Over 72,000 farmers in West Bengal have benefited from ITC Ltd’s coaching and consciousness programmes. In addition, the corporate’s subsidiary, Technico, which is among the largest suppliers of high quality seed potatoes within the state, gives early era seed to over 1,40,000 farmers in 14 districts.
According to ITC Chairman Sanjiv Puri, the corporate has applied a complete farmer join programme in West Bengal. Agriculture is the lifeblood of the economic system, and it’s particularly vital to the state due to the huge variety of jobs it gives and its future potential.
“I understand that agriculture employs nearly 60% of the state’s population and accounts for more than a fifth of the state’s Gross State Domestic Product.” Today, with large developments within the Agri sector, and alternatives arising from the digital revolution, altering client preferences, and export alternatives, this sector is poised to scale even increased orbits of progress, thereby not solely enhancing farmer incomes but in addition turning into a significant driver of the State’s financial progress,” mentioned Puri on the Agriculture sectoral session on the Bengal Global Business Summits.
Prospects in Food Processing:
There can be room for growth within the processed meals sector, provided that lower than 10% of agricultural produce within the nation is processed. Processed meals accounts for lower than 15% of India’s agricultural exports.
Given the numerous potential within the agro and allied sectors, West Bengal is well-positioned to capitalize on rising alternatives, because it has best-in-class aggressive benefits in agriculture and meals processing. The state is a frontline producer of a number of Agri commodities, together with paddy, horticulture, tea, jute, fish, and dairy, because of its six agro-climatic zones and plentiful rainfall.
The state additionally gives quite a few alternatives for agri-value addition by infrastructure investments corresponding to 5 meals parks, seven meals processing clusters, and an eco-system of meals processing.
Given West Bengal’s sturdy agricultural assets, ITC, which is current in all three sectors of the state’s economic system – agriculture, manufacturing, and companies – has made vital investments within the state’s meals processing sector over time. The firm operates two built-in meals manufacturing services in addition to seven different meals factories that assist native entrepreneurs. It can be vital to shift the state’s agro-ecosystem away from conventional production-centric provide chains and towards demand-responsive worth, chains centered on exports.
It is predicted that India’s agricultural exports will greater than double to $100 billion within the medium time period, attracting $10 billion in funding and creating 7-10 million new jobs. Bengal, as an agrarian state, could make a big contribution to this progress story. This has the potential to considerably enhance the State’s agrarian economic system and join farmers to world markets whereas rising their incomes.