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NITI Aayog member Ramesh Chand has said private sector can play a critical role in precision farming In India. It can provide advisory services, agrochemicals, and suitable technology to support agricultural development. Chand has emphasised on the importance of partnership between the private and public sectors for long-term agricultural growth. 

Chand further stressed on the need for coming up with new ways to boost agricultural output and recognising the wide range of agricultural practices across the country. He highlighted the growth seen in India's agricultural industry, notably in livestock and fisheries, with an annual increase of roughly 2.75 per cent.

He stated ‘The real challenge lies in increasing productivity. To do so, we must address concerns of cost, technological progress, and resource efficiency.’ He added small-scale farmers' dominance in India's agricultural environment and scalability difficulties.