Agency News

Business News | Scaling Solar-based Technologies Can Transform Farm Sector's Productivity: Industry Experts at India Energy Week 2025

Get latest articles and stories on Business at LatestLY. The panel featured insights from Ajay Mathur, Director General, International Solar Alliance; Swati Agarwal, Programme Officer, OAK Foundation; Uwe Gehlen, Head of German Development Cooperation in India and Minister, German Embassy, New Delhi; Subhodeep Basu, ICRIER; Harish Hande, Founder & CEO, SELCO Foundation; and Siraj Hussain, Advisor, Food Processing, FICCI.

Business News | Scaling Solar-based Technologies Can Transform Farm Sector's Productivity: Industry Experts at India Energy Week 2025

New Delhi [India], February 14 (ANI): Experts emphasised scaling solar energy solutions to enhance agricultural productivity, reduce costs, and integrate food and energy security at India Energy Week 2025 at a session titled "Solar-Based Farm Mechanisation for Transforming Agriculture Across the Global South."

The panel featured insights from Ajay Mathur, Director General, International Solar Alliance; Swati Agarwal, Programme Officer, OAK Foundation; Uwe Gehlen, Head of German Development Cooperation in India and Minister, German Embassy, New Delhi; Subhodeep Basu, ICRIER; Harish Hande, Founder & CEO, SELCO Foundation; and Siraj Hussain, Advisor, Food Processing, FICCI.

Also Read | Valentine's Day 2025 Wishes, Images and HD Wallpapers: Share V-Day Greetings, Love Quotes, Messages and Photos To Celebrate the Day of Romance With Your Partner.

Ajay Mathur highlighted the growing demand for cereals and the need for innovative, cost-effective solutions. He outlined key solar-based technologies, including solar pumps, solar cold storage, agri-PV systems (a method of using land for both agriculture and solar power generation), and electric tractors. He stressed that while the technology exists, financing models must evolve, and called for asset-based financing and guarantee mechanisms to attract global investors.

Harish Hande proposed a long-term asset-based financing model, advocating for reducing reliance on operational expenditure financing. He pointed to Meghalaya's capital loan model for women turmeric farmers as a replicable financial innovation.

Also Read | Gaza Ceasefire: Hamas Says It Will Free 3 More Hostages As Planned, Paving Way To Resolve Ceasefire Dispute With Israel.

Representing FICCI, Siraj Hussain discussed India's progress in solar-powered farm mechanisation, citing the distribution of 400,000 solar pumps under the KUSUM scheme and government-approved subsidies for solar cold storage under MIDH.

Swati Agarwal emphasised the need for policy frameworks that support the local workforce and balance capacity building with crop selection. She stressed aligning existing crop patterns with solar energy to build farmer confidence before introducing new crops, and integrating food and energy security. She also highlighted Agri-PV's potential and the need for greater awareness and training.

Subhodeep Basu emphasised the need for better stakeholder consultation. He identified two key challenges: the lack of a farmer-centric approach, with current models being private or academic-driven, and limited research on the impact of solar energy on crop productivity. While institutions like KASRI in Jodhpur have made some progress, further studies are needed.

He called for learning from global examples, citing Japan's soil norms and land use standards, along with best practices from China and the U.S. to develop India-specific Agri-PV policies. (ANI)

(The above story is verified and authored by ANI staff, ANI is South Asia's leading multimedia news agency with over 100 bureaus in India, South Asia and across the globe. ANI brings the latest news on Politics and Current Affairs in India & around the World, Sports, Health, Fitness, Entertainment, & News. The views appearing in the above post do not reflect the opinions of LatestLY)