New Delhi has signed preliminary agreements with US tech giants to share farm statistics as part of an ambitious government-led productivity drive aimed at transforming the nation’s outdated agricultural industry.
According to a Bloomberg report, starting from April, Amazon, Microsoft and Cisco Systems will be able to harness farm data that Prime Minister Narendra Modi’s administration has been gathering since coming to power in 2014.
The government wants to ensure food security in the world’s second-most populous nation and is betting that the private sector could help farmers boost yields with apps and tools. This week the government said that Jio Platforms and tobacco giant ITC are among local powerhouses that have signed up for the program.
India’s $488 billion farm sector employs almost half of the nation’s 1.3 billion people and accounts for about 18% of the economy. With the new project the government aims to boost rural incomes, cut imports, and reduce food waste with better infrastructure. If that works out, India could also compete with exporters such as Brazil, the US and the European Union. (RT)
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