Food and Agri sector:
The budget restores our confidence for agriculture and allied industries to increase their contribution to GDP in coming days. With the expansion of NABARD refinance scheme and extension of Agri-credit to Rs 15 lakh crores, there definitely is a greater scope to address the industry’s challenges at a grassroot level. The ability of states to fuel infrastructure support in tandem with the push for increased cold chain infrastructure for agriculture, horticulture, dairy and fisheries will be key to tackling the food loss in our country.
With efficient implementation, the Kisan Rail and Krishi Udaan schemes will be helpful in buckling down the overall cost within the farm-to-fork process, thereby driving profitability for farmers and reducing prices for consumers.
Additionally, the vision to double our milk capacity to 108 MT tonnes by 2025 and raise fish production to 2 lakh tonnes through FFPOs will help in building a new ecosystem of start-ups across the agri and allied sectors and thereby help create newer job opportunities in the nation. Overall, the budget this year certainly brings in exciting times ahead as we look forward to great advancements in our rejuvenated ecosystem.
About Danfoss India
Danfoss India is an industry leader focused on energy efficient solutions, is a 100-percent owned subsidiary of Danfoss Group. Danfoss India serves a wide range of industries that rely on Danfoss products for like Drives, heating valves, controls & solutions for refrigeration, air conditioning, HVAC, heavy industries, district cooling and under floor heating applications. Danfoss engineers technologies that enable the world of tomorrow to do more with less.
Established in 1998, Danfoss India is headquartered in Oragadam Chennai. True to its promise of energy efficiency, the 500-crore manufacturing facility at Danfoss’ Oragadam campus is a LEED Platinum rated facility with an on ground solar installation and has a focus on R&D and also houses an application lab. The focus of this centre is to design and innovate products for climate and energy for both India and outside market. Danfoss’ nation-wide sales and support network comprises of 10 offices and a strong network of channel partners and over 900+ employees. Mr. Ravichandran Purushothaman is the President of Danfoss in India.