Indian agri, commodities sector see Finances offering impetus to farmers’ welfare, rural economic system

Nonetheless, it absolutely doesn’t tackle key trade considerations, notably within the space of import substitution for superior agricultural inputs.  He stated the sector felt let down by the dearth of provisions for establishing farm colleges to teach and prepare marginal farmers in fashionable agricultural methods.  

Hike in KCC restrict

Gaurav Kedia, Chairman, Indian Biogas Affiliation, stated the success of the Dhan Dhanya Krishi Yojana will depend on enhanced sustainable agricultural with natural farming taking centrestage. Strengthening on FPO and cooperatives by organising central boards with assist of States was the important thing.  

KV Karthik, President, Indian Pump Producers Affiliation, stated the rise of Kisan Credit score by ₹2 lakh will immediately spur demand for agricultural pumps, benefiting farmers and the trade alike. “Moreover, the extension of the Jal Jeevan Mission to 2028 will create sustained enterprise alternatives, making certain a continued push for water accessibility throughout the nation,” he stated.

Jitendra Kumar, MD, Biotechnology Trade Analysis Help Council (BIRAC), stated the Finances’s give attention to crop diversification, post-harvest storage and credit score accessibility for 1.7 crore farmers aligns with BIRAC’s dedication to supporting agri-biotech improvements.  

Balram Singh Yadav, Managing Director, Godrej Agrovet Restricted, stated empowering farmers, sustainable manufacturing and resilient agri-economy  had been crucial for “Viksit Bharat”.

India’s place because the second-largest world producer of fish and aquaculture will additional be bolstered by the discount in primary customs responsibility on a key enter materials for feed, strengthening competitiveness and sustainability within the sector, he stated.

Vegetable clusters a lift

Rajavelu NK, CEO-Crop Safety Enterprise, Godrej Agrovet Restricted & Co-Chairman of the FICCI Committee on Crop Safety Chemical compounds, stated “The Mission for Cotton Productiveness, integrating science and know-how with extra-long staple cotton varieties, addresses declining cotton acreage whereas serving to farmers enhance yields and earnings.”

Simon Wiebusch, Nation Divisional Head, Crop Science Division of Bayer in India, Bangladesh and Sri Lanka, stated the Finances outlines a complete technique for enhancing agricultural productiveness and sustainability, aligning with the imaginative and prescient of Viksit Bharat.  The emphasis on bettering post-harvest storage, irrigation and credit score availability is anticipated to empower farmers and push financial development in rural areas.

Moreover, the institution of large-scale clusters for vegetable manufacturing and the assist for FPOs and start-ups in selling vegetable provide chains will assist to not solely promote rural prosperity, enhance horticulture sector but additionally meet the vitamin wants of the nation, he stated.  

Susheel Kumar, Nation Head and Managing Director, Syngenta India Pvt Ltd, stated the Union Finances reaffirms the federal government’s intention and dedication to revitalising rural India and addressing the urban-rural divide.  By specializing in infrastructure, innovation, and self-sufficiency, the Finances presents a transformational roadmap for India’s rural economic system.  

‘Nothing for agro-chemicals’

Sanjiv Kanwar, Managing Director, Yara South Asia, stated the give attention to innovation, funding, and sustainability in agriculture is a daring transfer that can undoubtedly result in a thriving and self-reliant agricultural future for India.

The strategic give attention to crop diversification, improved irrigation, and higher credit score availability is important for the sustainable development of our agriculture sector. “Moreover, the excellent programme for vegatables and fruits, aimed toward selling manufacturing, provides, processing, and higher remunerative costs, is a forward-thinking transfer that can profit each farmers and customers, whereas taking the nation in the direction of a greater dietary future,” he stated.

KC Ravi, Chief Sustainability Officer, Syngenta India, stated the Finances is a well-structured set of alternatives for Indian agriculture, laying out a sensible, holistic, forward-looking, and revitalising roadmap that strengthens farmers, improves productiveness, and drives self-sufficiency.  

KC Ravi, Chief Sustainability Officer, Syngenta India

Nonetheless, it didn’t have something for the agrochemical trade which performs a important position in defending crops from pests and ailments. It was wanting ahead to some long-standing calls for in GST rationalisation, enhancing of weighted deduction to 200 per cent and increasing Manufacturing Linked Incentive (PLI) scheme to the sector, he stated.

Give attention to climate-change

Ravi Annavarapu, President, FMC India, stated the funds has a progressive, growth-focused imaginative and prescient to remodel the Indian agriculture sector. Integrating 6 crore farmers right into a digital registry through enhanced digital public infrastructure will enhance transparency, democratise entry to digital agricultural companies, and pave the way in which for precision agriculture, he stated. 

Ravi Annavarapu, President, FMC India

Ajay S Shriram, Chairman and Senior Managing Director, DCM Shriram Ltd, stated the Finances on the agriculture entrance, the main focus has been on climate-change, rural employment, self-sufficiency, irrigation, and modernisation. Insurance policies reminiscent of institution of gene financial institution are useful in shortening the analysis cycle for growth of climate-resilient seeds.  

Tarun Sawhney, Vice Chairman and Managing Director, Triveni Engineering & Industries Ltd, stated the Finances has laid the muse for a extra inclusive and sustainable future by strengthening India’s agricultural ecosystem and accelerating the nation’s clear vitality transition.

Tarun Sawhney, Vice Chairman and Managing Director, Triveni Engineering & Industries Ltd,
| Photograph Credit score: prashant kr singh

Water conservation and accountable wastewater administration stay essential for the nation, and the extension of the Jal Jeevan Mission until 2028, aiming to attain 100 per cent  protection of potable faucet water connections throughout rural households is a welcome transfer, he stated.  

Anil Kumar SG, Founder & MD, Samunnati, stated, the Finances reaffirms that agriculture stays a cornerstone of India’s development imaginative and prescient, which is certainly a welcome growth. By adopting new applied sciences and sustainable practices, Indian agri sector strikes nearer to securing nation’s meals future whereas strengthening rural economies, he stated.  

Makhana Board initiative

Ayush Gupta, Enterprise Head, India, at KRBL Restricted, stated, “The introduction of the creating agri districts programme, alongside initiatives for crop diversification, irrigation, and enhanced credit score entry, will immediately profit 1.7 crore farmers, strengthening India’s agricultural spine.”

Anshul Garg, Director & CEO of Aroma AAT Basmati Rice, stated the PM Dhan Dhanya Krishi Yojana in partnership with States might be a big enhance in Basmati manufacturing domestically. The improved credit score line prolonged to 7.7 crore farmers for short-term loans of ₹5 lakh can be a big announcement, serving to them with monetary viability throughout cultivation season, he stated.

Rajesh Aggarwal, Managing Director, Pesticides (India) Ltd, stated elevating the mortgage restrict beneath the modified curiosity subvention scheme will assist extra farmers spend money on higher assets and handle bills effectively.

“The institution of a Makhana Board in Bihar will create alternatives for farmers by selling worth addition. The introduction of a Cotton Productiveness Mission will additional assist these depending on cotton cultivation,” he stated.

Flavour for perfume

Manoj Arora, Managing Director & Chief Perfumer, Sacheerome, stated the Finances will immediately profit the perfume and flavour (F&F) sector. The introduction of superior farming methods, fashionable tools, and sustainable practices will guarantee a gentle provide of high-quality uncooked supplies for our trade.

Saroj Kumar Mahapatra, Government Director, PRADAN, stated crop diversification and sustainable farming practices on the panchayat and block ranges is the necessity of the hour which is able to guarantee localised affect.

Sat Kumar Tomer, Founder & CEO, Satyukt Analytics, welcomed the announcement of the Nationwide Geospatial Mission, terming it revolutionary, as real-time spatial knowledge can remodel precision farming by optimising water and enter in a small space beneath agriculture. 

Sat Kumar Tomer, Founder & CEO, Satyukt Analytics

As we transfer towards our climate-resilient future, satellite-based analytics embedded with authorities schemes might be like magic for farmers as they acquire insights to work on sustainable and worthwhile agriculture, he stated.  

Renuka Diwan, Co-founder and CEO, BioPrime, stated the institution of large-scale clusters for vegetable manufacturing close to main consumption centres will streamline provide chains and guarantee brisker produce for customers.  

Vimal Kumar Alawadhi, Managing Director, Finest Agrolife Ltd, stated, the focused growth of seeds (together with business availability of 100-plus seed varieties) with pest resistance, excessive yield and local weather resilience will improve general productiveness.  

Give attention to 4 ‘I’s

Anand Ramanathan, accomplice, client merchandise and retail sector chief, Deloitte India, stated the bulletins on agriculture as the primary development engine have been complete in scope and can result in enhanced agricultural productiveness and rural livelihoods. 

“Import substitution has acquired a fillip with the scheme on authorities procurement assist for pulses and augmentation of capability for home urea manufacturing. Exports have additionally acquired a lift with the bulletins on marine processing, makhana cultivation and the cotton mission, “ he stated. 

Pushan Sharma, Director- Analysis, Crisil Intelligence on Agriculture, stated  the main focus is on 4 ‘I’s — revenue, inflation, import discount and insulation from local weather change. This assumes significance as altering climate patterns have contributed to meals inflation, which averaged 8.4 per cent throughout April-December 2024 versus 2.7 per cent for non-food inflation.  

Shashi Kant Singh, Companion – Agriculture and Meals, PwC India, stated continued assist in the direction of empowering cooperatives and farmer producer organisations (FPOs) in addition to centered initiatives for fisheries reinforces the Authorities’s dedication in the direction of inclusive and sustainable development for the agriculture sector. 

Strengthening provide chain

Padmanand V, Companion and Agriculture Trade Chief, Grant Thornton Bharat, stated aggressive import substitution in pulses and oilseeds to phased MSP assist for 4 years and thrust on fisheries had been game-changing proposals. 

Vivek Iyer, Companion, Grant Thornton Bharat, stated agricultural reforms purpose to strengthen provide chains, promote balanced vitamin, and improve meals safety, not directly curbing long-term meals inflation.  

Aashish Kasad, Nationwide Chief – Chemical compounds and Agriculture sector, EY India, stated, “The Finances has underscored agriculture as one of many energy engines, unveiling a sequence of insurance policies and monetary plans for the sector, aimed toward reaching the target of Viksit Bharat.”

Vimal Kumar Alawadhi, Managing Director, Finest Agrolife Ltd, stated the Finances initiatives will velocity up agricultural productiveness and development, growing prosperity in rural areas. The provision of each short-term and long-term credit score might be a giant enhance for rural areas.

Sanjay Shirodkar, Co-Founder, Wavar, stated by prioritising sustainability, the funds lays the muse for long-term agricultural development, making certain higher productiveness and profitability for farmers.

Well timed for fisheries

Amit Vatsyayan, Chief -Agriculture, Livelihood, Social and Expertise, EY India, stated, a structured coverage framework for sustainable fisheries is each well timed and important. Investing in last-mile supply know-how and upskilling the workforce in digital and logistics administration might be key to unlocking its full potential and driving inclusive development. 

Tarun Ahuja, Founder & CEO, And Fungi, stated the Finances’s emphasis on crop diversification and enhanced agricultural assist had been welcome.  The Finances is a game-changer for the health-conscious meals trade.  

Anand V S, Managing Director at NOCIL Restricted, stated the emphasis on infrastructure growth, with an allocation exceeding ₹11 lakh crore, will considerably improve provide chain resilience and the expansion of direct and oblique sectors.

Anand V S, Managing Director at NOCIL Restricted

SK Chaudhary, Chairman, Safex Chemical compounds, stated the federal government has tabled a visionary doc capturing the roadmap to pivot India’s position as an financial world superpower. “We applaud the daring and strategic reforms that draw the worldwide consideration to India’s coming of age in important areas of meals, important assets, and vitality safety,” he stated.   

‘Stronger Make in India’

RG Agarwal, Chairman Emeritus, Dhanuka Agritech Restricted, stated the funds is a big step in the direction of a stronger, Make in India agriculture sector to spice up the spirit of farmers. “Whereas many optimistic initiatives have been put earlier than us, we urge the federal government to revisit and make it 5 per cent GST on important agricultural inputs,” he stated.  

Abhishek Jain, Director, Inexperienced Financial system and Influence Improvements, Council on Vitality, Setting and Water (CEEW), stated the federal government shouldn’t solely have a look at the kilograms of output but additionally the micronutrient profile of agricultural manufacturing. “Chasing amount, our produce is more and more turning into disadvantaged of essential micronutrients, contributing to a rampant subject of micronutrient deficiency,” he stated.

Utham Gowda, Founder and Group CEO, Captain Contemporary, stated the declining pattern in Indian marine merchandise worth since 2021-22 underscores the dire have to prioritise value-driven exports together with volume-driven development.

Utham Gowda, Founder and Group CEO, Captain Contemporary

Tackling rural migration

Ankur Aggarwal, Chairman – CropLife India and Managing Director of Crystal Crop Safety Ltd., stated the federal government’s well-defined imaginative and prescient to forestall migration from rural areas, coupled with the scheme that prioritises girls and youth, is a welcome and forward-thinking step.  

Saket Chirania, Co-Founding father of Agrizy, stated the slew of measures launched by the federal government, from reforms envisage within the Finances will guarantee the convenience of doing enterprise and assist unlock contemporary alternatives for growth, innovation, and world competitiveness.

Mayur Modi, Co-Founder, MoneyBoxx, stated encouraging farm income appears to be the mandate from the Finances.  The Finances spurs agriculture in each immediately and not directly.  

Madan Mohan, President, The Worldwide Federation of Indigenous Zebu Cattle Of India (IFIZCI), stated the elevated mortgage restrict beneath the Modified Curiosity Subvention Scheme from ₹3 lakh to ₹5 lakh is a welcome transfer for farmers engaged in agriculture and allied actions. This can present much-needed monetary assist to small and marginal farmers, enabling them to entry credit score at a decrease rate of interest.  

Value give attention to yield

Amit Patjoshi, CEO, Palladium India, stated the Finance Minister’s sturdy emphasis on agriculture within the Finances is a transformative step towards making India the meals basket of the world.  

Rohit Mehrotra, Co-founder of Natural Tattva, stated an 8 per cent enhance in subsidies for meals, fertilizer, cooking fuel and infrastructure growth goals at boosting agricultural productiveness and supporting farmer’s monetary well-being.

Ankur Aggarwal, Managing Director, Crystal Crop Safety Restricted and Chairman, CropLife India and Managing Director of Crystal Crop Safety Ltd, stated, the exact give attention to enhancing productiveness within the Finances is anticipated to foster vital development within the agricultural sector, benefiting farmers and selling sustainable farming practices. The federal government’s well-defined imaginative and prescient to forestall migration from rural areas, coupled with the scheme that prioritizes girls and youth, is a welcome and forward-thinking step.

Haresh Karamchandani, MD & Group CEO, HyFun Meals, stated the federal government is continuous to push farm exports to a brand new stage, with a strategic purpose of reaching $80 billion by 2030. That is additionally consistent with India’s aspiration to be a world meals powerhouse. Improved chilly chain infrastructure and streamlined export logistics will empower Indian meals manufacturers to increase their world footprint.

Alternative for dairy

Ranjith Mukundan, CEO & Co-founder Stellapps Applied sciences, stated the federal government’s give attention to revitalising the agricultural economic system by means of skilling, know-how, and funding is a robust step towards unlocking India’s agricultural potential. For the dairy sector, this presents a chance to reinforce productiveness, high quality, and world competitiveness.

Anubhav Agarwal, MD and CEO, BN Group, stated the federal government’s dedication to boosting oilseed manufacturing by means of the Nationwide Mission for Edible Oilseeds is a vital step towards lowering import dependency and strengthening India’s edible oil ecosystem.  For the edible oil sector, this push underscores the necessity for innovation, funding, and strategic growth to scale back import dependence and improve home manufacturing.  

Ajay Kakra, Chief, Meals and Agriculture, GIDAS, Forvis Mazars in India, stated the Finances takes a transformative strategy to agriculture by specializing in grassroots implementation and farmer empowerment.  

Meghna Mishra, Senior Companion at Karanjawala & Co, stated recognising the necessity for sustainable farming, a big budgetary allocation has been made for irrigation, agricultural infrastructure, and fashionable farming methods.   

Drone skilling

Pradeep Palelli, Co-Founder & CEO of Thanos Applied sciences, stated his firm was elated to listen to concerning the allocation of funds in the direction of creating 100 agri districts in Part 1 and skilling initiatives for rural youth, girls, and landless households. This substantial funding will catalyse the adoption of superior agri-tech options, together with precision farming and AI-driven analytics.

Chirag Sharma, CEO, Drone Vacation spot, stated the federal government’s dedication to boosting agriculture, MSMEs, and girls’s empowerment aligns completely with the imaginative and prescient for drone know-how to create actual affect in sectors like agriculture and ability growth.  

Aiding round economic system

Sachin Jain, Regional CEO, India, World Gold Council, stated the Finances proposals are advantageous for the gold trade as they enhance disposable incomes, encourage spending, and promote  financial development throughout varied revenue ranges.  

Praveena Rai, MD & CEO, MCX, stated the announcement made on removing of primary customs responsibility on waste and scrap of metallic commodities like copper, lead, zinc and others has the potential to spice up the round economic system, improve uncooked materials provides and assist home manufacturing. 

Renisha Chainani, Analysis Head, Augmont, stated the import duties the Finances included a brand new tariff line to obviously distinguish imports of gold in bar kind from these in different varieties, contemplating the disruption of the market created by imports of platinum alloy. Moreover, the 25 per cent customs tariffs on gold jewelry gadgets have been lowered.

MP Ahammed, Chairman, Malabar Group, stated the Finances has rightly focussed on providing fiscal impulse to spice up consumption. “For the retail and jewelry sector, an increase in consumption immediately interprets into stronger demand, fuelling growth and employment technology,’‘ he stated.