Indian Agribusiness Scenario – A Lucrative Breeding Ground for Agribusiness Companies

India constitutes second largest arable land in the world, and has diverse agro-climatic zones all over the country. It has immense production benefits in agriculture and the capacity to cultivate a huge stretch of agricultural products. The catapulting pressure on land availability often results in shortfall in food supply in several crops, intimidating India’s food security. This scenario can be surmounted by increasing farm yields, decreasing wastage in the supply chain by introducing improved storage, agriculture funds in India, post harvest architecture and better and automated logistics. 

Scope for Agribusiness in India

Being one of the yielding and naturally blessed countries, agriculture companies in India have a bright scope of performing and offering improved returns. Let’s have a closer look at the prevailing business scope for agribusiness companies in India:  

• India is graced with varied agriculture climate, promoting production of temperate, tropical and sub-tropical agricultural commodities. It gives new hope to agribusiness growth in India.
• There is vast demand for agricultural 1^st stage input requirements like feed and fodder, bio-fertilizers, inorganic fertilizers etc. inviting ample scope for such primary agriculture inputs suppliers.
• Introduction of biotechnology applications in agribusiness has opened up new gateways in production of seed, industrial harnessing of microbes for bio-control agents and bakery products.
• Export is yet another aspect to harness as a source of economic growth. Being a signatory of World Trade Organization, India brings great potential to improve its present position in the agricultural commodities of World trade.
• Currently the food processing is performed at conventional level and the increasing living standard offers opportunities for secondary and tertiary food processing of agricultural commodities.
• The large coastal line and internal water reservoirs offers great opportunity for production of inland and marine fish culture, which is gaining popularity due to increase in aesthetic value within the populace of India.
• The forest resources can be leveraged for production of by-products of forestry.
• Organic farming has introduced great potential in India due to least pesticide and inorganic fertilizer application vis-à-vis other industrial countries of the world. Farmer of India can be educated and encouraged to switch over to organic farming.
• Seeds, genetically modified crops, and hybrid have the biggest potential in the future, as the productivity of high yielding varieties has touched a plateau.

Synopsis

There are several other opportunities waiting to take the center stage, like micro-irrigation systems, labor saving agriculture equipments, production of vegetables and flowers leveraging  green house conditions, trained human resources in agriculture and allied sciences, etc. Given the above scenario it is quite obvious that agriculture companies in India are reeling under overwhelming upheaval and there is ample scope to grow and flourish.