What is the purpose of AgriTech?

What is the purpose of AgriTech?

Agri-tech is the use of technology for farming that is developed to improve efficiency and profitability. While most commonly used in horticulture and agriculture, agri-tech is also found in forestry, aquaculture and viticulture.

What does AgriTech India do?

Agritech primarily refers to an ecosystem of companies and startup enterprises that are capitalizing on technological advancements to deliver products or services for increasing yield, efficiency – both in terms of time and cost, and profitability for farmers across the agriculture value chain.

What is AgriTech agricultural technology in a nutshell?

Agritech is the use of technology and technological innovation to improve the efficiency and output of agricultural processes. In other words, it is the application of technology to improve all elements of the farming and growing processes.

What is the future of AgriTech?

According to the latest Bain & Company report, the market is predicted to grow to $30-35 billion by 2025. Data analytics, artificial intelligence, machine learning, the Internet of Things, and software as a service are all being used by agritech companies to challenge the traditional agricultural economy (SaaS).

How many agritech startups are there in India?

India is home to more than 450 agritech startups, growing at a rate of 25 percent year-on-year, according to a 2019 NASSCOM report. These companies are increasingly empowering 150 million-odd farmers with data-led systems.

What is agritech startup?

Agritech Startups. Agritech startups or Agricultural technology involves environmentally sound and sustainable farming methods, implemented widely in agriculture industry in order to attain profitability and efficiency, both. Argtech is a value innovation as Agriculture and India has a unique bond.

What is Agritech company?

The term “agritech” is a fusion of “agriculture” and “technology,” referring to the use of technological innovations to augment the output and efficiency of agriculture.

How many Agritech startups are in India?

What are Agritech companies?

The purpose of agriculture technology or Agritech startups is to develop profitable and efficient farming methods that are environmentally sound and sustainable. The unique bond between Agriculture and India makes Argtech a value innovation.

What is Agritech startup?

What are agritech companies?

What is agritech company?

What are agritech startups?

How many agritech companies are there in India?

The Agri-Tech sector in India has grown significantly from 43 startups in 2013 to over 1000 businesses in 2020, owing to increased rural internet penetration, increased post-harvest and supply chain losses, expanding investor interest in the sector, and other factors.

How many agritech startups are in India?

Currently, it is estimated that there are about 600 to 700 agritech startups in India operating at different levels of agri-value chains.