The Ministry of Agriculture entered into a partnership with the Federation of Indian Chambers of Commerce and Industry (FICCI) to attract public-private partnership projects in the sector.
Agriculture Minister Narendra Singh Tomar on Thursday launched a PMU on PPP in agriculture and emphasised the need to strengthen the agriculture sector as it will help in strengthening other sectors as well.
Tomar further stated that the PPP model can be the ideal model for growth in the agriculture sector and PPP projects must focus on benefitting the farmers through enhancement of their income.
According to the official statement, the primary objective of this PPP initiative is to enhance the income of small farmers by creating additional value, from the provisioning of quality inputs, technology extension to market linkages, and value addition.
Shubrakant Panda, Senior Vice President, FICCI expressed confidence that the PMU initiative for PPP in Agriculture launched today will accelerate large-scale PPP projects in agriculture by leveraging the private sector investments and bringing convergence of government schemes and subsidies.
PPP initiatives are also expected to lead to modernising agriculture practices, building climate resilience among farmers, developing agriculture and rural infrastructure, and increasing agricultural exports, the statement added.