Budget 2025 Expectations Live: Bolster tech in Agri-food industry
“As the Union Budget 2025-26 approaches, we are optimistic about policy measures that could further enable the integration of technology and innovation into the Agri-food industry. The Agri- food sector is undergoing rapid transformation, and strategic investments in digital infrastructure, automation, and advanced analytics are crucial to addressing evolving consumer needs and enhancing operational efficiency. Simplified compliance frameworks for tech-enabled solutions can empower businesses to introduce sustainable practices across the supply chain, from farm to table, while simultaneously fostering transparency and trust with consumers. Moreover, increased budgetary allocations towards research and development in agritech and foodtech can unlock new opportunities for collaboration and innovation. This would allow us to explore advancements in AI, IoT, and blockchain to build more resilient and intelligent supply chains and optimize logistics.
Additionally, as GCCs evolve into globally integrated innovation hubs, they play a pivotal role in driving technological advancements and intellectual property creation. To sustain and amplify this impact, the government should establish incubation hubs and incentivize start-ups. Restoring weighted deductions for R&D will boost India’s appeal as an innovation hub, encouraging GCCs to create advanced solutions and positioning India as a global R&D leader. Presently, several Indian states are proactively launching state level policies to attract GCC’s in tier-2 towns. We strongly feel there is need of a comprehensive federal policy in complement with state policies which will create conducive environment for GCC’s to thrive. The government must invest in advanced infrastructure, education, and training programs to prepare talent in these locations for high-demand, niche GCC roles and collaborate with stakeholders to establish institutions, labs, and training centers specializing in these areas. Industry-relevant curriculum innovation, large-scale internship programs, and incentives for GCCs to invest in skill development are critical. These efforts will ensure that India remains the preferred destination for high-value GCC operations,” says Ashish Mishra, Head of Digital & Technology at General Mills India Center (GCC).
