Agritech is here to stay and 2022 could be the biggest year for Agritech companies

0
Founders of Neem Tree Agro Solutions: Dhiresh (Co-Founder and CEO), Nishant Chauhan, (Co-Founder, CFO and Head (R&D)), Paras Jain (Co-Founder and CTO)

India is a land of agriculture. The country produces 11 percent of the total global agriculture and at the same time is home to the highest number of malnourished people in the world. Agriculture provides livelihoods for about half of India’s population, most of whom are smallholder farmers, but the majority of government agricultural subsidies are used by medium and large scale farmers.

All major revolutions were either agriculture-centric or production-centric, with virtually no financial benefit to the farmer.

To address challenges such as weak structure, slow growth, low production, individual income of farmers, India’s agricultural sector needs innovation that helps in modernization, backed by strong reforms. This is where agritech can play an important role. Agritech offers an incredible open door to connect a few hotspots that currently exist in the agricultural sector along the value chain, thereby increasing market potential. With the expansion of internet in the country, rural areas being the key driver for this success, India is exceptional in adapting to changing agricultural procedures.

Many analysts predict that this year more farmers will use agritech solutions and rural India will continue to digitalize. The agricultural value chain in India is supported by the Indian agritech ecosystem. Agritech is here to stay, and 2022 is set to be the biggest year yet for agritech companies, surpassing 2021, according to the founders of Neem Tree Agro.

About Neem Tree Agro Solutions:

As of 2019, Neem Tree Agro Solutions, a SaaS (Software as a Service) based AgTech company has been focused on providing cutting-edge solutions that are economical, efficient and adaptable for every farmer in the country. The services harness the power of data and artificial intelligence-based decision support systems to improve product quality and quantity. Their mission is to provide farmers with knowledge, technology, marketing and extension services to improve the quality and quantity of produce through effective adoption of technology. The company focuses on the effective use of big data to provide a decision support system for farmers. It also provides quick and easy access to farmers through their designated application.

They focus on the developing white spaces of Indian agriculture, which are ripe for upheaval. Neem Tree Agro Solutions is a journey that started with 3 young people. Such has been their vision, the country’s prestigious IIT university and leading trade body Nasscom, FITT, CIENA have shown interest and confidence in their model and have joined them as investors to work towards a common goal of revolutionizing the world. agriculture by providing simple and innovative technology, improved planning, knowledge, marketing and extension services.

Still very young, one (Paras Jain) still pursuing their B.tech, the trio of founders have shown great integrity and strength in success and have the utmost confidence in their unique business model. Belief by such investors proved that they might be new to the game but had enough to rise to the top.

It is one of the few end-to-end agritech players and has established an end-to-end relationship with the farmer, from input selection and delivery to crop management. They can capture data through these stages to offer services to create value along the chain.

The company has observed that in rural areas, farmers like to have a one-stop solution for their business which is currently an input retailer. The company has the potential to replicate the same on a digital platform with the new era approach, with several farmers having already adopted it.. Hereafter, subsequently, Digital agriculture and connected agricultural services can impact millions of Indian farmers. A technological approach to farm management that observes, measures and analyzes the needs of individual fields and crops and uses data intelligently to optimize farm operations. Good numerical use and analysis helps to better predict production and maximize quality and helps in risk management. This will help improve preventive care and increase producer and consumer satisfaction.

The day is not far off when we will see things like AI-enabled robots, smart IOT-based irrigation systems, integrated automatic tractors as Neem Tree Agro Solutions envisions. This can lead to huge cost savings by reducing the need for around 4 farmhands per acre of land. Dhiresh, co-founder and CEO,. Paras Jain, co-founder and CTO, Nishant Chauhan, co-founder, CFO and Head (R&D) of Neem Tree Agro Solutions.

Share.

Comments are closed.