Punjab Eyes Smart Farming Investment from South Korea

Punjab Chief Minister Bhagwant Mann held discussions with a South Korean delegation in Chandigarh regarding investment in smart farming and advanced machinery. The aim is to provide small farmers with technologies like vertical farming and automation, making agriculture a profitable venture again. The collaboration focuses on smart farming, advanced machinery, and biotechnology, addressing concerns about declining profitability for small landholders due to land fragmentation. Punjab is inviting investment in the small agriculture machinery sector, which is expected to increase access to modern machinery and boost farmer incomes. South Korea's vertical farming technology, known for maximizing production on limited land, is seen as highly beneficial for Punjab. The state aims to develop Punjab as a small agri-machinery hub, inviting Korean companies to invest in automation, smart seed technology, and agricultural machinery. The delegation praised Punjab's positive stance and working environment, paving the way for farmers to access cost-effective, high-yield technology in the future.