Food and Agriculture
Agriculture is a priority sector for Telangana as well as India. Telangana was the 6th highest contributor to the country’s GDP at current prices in 2021, with the contribution of agriculture being the highest – around 16%.
Technology and innovation are considered to be key drivers of the agricultural economy in next decade. The entire agritech market is led by more than 1000 startups in India. But taking these innovations to from the inception to impact stage comes with its own set of challenges, majorly because of the multi-dimensional nature of the agriculture sector.
RICH is working with several stakeholders in the space to foster greater collaboration between various entities in the agriculture ecosystem, enabling easier and faster development and deployment of newer technologies. Alongside, RICH is also working with international organizations like the World Economic Forum and World Bank in developing solutions to diverse problems in the agriculture sector.
India’s pharmaceutical sector is responsible for around 3.6 percent of the global pharma sector by value, and Telangana accounted for about 30% of the total revenue generated by the Indian life sciences industry in 2020.
Dubbed as the “Vaccine Hub of the World”, Hyderabad has become the epicenter of the life sciences industry in India. It also houses India’s largest bio cluster – The Genome Valley. Also known as the Pharma capital of India, Hyderabad has over 600 life sciences companies, which contributes over 35% to India’s production.
With the government’s constant effort to boost the growth in this sector, and the presence of research institutions such as IICT, CCMB, CDFD, Hyderabad has become one of the hottest innovation and startup ecosystems in the country. RICH is working towards fostering greater collaboration between key stakeholders in the ecosystem to help accelerate the adoption of new technologies and innovations in this sector.
The 2030 SDGs, authored and adopted by the United Nations member states to build a more prosperous world while protecting the environment consists of 17 goals that cut across various sectors such as agriculture, sanitation, health, and energy. While India has prioritized key sectors for intervention through policy and funding, several grass-root innovators, development organizations and scientific institutions have responded to this global call for sustainable development through design and technological innovations.
There are many challenges faced by these innovators like funding, testing, Intellectual property, market access, etc, which act as a hindrance in the process of scaling up the technological innovation. RICH intends to help the technologies innovation through the value chain to quicken the process of implementation.