FM Nirmala Sitharaman exhorts startups to concentrate on combating climate change
- ByStartupStory | November 28, 2022
Nirmala Sitharaman, the Union Finance Minister, advised entrepreneurs to concentrate on farming and climate change solutions. Sitharaman made the point that India, which is participating in the Paris Agreement on Climate Change, should find ways to deal with the unpredictable effects of climate change during her speech at the Vananam Startup Inclusion Summit.
Atmanirbhar Bharat is not just for defence or strategic matters, food security or manufacturing areas, she said, adding that it is also self-sufficiency to be able to transition to a better climate in India. She was speaking at a national-level summit organised by Vananam to promote inclusion in the start-up ecosystem in India.
She asked investors and start-ups to consider sectors such as improving farmer conditions and climate change solutions in addition to software as a service and fintech start-ups. “Defense manufacturing, clean energy, nuclear space, satellites, space technology, etc. have already been mentioned. I want you to look into some of those less desirable areas as well “she added.
Sitharaman emphasised the need for climate change solutions “There will be an increasing need for innovations to combat the climate and climate change. Climate change has a direct impact on agriculture and the nation’s supply chain.”
She continued, “Climate change-related challenges have an impact on agriculture, urban living, water management, disaster management, housing construction, industry, and national security. The finance minister issued a warning that the Indian economy would suffer greatly if the concerns related to climate change were not addressed, making them unaffordable for all.
Any nation won’t be able to subsume, absorb, or take on board the widespread damages that unfavourable climate and weather circumstances can produce, she said.
“No city or rural location can withstand the rapid increase in rainfall that used to occur over the course of the whole monsoon season. All of these are causing farmers to reevaluate how they will prepare the land by ploughing, sowing, and planting as well as when the crop will be ready for harvest “Nirmala Sitharaman, the FM, added.
People may observe farmers trying to alter their farming patterns, she continued. The uncertain monsoon months are pushing back the seed-sowing process.
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