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Sectoral Overview and Business Opportunities

Agriculture – India has made significant progress in agriculture sector and has not only been able to feed its people but have enough surplus for export. The performance of the agricultural sector has continuously been improving through new agricultural techniques and tools acquired by Indian farmers, mechanisation, use of high yielding varieties of seeds, increasing use of fertilizers and irrigation facilities, on-going operational research in the country’s numerous agricultural universities and colleges, etc. While the share of agriculture in GDP (26.6 per cent in 2000-01) is declining because of faster growth of the services sector, agriculture accounts for 62 per cent of total employment. India had a buffer stock of foodgrains (wheat and rice) of nearly 50 million tonnes (Dec. 02). Agri-exports account for 13-18 per cent of total annual exports of the country. Agri-exports amounted to over US$ 6 billion in 2000-01. Opportunities of business in this sector includes:

Technology for growing and processing of fruits, vegetables, traditional herbs, natural remedies and spices and plant extracts for the food cosmetic and pharmaceutical industry; technology for production of organic horticultural produce for the export markets
production of basic raw materials such as : improved seeds, new plant material,
Agricultural equipments such as small tractors, harvesters and specific custom built equipment to manage tropical fruit trees and plants
Technology for pest management in bulk storage warehousing and quality control testing labs to test agricultural produce
Technical know how and marketing assistance to produce and package organic produce (high value fruit and vegetables) for export
Technical innovations and quality control procedures for commercial exports of horticultural products

Further details may be obtained from http://agricoop.nic.in/ or http://www.indiaagronet.com/

Telecommunications - India’s telecommunications network ranks among the top ten countries in the world. One of the world’s largest and fastest growing telecom markets, the country has an investment potential estimated at US$ 39 billion by 2005 and US$ 69 billion by 2010. The country now has a low telephone density of approximately 5 per cent, estimated to grow to 7 per cent by 2005 and 15 per cent by 2010. The government had allowed private participation in cellular services in 1992. This sector is now growing leaps and bound. As of November 2003, India's total mobile (CDMA+GSM) user base has exceeded 28 million. http://www.investindiatelecom.com/


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