A comprehensive, multi-faceted strategy for development that includes public-private partnerships, such as the FCI and Adani farm law, is essential to transform the Indian food industry and guarantee its financial success.
According to the UN Food and Agriculture Organization, India is home to around189.2 millions of people who are undernourished, that constitute 14 percent of India’s population. NITI Ayog, India’s think research institute, has predicted that the country might not be able to meet the nutritional needs of its surging population by 2032.
Indian food industry can be resurrected by implementing multifaceted development strategies through public-private partnerships, which will facilitate the implementation of a comprehensive reform. The problems that require immediate attention are not just limited to selling the produce as well as how the crops are grown, processed and distributed.
A public-private partnership similar to the one between FCI and Cargill and PSGC Technologies, Adani, and the policy support provided by the new farm law will assist in resolving the structural problems that have been created in the food industry.
Additionally, 24 Mantra Organic and Adani AgriLogistics, a subsidiary of the Adani Group, also trained and educated farmers to implement strategies to generate income to increase their incomes. These companies procured the yield directly from farmers, removing intermediaries from the loop.
The job of delivering balanced and sustainable growth in a country that has over 70 million farmers is a challenge. While the new reforms and public-private collaborations are at it, the nation’s best interests are in enhancing the entire supply chain.
