December 9, 2012 11:46 AM

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Seed industry expected to grow by 53 per cent by 2015

The country's seed industry is expected to grow by 53 per cent to 10,700 crore rupees by 2015 on increased demand for high-yielding varieties to ensure food security. According to industry body Assocham, awareness about high-yielding varieties among farmers and public private partnership with a strong regulatory framework and collaborative research would be key measures to ensure smooth growth of the seed industry. In a statement, it said, presently, size of the domestic seed industry is about 7,000 crore with a production of 40 million quintals of various kinds of seeds.Assocham Secretary D S Rawat said, better quality seeds with vitality to raise crop yields from limited area is the need of the hour to ensure the country's food security.

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