Commission for Agricultural Costs and Prices
Chairman Vijay Paul Sharma gave a clarion
call to increase private investments in the agriculture sector five times by
2030, while urging farmers to look at opportunities beyond food.
Inaugurating businessline Agriculture
and Commodity Summit 2024 in New Delhi on Friday, 5 Jan, he said, “I don’t
think any sector can grow with private sector investment of just 2 per cent. We
must take this private investment to 5 or 10 per cent.â€
Stating that farmers must look to tap
opportunities, Sharma said they should look at meeting industrial needs such as
ethanol through maize and other crops.
In his special address, Shantanu Pendsey, Chief
General Manager, SBI, said …
a 10 per cent increase in formal credit can lead to
at least a 1 per cent increase in agri contribution to overall GDP.
In his valedictory address, Ajay Kumar Sood, Deputy
Managing Director, NABARD, said it would be important to invest in
productivity-enhancing agriculture practices…
Raghuvir Srinivasan, Editor, businessline,
highlighted that Indian agriculture, which is a critical sector for the
economy, accounting for a fifth of GDP, is now at a crossroads with a lack of
funds hampering farmers…
The summit was sponsored by State Bank of India and
co-powered by NABARD in association with NCDEX and INDOFIL Industries
Ltd. DhanukaAgritech Ltd. and KribhcoAgri Business are associate partners. The
NSE and Vaikunth Mehta National Institute of Co operative Management were the
regional sponsors of the Summit.