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Friday, February 26, 2016

Re: [MTC Global] More than Make in India, FM Needs to Focus on Farm in India

Dear Sirs,
It is being rightly proposed to permit 100% FDI in Food Processing Sector.
  • A). Food and agribusiness have a massive economic, social, and environmental footprint—the $5 trillion industry represents 10 percent of global consumer spending, 40 percent of employment. If current trends continue, by 2050, caloric demand will increase by 70 percent, and crop demand for human consumption and animal feed will increase by at least 100 percent.
  • B). At the same time, more resource constraints will emerge: for example, 40 percent of water demand in 2030 is unlikely to be met. Already, more than 20 percent of arable land is degraded.Sensing an opportunity, strategic and financial investors are racing to capture value from technological innovation and discontinuities in food and agriculture.
  • C). Food-and-agribusiness companies on average have demonstrated higher total returns to shareholders (TRS) than many other sectors: the TRS of more than 100 publicly traded food-and-agribusiness companies around the world increased an average of 17 percent annually between 2004 and 2013, compared with 13 percent for energy and 10 percent for information technology.(http://www.mckinsey.com/industries/chemicals/our-insights/pursuing-the-global-opportunity-in-food-and-agribusiness)
  • D) I think implementation of national vision needs active participation by the enterprising community of MBA and Technology graduates apart from Budgetary allocations. Innovations based start-ups in agriculture-based products will certainly pave the way for revitalizing the rural economy through Mudra Loan support (having learned enough lessons from NPAs of crony capitalism, misused cooperative capitalism, impracticality of state capitalism like China)....Encouraging privatization of Sugar Sector did help bringing efficiency.
Warm regards,
G.S.Autee

On Thu, Feb 25, 2016 at 1:26 PM, Ramesh Vemuganti <vemugantiramesh@gmail.com> wrote:
It is surprizing & unconvicing that Agriculture sector does not get priority in the Central Govt initiatives.

How can a nation progress when 60% of its people are not on the Govt radar & continue to dwell in 
poverty, low productivity, joblessness, poor wages, lack of sanitation, pathetic education etc.

What Mr Autee pointed out in terms of proliferating innovations & technologies in several aspects of Agriculture in our 
villages is the way to go.

Hope they realize it at least now. 

Also, what is there to worry so much about the 40% population living in towns & cities& metros  - they will take
care of their future!  Make in India, Digital India, Start up India are all fine & should happen in normal course -
not with unwarranted publicity & media slogans, as if they are a magic wand? Lots & lots of hard work is needed still!

regards

Prof Vemuganti Ramesh

On Wed, Feb 24, 2016 at 8:52 PM, Prof. Bholanath Dutta <bnath.dutta@gmail.com> wrote:
The agricultural sector has been neglected when in fact it has the potential to reboot the economy. Finance Minister's focus should therefore be on revitalizing agriculture. Budget 2016 provides the opportunity to do this.

Request esteemed MTCians' Views..

EDUCATE, EMPOWER, ELEVATE
Prof. Bholanath Dutta
Visionary Edupreneur, Founder &  President 
MTC Global: An Apex Global Advisory Body
in Management Education, ISO 9001: 2008
Partner: UN Global Compact I UN Academic Impact

 

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