Impact of industrial development on agriculture: How to mitigate without affecting the growth target?

 

India, known as an agrarian country, plays a crucial role in feeding millions, including the underprivileged, in partnership with the UNDP to eradicate poverty and reduce inequalities through sustainable development. The government's focus has shifted towards industrial development via the 'Make in India' initiative. Emphasis on entrepreneurship and fostering a robust startup ecosystem aims to achieve developmental goals and provide livelihoods for the nation's ambitious youth. Consequently, India boasts the fastest-growing unicorns, marking a positive stride towards these goals. This transformation is occurring rapidly, bridging existing gaps. However, the establishment of new industries necessitates reevaluating traditional approaches by government-run institutions and private corporations. Expanding geographical boundaries to accommodate industrial demands is not feasible. Moreover, the real estate and infrastructure sectors' needs will likely reduce land available for agriculture, placing immense pressure on it. With nearly 17.8% of the world's population, India faces the challenge of feeding its people amidst climate change and diminishing cultivable land. This predicament calls for visionary government policies and innovative thinking to overcome the limitations of conventional methods.

To alleviate the strain on the agricultural sector, a policy shift is necessary to utilize the resources of India's over 1000 public universities and institutes, which is set to increase with the transformation of some colleges into universities. These institutions possess extensive land banks that are largely underutilized and could be employed to develop office spaces for corporate entities and shared research and development facilities. This strategy could generate additional revenue by renting out space to private firms, aiding in the financial sustainability of government-funded institutes. Moreover, it would facilitate the creation of a skilled workforce by making such facilities readily available to students and stakeholders under the terms of the agreement. Implementing this could significantly lessen the burden on the agricultural sector, contributing to the sustainable development goals of the nation. It would also mitigate the environmental impact of development activities. This initiative represents a step towards ending the segregation between industry and academia. The question remains: are we prepared to enact this change?


Weeping Rose

29.03.2024

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