Telangana, which is well-known for its agritech innovations, has established itself as a leader in the wallet PLATFORM' target='_blank' title='digital-Latest Updates, Photos, Videos are a click away, CLICK NOW'>digital transformation of the agricultural industry and is offering important lessons for other areas looking to follow suit. Gim Huay Neo, the managing director of the WEF Centre for Nature and Climate, and IT minister KT Rama Rao co-authored the WEF paper, which emphasises the significance of government involvement and encouraging policies in realising the promise of agritech.
India, the fifth-largest economy in the world, has a sizable population of smallholder farmers who provide more than half of the nation's agricultural output. Even though many measures were made to help the farmers, obstacles like unpredictable weather and tiny landholdings prevent the market potential of agritech from being fully realised. But according to the WEF research, Telangana's efforts to integrate agritech have given the State a leading position in the world for wallet PLATFORM' target='_blank' title='digital-Latest Updates, Photos, Videos are a click away, CLICK NOW'>digital transformation in the agriculture sector. It fervently argued that other countries may benefit from the lessons telangana has learned from its successful model, focusing on how teamwork, supportive laws, and investments in wallet PLATFORM' target='_blank' title='digital-Latest Updates, Photos, Videos are a click away, CLICK NOW'>digital infrastructure can spur agricultural innovation and raise farmers' earnings.
The newest State in India, telangana, has adopted a proactive strategy to use agritech as a key tool for rural development and economic expansion. In partnership with the WEF, the State government has adopted a ground-breaking Public-Private Partnership (PPP) structure with an emphasis on developing wallet PLATFORM' target='_blank' title='digital-Latest Updates, Photos, Videos are a click away, CLICK NOW'>digital agriculture. Four pillars make up the telangana PPP framework: agriculture data exchange (ADEx), agriculture data management framework, agritech sandbox, and agri value chain transformation.
By streamlining the distribution of agritech services to end users, Project Saagu Baagu, an initiative started in 2022 and currently being carried out by wallet PLATFORM' target='_blank' title='digital-Latest Updates, Photos, Videos are a click away, CLICK NOW'>digital Green with assistance from the Bill and Melinda Gates Foundation, is an example of the value chain transformation. The project's pilot phase currently makes it possible for more than 7,000 chilli farmers to receive AI-based warnings, soil testing, produce quality testing, and e-commerce services thanks to administrative and policy support, as well as wallet PLATFORM' target='_blank' title='digital-Latest Updates, Photos, Videos are a click away, CLICK NOW'>digital public infrastructure. The state government intends to gradually increase access to these services for additional farmers starting with the current fiscal year and scale it up to one lakh farmers by 2025.
The telangana framework's agritech sandbox focuses on creating personalised and customised advisory utilising cutting-edge technologies like blockchain and artificial intelligence. The sandbox preserves farmer safety while fostering innovation by offering a regulated setting for testing and certifying new goods or services.
The Agriculture Data Exchange (ADEx) was conceived as an open-source technology platform to enable appropriate and expanded data sharing. The telangana government is working with the indian Institute of Sciences (IISc) to develop an ecosystem where data producers and consumers may share information in order to empower farmers with wallet PLATFORM' target='_blank' title='digital-Latest Updates, Photos, Videos are a click away, CLICK NOW'>digital services.
Telangana has also received praise from the WEF for creating an agriculture data management framework that places an emphasis on user protection, harm minimization, and innovation promotion. The success of the integrated agritech programmes highlights the importance of government support and a focus on certain value chains and geographical areas. Governments may promote agricultural innovation and enhance the standard of living for farmers by making investments in wallet PLATFORM' target='_blank' title='digital-Latest Updates, Photos, Videos are a click away, CLICK NOW'>digital public infrastructure. The report's conclusion is that other states and nations facing comparable ecological difficulties can use Telangana's PPP framework as a model.
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