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J&K should aim to double agri production and investments in food sector in next 5 yrs: ASSOCHAM 10/18/2016 10:34:56 PM Early Times Report Jammu, Oct 18: With over 70 per cent of Jammu and Kashmir's (J&K) population depending upon agriculture for its livelihood, the state needs to double its agriculture production including both horticulture and food grains from current level of about five million tonnes, according to a just concluded ASSOCHAM-RNCOS joint study. "Though about 33 lakh people in J&K are directly or indirectly engaged in agriculture and allied activities, the state runs a net food grain deficit owing to various factors like single cropping season in high altitude areas, low technological advancement, inferior quality of seeds and primitive agricultural practices," noted the study titled 'Agri-food business outlook in J&K,' conducted by ASSOCHAM jointly with knowledge firm RNCOS. The study was released by D.S. Rawat, secretary general, ASSOCHAM along with the chamber's Cyber Security Council chief, Mr Babu Lal Jain and senior director, O.S. Tyagi at a press conference held in Jammu today. Food and agro-based products attracted investments worth about Rs 233 crore as of 2015-16 i.e. which is less than even one per cent of the total outstanding investments worth about Rs two lakh crore attracted by J&K in various sectors both from public and private sources. However, investments attracted by food and agro-based industries in J&K increased almost 10 times from just over Rs 20 crore attracted by the state as of 2010-11, thereby showcasing the immense potential for growth in the sector. Dairy production in J&K has been clocking annual growth rate of about 19 per cent and has the potential to cross five million tonne (MT) mark from about two million tonne recorded in 2014-15.   Share This News with Your Friends on Social Network     Comment on this Story

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