Agri Invest is an investment portal set up by the Ministry of Agriculture and Farmers Welfare, India. The portal provides access to information on how to do business, market entry strategies, and the regulatory framework in India.
Under restricted circumstances, FDI via the automatic route is allowed in the agricultural sector. This includes services relating to the agro and allied sectors and developing and manufacturing seeds and planting materials.
Agriculture exports in FY20 totaled INR 1.14 lakh crore ($15.5 BN USD), placing India among the top 20 agricultural exporters in the world. Iran, Saudi Arabia, Vietnam, the United Arab Emirates, the United States, Iraq, and Nepal make up the top ten importers with 46% of global imports.
The Objective of Agri Invest
- Increased investment in India’s agriculture sector
- To make the investors hand holding process easier
- Utilize the potential of all the agriculture sub sectors.
- To assist and direct investors with the vital infrastructure that India has to offer
- With the help of the State and the Central Government’s programs, policies, and incentives, support investors and businesses.
The portal gives the following agricultural information about India.
These are the agricultural areas highlighted on the portal
Agricultural Machinery
- Nearly one-third of the world’s total tractor production is produced in India.
- In 2019–20, India will export 92,000 units annually.
- As of 2017, India’s farm mechanization level ranges from 40% to 45% (high penetration states include UP, Punjab, and Haryana).
Seeds
- Market size: $3.1 billion (2018-19)
- Fruit and vegetable seeds worth 14,796.11 MT and Rs. 723.43 crores (101.50 US million) were exported (2019-20)
- Export Destinations: the Netherlands, the United States, Bangladesh, Thailand, and Pakistan
Agrochemicals
- The market size was $4.1 billion in 2019 and is projected to double to US$8.1 billion by 2025
- 13th largest exporter of insecticides and the fifth greatest exporter of agrochemicals
- Agrochemicals are a net export from India.
- In India, agrochemical consumption is currently 0.27 kg per hectare, while in the US, it is 4.58 kg per hectare.
Cold Chain
Crops from the horticultural industry, such as potatoes, are stored in 75% of the nation’s cold storage capacity.
In UP, Punjab, Gujarat, Maharashtra, and West Bengal, there are more than 63% of cold storage facilities (majorly for potatoes)
Cold storage ownership in the nation:
- 95% in the private sector
- 10% Cooperatives
- Projects in the Public Sector: 2%
Horticulture: Fruits and Vegetables
- The biggest producer of okra and ginger
- Potato, onion, cauliflower, brinjal, and cabbage production are second to none in the world.
- Most significant papaya, mango, and banana producer
- 9,182.88 crores/ 1,277.38 million dollars were exported.
- Fruits: 668.75 USD million or Rs. 4,832.81 crores
- Veggies: Rs. 4,350.13 crores/$608.48 million
Horticulture: Floriculture
- Indian Floriculture: 130 billion Indian Rupees in 2017. projected to grow at a CAGR of 20% from 2018 to 2023, reaching INR 394 billion.
- 249 thousand hectares were under cultivation for floriculture (2015-16)
- 16,949.37 MT exported for Rs. 541.61 billion/$75.89 billion
- Exporting to the USA, Netherlands, Germany, UK, and UAE
- 300 units in India that focus on exports
Project Development Cell
The purpose of the project development cell is the following:
- Make investments more streamlined and focused.
- Give investors the assistance they need to resolve any obstacles so they can complete their investment plans.
- Make and keep a list of investible projects organized by state and sector.
- Get all regulatory permissions expedited.
- Bring up concerns on the shortlist before the Empowered Group of Secretaries.
Invest India Team
The invest India team gives the following support:
- Awareness and Engagement: Opportunity Assessment
- Business Advisory: Partner/Location Search Market Strategy
- Strategy and Implementation: Regulatory Clearance Policy Guidance
- Investor Aftercare: Issue Redressal
- Long-Term Partnership: Continuous Engagement
Organizational Structure
• Shri Vivek Aggarwal, Additional Secretary, Department of Agriculture and Farmers’ Welfare
• Shri Rakesh Tiwari, Director, Department of Agriculture and Farmers’ Welfare
• Shri Dharani Koganti, Representative, Sector Head Invest India
Location
Dr. Rajendra Prasad Rd, opposite Rail Bawan, Rajpath Area, Central Secretariat, New Delhi, Delhi 110001
To ask any questions related to the rights of NRIs, PIOs, and OCIs, you can download SBNRI App from the Google Play Store or App Store. You can also use the SBNRI app for investment in stock market/ mutual funds, NRI account opening, tax filing, etc. To ask any questions, click on the button below. Also, visit our blog for more details.
FAQs
The portal provides access to information on how to do business, market entry strategies, and the regulatory framework in India.
The Ministry of Agriculture and Farmers Welfare, India has set up this portal.
Agriculture exports in FY20 totaled INR 1.14 lakh crore ($15.5 BN USD).
Iran, Saudi Arabia, Vietnam, the United Arab Emirates, the United States, Iraq, and Nepal make up the top ten importers with 46% of global imports.
