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Saturday, December 4, 2010

Higher Private Investment Critical In Indian Agriculture Says Sharad Pawar

Higher Private Investment Critical In Indian Agriculture Says Sharad Pawar ; The private sector has a critical role to play in meeting the demand of higher investment, inputs and services in agriculture, noted Sharad Pawar, Minister of Agriculture, Consumer Affairs, Food and Public Distribution, according to a latest press release from the Ministry of Agriculture. As Indian agriculture gains momentum, there is growing demand for quality inputs, support services through effective extension and knowledge dissemination and adequate agricultural infrastructure. Farmer awareness and capacity building have to be taken up in a big way.

The Minister was speaking at the National Conference on Rural Prosperity through Better Agriculture today. Pawar said, new technology which helps in developing affordable farming equipments suited to Indian conditions and farm sizes is the need of the hour and the private sector will have to take a leading role in this. As Indian agriculture gains momentum, there is growing demand for quality inputs, support services through effective extension and knowledge dissemination and adequate agricultural infrastructure. Farmer awareness and capacity building have to be taken up in a big way.

The success of green revolution has ensured our food security today. However, agriculture faces new challenges the world over. The world's population is set on a course to increase beyond nine billion by 2050 even as we are experiencing shifts in weather patterns due to climate change. Growing income levels on one hand, and limited scope in bringing more land under cultivation on the other, underline the challenges of production keeping pace with demand.

In recent years, there has been renewed focus on agriculture, noted the minister. Major programmes such as the National Horticulture Mission, the Rashtriya Krishi Vikas Yojana and the National Food Security Mission have been launched. As a result, the plan outlay for the agriculture & allied sector has increased substantially from Rs. 7,431 crore in 2006-07 to Rs. 19,070 crore in 2010-11, an increase of about 156%. Read More http://www.indiainfoline.com/ For the latest updates PRESS CTR + D or visit Stock Market news Today

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