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Over Rs25,000 crore to be invested in the farm sector

Over Rs25,000 crore to be invested in the farm sector
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First Published: Wed, Aug 15 2007. 11 24 AM IST
Updated: Wed, Aug 15 2007. 11 24 AM IST
By KM
New Delhi: The Prime Minister, in his Independence Day address, said Rs 25,000 crore would be invested in the farm sector to enhance agriculture production and livelihood of farmers. Revolution initiated during the mid-sixties, which made the country self sufficient in foodgrain.
The high yielding wheat varieties brought from Brazil worked wonders on Indian soil, raising the production to 17 million tons in 1967-68 from 12 million tons earlier. Nobel laureate Norman E Borlaug, C Subramaniam, M S Swaminathan and B P Pal are some of the pillars of the Green Revolution.
On the present state of affairs in agriculture, Chopra said adequate stock of food to feed its population has given India the security and dignity internationally.
The country produced a record 216.13 million tons of foodgrains in the 2006-07 crop year. The stock positions of wheat and rice as on 31 July stood at 12.02 million tons and 9.16 million tons respectively.
India, today, is the second largest producer of fruits with 45.5 MT and vegetables at 90.8 MT in the world, having a share of 10.23% and 14.45% in the total world production of fruits and vegetables respectively.
However, the import of wheat for the second year running has put a question mark on the country’s self-sufficiency in foodgrain production.
He said food self-sufficiency was based upon a narrow technology base, which has reached its climax.
“Now, India needs major investment in agriculture. It cannot progress unless the country makes huge investment in the sector,” he said, adding that total change is required in outlook to address inadequacies in different pockets.
The Prime Minister, in his Independence Day address, said Rs 25,000 crore would be invested in the farm sector to enhance agriculture production and livelihood of farmers.
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First Published: Wed, Aug 15 2007. 11 24 AM IST