The Indian Minister of Finance and Corporate Affairs, Nirmala Sitharaman has called on start-ups to focus on climate change and farming solutions.
Sitharaman, who made the call while addressing a gathering at Vananam Start-up Inclusion Summit on Saturday, stressed the importance of innovations in climate change and farming solutions.
Addressing the national-level summit organised by Vananam Ventures Pvt Ltd, a Bengaluru- based alternative investment platform, the minister said, “Atmanirbhar Bharat is not just for defence or strategic matters, food security or manufacturing areas. It is also self-sufficiency to be able to transition to a better climate in India.”
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She called on investors and start-ups to go beyond banking and SaaS companies and prioritize less glamorous issues like combating climate change, enhancing farmer circumstances and millet production.
According to Sitharaman, climate change has a direct impact on agriculture and the nation’s supply chain.
The finance minister warned that the Indian economy would suffer greatly if the concerns related to climate change were not addressed, making them unaffordable for all.
She also told the group that the overall harm that bad climatic and weather circumstances can produce will be large for any government to bear.
Story was adapted from PR Newswire.
