The seed market in India today is in a steady growth due to the advancement of technology, rising demands in agriculture and the support from the government. India being one of the largest producers of crops in the world requires quality seeds to feed its increasing population. As for the recent tendencies, there is an increase in the interest towards the purchase of the hybrid and genetically modified seeds which indicate the need for the more productive and resistant types of crops. The use of such improved seed varieties is useful in increasing productivity and the ability to withstand pests which is even more important due to climate change and limited resources. This growth is anchored on government policies. Several initiatives are intended to improve the quality and supply of seeds in the country. Also, subsidies and support for research and development in the seed technology also encourage competition and improve the competence of the Indian seed industry.
It also involves the private sector in a large way. Several domestic and foreign firms are conducting research on seeds and development and as such, new seeds that suit different agro- climatic regions are being developed. Such an increase in investment is not only helping the markets grow but is also contributing to the technological development of seeds and processing. In addition, expansion of the agricultural area and implementation of the sustainable agriculture concept are also driving the growth of the seed market. These are making farmers more conscious of the importance of using quality seeds, thus leading to more competition in the market.
In the current issue, we introduce you to the top companies in this segment. In this issue, Industry Outlook has identified the select few companies that have done particularly well in this industry with a high level of dedication. We have found that these companies have gone the extra mile in proving their commitment to meet the customer needs in an integrated manner.
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