Suggestions
Deepak Pareek
Forbes featured Rain Maker, Influencer, Investor, Mentor, Ecosystem creator focused on AgTech, FoodTech, CleanTech. A Farmer, Technology Pioneer - World Economic Forum, and an Author.
Professional Background
Deepak Pareek is a highly esteemed agriculture economist and technology strategist renowned for his transformative contributions to both social and business landscapes. With a robust career spanning over 25 years, Deepak has made significant strides in using technology to address key issues faced by various sectors worldwide. He has worked across 34 countries, applying his expertise in innovative business models and strategies that leverage cutting-edge technologies including Artificial Intelligence, Machine Learning, Blockchain, the Internet of Things (IoT), and Cloud Computing.
Throughout his career, Deepak has established and led numerous successful ventures aimed at integrating technology and agriculture. Known as a social technopreneur, he has passionately dedicated his entrepreneurial journey to finding solutions that not only enhance business performance but also drive societal progress. His remarkable ability to blend technology with business acumen has earned him recognition from prestigious organizations such as the World Economic Forum, the Future Agro Challenge, and the Indian Council for Food and Agriculture.
Education and Achievements
Deepak's academic foundation was laid at the National Institute of Technology in Surat, where he earned a Bachelor of Engineering degree in Electronics. His journey began in the hallowed halls of Kendriya Vidyalaya SAC, where he first nurtured his interest in technology and engineering. This strong educational background has equipped him with the necessary skills to excel in the ever-evolving fields of technology and agriculture.
His professional trajectory is marked by influential roles and significant contributions to various organizations. Deepak has held positions as Honorary Director at the Indian Chamber of Food and Agriculture and played a pivotal role as the Founding Convener of the Global Grains and Pulses Council. His experience as an Evangelist at the Asia Africa Food Forum showcased his commitment to fostering collaboration and innovation in food systems across these regions. Additionally, he served as a Chief Growth Officer at Suumaya Industries Limited, where he further honed his strategic insights into business growth and market expansion.
Deepak's entrepreneurial spirit is best reflected in his establishment of several pioneering AgriTech companies. His notable companies include AgriChain, DigiAgri, and MyCrop, which have all made impactful contributions to the field of agriculture. His earlier venture, HnyB Tech-Incubations Pvt. Ltd., was a groundbreaking social data analytics platform, further showcasing the depth of his innovative capabilities. Under his leadership, these organizations have successfully harnessed technology to tackle agricultural challenges and improve productivity for farmers and businesses alike.
Achievements
Deepak Pareek's career is decorated with multiple accolades and recognition from esteemed institutions. His achievements include being honored by the World Economic Forum for his role as a Technology Pioneer and receiving accolades from organizations like the DBS Foundation and NASSCOM for his entrepreneurial contributions to the tech and agriculture industries. His work has not only garnered respect from industry peers but has also contributed to sustainable agricultural practices that benefit communities worldwide.
Beyond his professional success, Deepak is driven by a deep-seated commitment to social responsibility. He firmly believes that technology should serve as a catalyst for Sustainable Inclusive Social and Economic Development. His projects reflect a long-standing commitment to agriculture, education, the environment, and rural empowerment, aligning with his vision of using technology for social good. Throughout his illustrious career, he has manifested this passion through various initiatives aimed at empowering local communities and integrating innovation into traditional agricultural practices.
Deepak continues to inspire others in the tech and agricultural sectors through his transformative approach to problem-solving and his visionary leadership. He remains a key figure in advocating for the utilization of technology as a tool for achieving significant advancements in the agriculture sector, striving to ensure food security and sustainable growth.
Highlights
AgriStack: The Next Digital Revolution or Another Pipe Dream?
The government’s latest digital public infrastructure (DPI) project, AgriStack, aims to transform India’s agriculture sector.
In the Union Budget 2024-25, Finance Minister Nirmala Sitharaman announced the implementation of AgriStack, a digital public infrastructure (DPI) for agriculture, over the next three years, integrating over 6 crore farmers into a formal land registry system. This follows the previous year's budget announcement of a Digital Public Infrastructure for Agriculture (DPIA), aimed at providing inclusive, farmer-centric solutions, enhancing access to farm inputs, credit, insurance, crop planning, market intelligence, and supporting agri-tech growth.
The AgriStack initiative began in 2021 with the Ministry of Agriculture & Farmers Welfare, Government of India forming a task force to develop a digital public infrastructure framework. I also had privilege of participating extensively in the deliberations. This led to the India Digital Ecosystem Architecture (IDEA) and the creation of the Unified Farmers Service platform. IDEA was outcome of the foundation laid by the World Economic Forum's flagship program Artificial Intelligence for Agriculture Innovations (AI4AI).
AgriStack seeks to revolutionize agriculture through advanced digital technologies, creating a unified platform consolidating various agricultural data sets. By leveraging data analytics, artificial intelligence, and other digital tools, it aims to enhance productivity, ensure better market access, and promote sustainable practices.
One key feature is the creation of a unique digital ID for each farmer, linking comprehensive data sets including land records, crop patterns, soil health, weather forecasts, and access to credit and insurance. This centralization aims to provide tailored advice and facilitate direct benefit transfers to farmers.
AgriStack's development started in 2021, with pilots in various states refining the system. Integrating applications like the government’s e-NAM, ITC Limited’s eChoupal, and NCDEX’s NeML, AgriStack promises comprehensive information on weather, supply chains, and warehousing. MoUs with companies like Microsoft, Cisco, Jio, Amazon, and Esri have further bolstered its development.
AgriStack, part of the Digital India initiative 2015, has been in discussion since 2020. Its success hinges on overcoming challenges like the digital divide, data standards, governance mechanisms, privacy concerns, and last but not the least availability of adequate budget.
Only time will tell if AgriStack can realize its transformative potential in the agricultural sector.
Centre imposes stock limits on tur and chana, including kabuli chana, until 30th September, 2024
Stock limits for each pulse is 200 MT for wholesalers; 5 MT for retailers; 5 MT at each retail outlet and 200 MT at depot for big chain retailers; last 3 months of production or 25% of annual installed capacity, whichever is higher, for the millers.
In a discussion on 28th May with Manisha Gupta of CNBC-TV18 had shared that this is the last resort of the government to curtail pulses prices, however more they wait better it would be. However, the government has gone ahead and done it. Interesting to see how importers in India, and exporters in origins like Myanmar, Tanzania, Australia, and Mozambique will see this development.
This is an evolving story and with uncertainty in monsoon we might be in for a volatile times ahead.
Read complete analysis on impact of this government decision tomorrow on Know Your Commodity LinkedIn page or by subscribing to the KYC WhatsApp Channel - https://lnkd.in/dJ36_Qyc

