Budget 2020

Focus on agri-biotech desirable

Ram Kaundinya | Updated on January 24, 2018 Published on March 01, 2015

Ram Kaundinya , Chairman of Association of Biotechnology Ltd

“The interim budget in 2014 had a very modest increase in financial outlay for the agri-biotechnology sector. With regard to the Budget 2015, widely expected to be a landmark budget, we were looking forward to seeing more stimulus for the agri-biotech industry to enable more productive and long-term gains for the sector. There are several new initiatives for the agri-sector announced by the FM that includes the creation of a unified national agriculture market, a renewed focus on micro-irrigation, as well as initiatives to improve rural infrastructure and an increase in farm credit. Having said that, the focus was clearly more on infrastructure and less on incentivising the agri-industry. While this will directly benefit the farm sector and help improve farm incomes, a more conducive policy for the agri-biotech industry would have been more welcome.

The writer is Director-General, ABLE-AG

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Published on March 01, 2015
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