Agritech sector to create 60-80K new jobs in next five years: TeamLease CSO

India's agritech sector is poised for significant growth, with expectations to create 60,000-80,000 new employment opportunities over the next five years, according to TeamLease Services. Currently employing around one lakh individuals, the sector spans roles such as AI development, supply chain management, and sustainable farming solutions. Agritech addresses various farming aspects, from advanced irrigation and machinery to market linkages and financial solutions like credit and insurance. It empowers farmers with real-time advisory services, including climatic forecasts and pest management, enhancing decision-making and promoting sustainable agriculture. Additionally, while cities like Bengaluru, Hyderabad, Pune, and Gurugram serve as hubs for agritech startups, job opportunities are concentrated in agriculture-intensive states such as Maharashtra, Punjab, and Tamil Nadu.

Despite its transformative potential, India's agritech market remains largely untapped, with only 1.5% penetration. The sector, valued at a US$ 24 billion opportunity, is being driven by advanced technologies like AI, IoT, and data analytics, while ensuring practical, user-friendly tools for smallholder farmers to boost yields and reduce costs. Agritech jobs feature a mix of hybrid and on-ground roles, with seasonal peaks offset by activities like data analysis and upskilling. With over 450 agritech startups growing at 25% annually (per NASSCOM), the sector is revolutionizing Indian agriculture by bridging gaps in technology, resources, and market access.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.