The increasing trends of hydroponic agribusiness in India are attracting enormous scopes for rapid business growth. It is high time to invest in hydroponic collaboration with Indian farms. The reasons are simple:
- The increasing global population need more food, and India with the second-highest population is in dire need of food.
- Increasing urbanization has led to extensive growth of the middle class in India and increased incomes have created an inclination towards quality products.
- The middle-class demands high-quality fruits and vegetables and the availability of the same is scarce in the cities.
- Agriculture in rural areas is unable to meet these demands as they get restricted by the cost of transportation from rural farms to cities.
- India is importing high-quality food from GCC and East Asia.
- Urban agriculture is the only way to resolve this crisis and a hydroponic farming setup company in India is the only solution.
Why JV with local companies is important?
The major cities of India, especially Bengaluru, Mumbai and Delhi are getting extensively involved in developing hydroponics as the core agribusiness. The increasing demands of high-quality foods in these cities are generating tremendous sources for employment and Joint Venture (JV) partnerships. Hydroponic farming training in India has been structured to meet the demands of the upcoming commercial hydroponic projects. Many JV partners from these cities are offering professional hydroponic training to people from different educational backgrounds, particularly those with agriculture and business management qualifications. The core subjects in these training involve- optimal usage of water, land and sources of energy (electricity in particular), methods for sustainable agriculture, scientific data analyses for business growth, chemical evaluations, and sales, marketing & business management. These training programs are effective in gaining insight into the hydroponic joint venture and the provisions through which JVs can attain prosperous business in future. the core contributions in this advent are:
- Dedicated collaborations
- Getting involved as a team
- Support with investment
- Management of commercial assistances
Above all, there is the scope to get genuine and instant local support for meeting the six basic needs for the establishment of a successful hydroponic JV business-
Selection of Site
— hydroponics is a “controlled environment agriculture” (or the CEA) and must get the right site with adequate light duration and intensity. Selection of such site is possible by the JV with local partners. The local JV partners can also help in gaining an insect-free site for the business.
— instead of using fuel oil and natural gas, CEA based hydroponic farming can gain local support for the availability of appropriate energy sources like propane and electricity.
— with the local partner the available water can be quality checked. Water with alkalinity, magnesium, calcium, boron, can be replaced by cleaner water sources in a cost effective manner.
— JV with a local company can provide efficient technologists who can give all kinds of necessary information regarding humidity, carbon-did-oxide, levels of light, for the better growth of the fruits and vegetables.
Proper Growing System
—- availability of the two most effective growing media- rockwool & prelate, is hard to get in India. However, the JV with a local company can bring in better options by combining pertile with coco-peat.
Effectiveness of Hydroponic Collaboration
According to the Indian Council of Medical Research (ICMR), India is unable to meet the need for 275 gms of vegetables for its female population and 300 gms of vegetables for its male population. It is here that against traditional farming, India is getting highly engaged in hydroponic farming. The commercial proceedings of hydroponic farming in India have been made possible by generating scopes for business collaborations. These collaborations are getting recognised for offering-
Extensive technological support
— designed for growers with greenhouses, rooms for cultivation, and protection of crops, with remote automation facility.
— constant delivery of high-quality products and maintenance of innovation standards.
Supplies for growers
— stable and consistent on-time supply management, support with agronomy and services for operating farms.
Affordability and cost-effective
— with the extensive availability of highly skilled resources, business collaboration for hydroponics in India gets accomplished within a reasonably ranged expenditure.
— dedicated agricultural researchers, engineers, managers, and technical experts create a business plan based on the critical evaluations of their vision.
The collaborations are also responsible for the implementation of strategic management proceedings to establish and generate success to the hydroponic scheme for yielding high-quality fruits and vegetables. The terms and conditions for such business collaboration comprise complete trust and transparency norms. The investors are made aware of the entire business plan and were involved at every step of the business proceeding for the hydroponic farming setup company in India.
It is important to note here that Indian agripreneurs and agri-tech start-ups are coming up with advanced and highly efficient technologies in the domain of hydroponics and are making their services available at very competitive ranges. Faster adoption of business collaborations with these agripreneurs and agri-tech start-ups through Joint Venture (JV) is highly recommended.
Following the aforementioned business support, the hydroponic JV in India can offer higher ranges of Return on Investment (RoI). These JVs are capable of delivering excellence in –
- Highly skilled management teams
- Agricultural R&D scholars for nurturing high-quality crops
- Professionals for managing farms in urban areas
- Systematic assistance to meet the demands of the market
- Absolute support in marketing and sales of the products
The hydroponic JV in India can get facilitated under the following provisions:
Based on your choice you can consider the operational costs for the hydroponic joint venture. For instance, in the case of hydroponic tomato production, you can make a considerable investment for an acre of land, for a year. The collected RoI for this investment can be expected to be around 3 to 4 times of your investment, per annum. Such returns are worth the investment and are subject to generate rapid and commendable profit margins for your business.