could increase the national...
Rupee Rises 2 Paise to 83.97: Forex Reserves Surge
The Indian rupee strengthened against the US dollar in early trade on Monday, driven by...
Frammer AI Raises USD 2 Million from Lumikai
Video content creation platform Frammer AI secures USD 2 million investment from...