The Indian agri-tech ecosystem has the potential to attract investments of over $ten billion over the next ten many years, in accordance to a FICCI-PwC report.
Titled “Agri-begin-ups: Heralding next stage of agricultural transformation,” the report reveals that the existing begin-ups in the country, believed at over 600, account for merely one particular for every cent of the potential current market option believed at $24 billion. This connotes of the enormous potential for agri begin-ups in the country, the report reported.
Even with becoming a pandemic year, buyers pumped in additional than $500 million in agri-tech arena in 2020, in comparison to $248 million in 2019.
“With a important increase in expenditure activity and looking at the massive current market potential of Agritech in India, business authorities estimate that there will be investments of over and higher than $ten billion in the next ten many years,” the report reported.