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Agrotech, IT

JDLink connectivity includes machine and agronomic data sharing at no additional cost without additional subscriptions or renewals required

John Deere, the provider of advanced products, technology and services for customers whose work is revolutionising agriculture, is offering customers JDLink connectivity service at no additional charge, making it easy for customers to connect machines and to stay connected. The change allows customers to quickly activate the JDLink connectivity service and manage their connected machines within their John Deere Operations Center account, either on the web or the mobile app. Connectivity subscriptions or renewals are no longer required so customers can simply activate the service and leave it on.

After logging into Operations Center, customers will be prompted and asked if they want to activate the service. After completing a few easy steps, JDLink connectivity service will be enabled to provide simple, seamless, continuous wireless service and make it possible for customers to monitor their machines and their farms anytime from anywhere.

An available automatic enrollment feature means customers no longer need to worry about machine connections; future purchases of equipment built with JDLink mobile telematics gateways (MTGs) can be automatically enrolled.

JDLink connectivity provides customers with a single level of service that includes machine and agronomic data sharing and all the features available within the Operations Center. “This change enables customers to unlock the full value from Connected Support and precision ag technology on their farm,” Jennifer Badding, manager, precision ag for John Deere said. Customers with existing JDLink subscription service agreements can allow them to remain in place until they expire. However, customers can convert existing subscriptions to the new connectivity service at any time, at no additional charge.

“Previously for each machine, customers had to choose the right subscription, timeframe and price. Activations took many steps and each subscription renewal had to be separately managed,” Badding said. “Because of the extra steps required, some customers let their subscriptions lapse or they passed on the opportunity to connect their machines. As a result, these customers have been missing out on the value of Connected Support and precision agriculture.”

As farm sizes continue to grow, Badding said farmers are finding it increasingly difficult to hire the skilled labour they need. In addition, more farmers are remotely managing their operations and depend on being connected to make timely adjustments when needed.

“Connectivity is critical for today’s farms and no other company offers better agronomic and machine connectivity than John Deere,” Badding said. “Linking customers to their work, results, teams, advisors, equipment, dealer and to John Deere is important, and we’re making connectivity simple. This way customers can focus on their farms with less worry about connecting several different machines or managing multiple subscriptions.”

Specific services, features and options available to customers may vary depending on their location and the machines.

 

JDLink connectivity includes machine and agronomic data

Agrotech, Start ups

A startup Intech Harness will provide pump controller for farmers facing erratic power and water conditions

Atal Incubation Center-International Institute of Information Technology (AIC-IIITH) has launched Raftaar – a COVID Support Acceleration programme in collaboration with EPAM. The Raftaar programme is a part of EPAM’s CSR effort to make a sustainable social impact and will support four for-profit social enterprises with a bridge grant of up to Rs 3 lakhs and other non-financial support.

The selected startups are:

  • Jivoule Biofuels: A tech-enabled supply chain for collection of used cooking oil and convert it into biodiesel to be blended with regular diesel to reduce carbon emissions and utilise biodiesel without any alterations of current automobiles. This will solve environmental and health concerns.
  • Intech Harness: A patented, IoT-enabled farmer obedient pump controller for farmers facing erratic power and water conditions to automate farm irrigation with an ability to respond to power and water disruption without human intervention.
  • Tekra Solutions (myUDAAN): myUDAAN provides Mobility Assistance for persons with a disability and the elderly, including accessibility information and mobility assistant service on-demand to aid them to venture out freely with freedom.
  • ClimateX: An integrated decision support platform (SaaS) that provides urban climate intelligence to the property, construction, financial, insurance and government sectors.


These and other similar startups using technology to improve access and impact in areas like healthcare, agriculture, environment and circular economy can help move the needle on India’s efforts towards the UN sustainable development goals. The programme helps them overcome the disruption caused by COVID-19 on their business operations and help amplify their impact and/or make them sustainable.

“We value knowledge sharing and education so much within EPAM and are proud to sponsor a variety of technology-related initiatives that act as a driving force for good, especially social impact-focused startups that have been greatly impacted by the pandemic,” said Shamilka Samarasinha, Head of Corporate Social Responsibility, EPAM.

“The recipients of the Raftaar COVID Support Accelerator program are making impressive strides towards sustainability. The programme is just another way we continue to support our global and local communities.”

The key programme highlights include:

    Milestone-based Bridge grant support up to INR 3 Lakh per startup
    Bootcamps/workshops on various topics
    Masterclasses and mentorship provided by expert
    Refining business model and support scaling for impact
    Access to CIE Startup services
    IIIT-H’s technology expertise, lab facilities, and talent pool

Prof Ramesh Loganathan, Director, AIC-IIITH said, “COVID has disrupted the entire society and support for Social Startups is an essential tool to build back better. This is a timely programme that has been designed in keeping with the institute’s credo of encouraging research and education that makes a difference.”

A startup Intech Harness will provide pump

AgroPolicy, IT

Farmers will be able to get information in the desired language

A digital platform ‘KisanSarathi’ was launched jointly by Narendra Singh Tomar, Minister for Agriculture and Farmers Welfare with Ashwini Vaishnaw, Minister for Electronics and Information Technology, on the occasion of 93rd ICAR Foundation Day.

 

The event was presided over by Parshottam Rupala, Minister for Fisheries, Animal Husbandry and Dairying, Kailash Choudhary, Minister of State for Agriculture & Farmers Welfare and Shobha Karandlaje, Minister of State for Agriculture & Farmers Welfare. 

 

The other dignitaries present in the virtual event were Ajay Sawhney, Secretary, Ministry of Electronics and Information Technology, Dr Trilochan Mohapatra, Secretary (DARE) and Director General (ICAR), Abhishek Singh, MD & CEO, Digital India Corporation and senior officials from MeitY, ICAR & DARE. The event was attended by farmers, stakeholders and partners of ICAR, DARE, MeitY and KVKs across the country.

 

In his address, Vaishnaw, mentioned that with the digital platform, the farmers can interact and avail personalised advisories on agriculture and allied areas directly from the respective scientists of Krishi Vigyan Kendra (KVKs).

 

Vaishnaw asked the ICAR scientists to take up research on new technological interventions in the area of transportation of farmer’s crops from their farm gate to warehouses, markets and the places where they want to sell with minimum damage. Union IT Minister assured that Ministry of Electronics and IT and Ministry of Communications will always be ready to provide all necessary support to Ministry of Agriculture and Farmers Welfare and Ministry of Fisheries, Animal Husbandry and Dairying for Empowerment of Farmers. He also mentioned that the Ministry of Railways is making a plan to minimise the time taken for the transportation of crops.

 

Farmers will be able to get information

Finance, Start ups

 Samunnati will offer farmers loans to purchase the Kheyti Rakshak kits, which are 80 per cent less expensive compared to other alternatives in the market. 

 

 

 

 

 Hyderabad-based company Kheyti is partnering with Samunnati to deliver these micro greenhouses called Kheyti Rakshak to over one lakh farmers.To start off with, the partnership will provide the kits to over 100 farmers across Telangana and Karnataka and eventually expand it to one lakh farmers in the next 4-5 years. Under this partnership potentially $150 million (approximately Rs 1,000 crore) will be deployed by Samunnati to make this model reach 1 lakh smallholders.

Raghu, co-founder and president, Kheyti, said, “By collaborating with Samunnati, we unlocked capital to reach 100,000 farmers. Now, we intend to partner with relevant farmer focused organizations across India and the world.”

Kheyti helps smallholder farmers battle climate change through the greenhouse-in-a-box, a low-cost greenhouse bundled with end-to-end services and it helps the farmers grow quality vegetables even in off seasons. Meanwhile, Samunnati will offer farmers loans to purchase the Kheyti Rakshak kits, which are 80 per cent less expensive compared to other alternatives in the market. The kits fits in 2 per cent of their land and costs 90 per cent less than regular greenhouses and protects crops from environmental risks.

Anilkumar SG, CEO and founder, Samunnati, said, “We are excited about our collaboration with Kheyti and together we look forward to bringing the benefits of innovative agri solutions to the smallholder farmers across India.”

 Samunnati will offer farmers loans to purchase

Agro chems – Fertilizers, Environment

The market is expected to surpass a valuation of $9479 thousand, exhibiting a year-on-year growth of over 7.7 per cent in 2021

As per a recent study by Future Market Insight (FMI), the demand for microalgae in the fertiliser sector is expected to rise at a CAGR of 8.7 per cent during the forecast period. The market is expected to surpass a valuation of $9479 thousand, exhibiting a year-on-year growth of over 7.7 per cent in 2021.

According to FMI, the global demand for microalgae in the fertiliser sector grew at a CAGR of 5.2 per cent during the historical period of 2016-2020 owing to improved organic farming and increasing implementation of bio-fertilisers.

Improvement in technology used for sustainable farming is expected to shift focus from microalgae sourced from freshwater to species derived from marine water due to the ample availability of the latter. The demand for marine water microalgae in the fertilisers sector is expected to rise at a CAGR of 12.1 per cent during the forecast period of 2021 to 2031.

The rise in organic farming owing to the increasing adoption of organic food consumption is driving the market towards bio-fertilisers. This is in turn is boosting the demand for use of microalgae in fertiliser formulations.

There has been a considerable shift towards environmental friendly agriculture practices to enhance the productivity of crops, quality of the crop, and improve soil stability. Key manufacturers are thus investing in research and development (R&D) activities to boost their sales and expand their consumer base.

The market is expected to surpass a

Agrotech, North America, R&D

The multi-year agreement for two technologies will benefit US farmers

Corteva Agriscience and Andermatt USA signed a multi-year agreement for two technologies that will benefit US farmers. Andermatt USA is the US subsidiary of Andermatt Biocontrol AG, global pioneer in producing microbiological products for biological pest control.

 

As part of the agreement, Corteva receives an exclusive license to a bioinsecticide based on the naturally occurring insecticidal virus, Helicoverpa armigera nucleopolyhedrovirus. The active ingredient targets larvae of African cotton bollworm, corn earworm and other Helicoverpa species. The unique technology allows efficient and sustainable control of these pests, which damage crops including soybeans, cotton, sorghum and corn.

 

Corteva also receives an exclusive license to a bio fungicide that helps provide a disease-inhibiting protective shield around plants. Based on the active ingredient Bacillus velezensis (synonym B. amyloliquefaciens spp. plantarum), the biofungicide guards plants such as potatoes, fruits and vegetables against soil-borne pathogens including Rhizoctonia. Corteva will offer these technologies through its brands in the US market under the names Hearken bioinsecticide and Bexfond bio fungicide, respectively.

 

“This is another demonstration of Corteva Agriscience’s continuous commitment to providing farmers with a broad range of biological solutions. We are enabling additional tools for sustainable production, resistance management and residue management in exporting crops with proven, predictable performance; all of our biologicals are tested and meet Corteva Agriscience’s high standards in Research & Development,” said Susanne Wasson, President, Crop Protection Business Platform, Corteva Agriscience.

 

Corteva’s model for developing its best-in-class Biologicals portfolio combines external innovation, R&D collaboration, licensing, and distribution. This agreement demonstrates how Corteva is targeting collaborations that bring a broad range of external technologies, including well-established companies in the Biologicals space to expand access to a complete set of sustainable solutions in line with the Corteva Agriscience 2030 Sustainability Goals.

The multi-year agreement for two technologies will

Acquaculture, AgroPolicy

According to Piyush Goyal, India will be submitting proposals soon to address the concerns related to the sector

Union Commerce and Industry Minister Piyush Goyal recently took part at the ministerial meeting of the World Trade Organisation (WTO) on the crucial fisheries subsidy negotiations.

Goyal mentioned that India is very keen to finalise the agreement because irrational subsidies and overfishing by many countries is hurting Indian fishermen and their livelihood. However, he expressed his disappointment and said, “We are still short of finding the right balance and fairness in the agreement.”

He pointed out that big subsidisers must take greater responsibility to reduce their subsidies and fishing capacities, by the principles of ‘ Polluter Pays’ and ‘Common but Differentiated Responsibilities.’

According to Goyal, any agreement must recognise that different countries are at different stages of development and current fishing arrangements reflect their current economic capacities. Needs will change with time as countries develop. Any agreement will have to provide for balancing current and future needs. This imbalance between members is visible in current capacities to exploit fisheries in domestic waters and the high seas. The per capita fisheries subsidy is given by most developing countries is minuscule compared to advanced fishing nations. Countries like India are yet to develop fishing capabilities, cannot be expected to sacrifice their future ambitions, while protecting those members providing huge subsidies and overexploiting fisheries resources and continue to engage in unsustainable fishing. Therefore, it is imperative to preserve space for growth in fishing capacities of the developing world for the future without locking them into disadvantageous arrangements in perpetuity.

Secondly, he opined that the sustainability-based approach in the overcapacity and overfishing pillar in the current form will create significant inequity for developing countries. It will lead to capacity constraints for developing countries, while advanced nations will continue to grant subsidies.

Thirdly, if non-specific fuel subsidies are not brought under disciplines, another major disparity will be introduced by large harmful subsidies outside of all disciplines.

Fourth, giving special treatment to non-recovery of subsidies under Government-to-Government fisheries ‘access agreements’ is akin to cherry-picking.

Fifth, any new agreement has to be seen in the context of existing international instruments and the laws of the sea. The sovereign rights of coastal states to explore, exploit and manage living resources within their maritime jurisdiction, enshrined in international instruments must be preserved. The determination by coastal states should be given primacy and not be subject to WTO dispute settlement mechanism.

Sixth, an important element of what India wants is appropriate and effective special and differential treatment (S&DT), in the true spirit as enshrined in the guiding principles of the Marrakesh Agreement. Limiting S&DT to poor and artisanal fishermen only is neither appropriate nor affordable and not acceptable at all. S&DT has to be for a country as a whole. We need S&DT to not only protect the livelihoods of poor fishermen but also to address food security concerns of a nation, have the necessary policy space for developing the fisheries sector and for the time required to put in place systems to implement the disciplines.

Finally, he mentioned, “We still need to cover significant ground to make the text balanced, to meet the just concerns of developing and LDC Members. India will be submitting proposals very soon to address our concerns including incorporating ‘common but differentiated responsibilities in sharing this common endowment.”

According to Piyush Goyal, India will be

AgroPolicy, Middle East countries, Trade

Mango varieties including Chausa and Langra, sourced in collaboration with the Uttar Pradesh Mandi Board, is being displayed in the United Arab Emirates

India has been able to boost mango exports this season, especially from the non-traditional northern and eastern regions of the country, notwithstanding logistical challenges posed by the COVID-19 pandemic.

As part of this initiative, APEDA in collaboration with the India embassy and the importer LuLu Group, organised a mango promotion programme in Dubai for varieties from northern India. Juicy varieties including Chausa and Langra, sourced in collaboration with the Uttar Pradesh Mandi Board, is being displayed in the United Arab Emirates. APEDA also recently organised a mango promotion programme at Doha, Qatar where nine varieties of mangoes including GI certified from West Bengal and Uttar Pradesh were displayed at the stores of importer Family Food Centre.

Recently, for boosting mango export potential from the eastern region especially to the Middle East countries, a consignment of Geographical Identification (GI) certified Fazil mango variety from Malda district of West Bengal was exported to Bahrain. The consignment of Fazil mango was exported by APEDA registered DM enterprises, Kolkata and imported by Al Jazira group, Bahrain.

APEDA has been initiating measures to boost mango exports from non-traditional regions and states. APEDA has been conducting virtual buyer-seller meets and festivals to promote mango exports.

The nine varieties which were exported includes GI certified Khirsapati (Malda, West Bengal), Lakkhanbhog (Malda, West Bengal), Fazli (Malda, West Bengal), Dusshheri (Malihabad, Uttar Pradesh) and Amrapali and Chausa (Malda, West Bengal) and Langda (Nadiya, West Bengal).

In June 2021, a week-long Indian mango promotion programme was organised in Bahrain where 16 varieties of the fruit including three GI certified Khirsapati&Lakshmanbhog (West Bengal), Zardalu (Bihar) were displayed. The varieties of mangoes were sold through 13 stores of the group in Bahrain. The mangoes were sourced from farmers in Bengal and Bihar by APEDA registered exporters.

APEDA also organised a mango festival in Berlin, Germany. In a bid to increase mangoes exports to South Korea, APEDA in collaboration with the Indian embassy, Seoul and the Indian Chamber of Commerce in Korea, had earlier organised a Virtual Buyer Seller Meet.

For the first time in this season, India has shipped a consignment of 2.5 Metric Tonne (MTs) of GI certified Banganapalli and other variety Survarnarekha mangoes sourced from farmers in Krishna and Chittor districts of Andhra Pradesh to South Korea.

Mango in India is also referred to as ‘King of Fruits’ and referred to as Kalpavriksha (wish-granting tree) in ancient scriptures. While most of the states in India have mango plantations, Uttar Pradesh, Bihar, Andhra Pradesh, Telangana, Karnataka have a major share in the total production of the fruit.

Alphonso, Kesar, Totapuri and Banganpalli are leading export varieties from India. Mango exports primarily take place in three forms: fresh mango, mango pulp, and mango slice.

Mango varieties including Chausa and Langra, sourced

AgroPolicy, Machinery – Post-harvesting

Releases second advance estimate of area and production of horticultural crops for 2020-21

The Ministry of Agriculture and Farmers Welfare has released the second advance estimates of area and production of various horticultural crops for the year 2020-21 based on information received from the States/UTs and other government source agencies.

Union Minister of Agriculture and Farmers Welfare, Narendra Singh Tomar informed that farmer-friendly policies of the government, tireless efforts of farmers and research of scientists resulted in horticulture production of 329.86 million tonnes in the year 2020-21. The production estimates are the highest so far and it reflects an increase of 9.39 million tonnes (2.93 per cent) in comparison to 2019-20.

Tomar informed that according to the second advance estimate of area and production of horticulture crops, the production of fruits is estimated to be 102.76 million tonnes this year as compared to 102.08 million tonnes achieved in the year 2019-20. The production of vegetables is estimated to be 196.27 million tonnes (growth of 4.42 per cent) as compared to 188.28 million tonnes in the previous year.

The production of onion is estimated to be 26.92 million tonnes as compared to 26.09 million tonnes achieved in the year 2019-20. Similarly, potato production is estimated to be 53.69 million tonnes (an increase of 10.55 per cent) as compared to 48.56 million tonnes in the year 2019-20.

Tomato production is reported to be 21.00 million tonnes as compared to 20.55 million tonnes in the year 2019-20. Similarly, aromatic and medicinal crops have registered a growth of 6.11% with an estimated production of 0.78 million tonnes this year as compared to 0.73 million tonnes in the year 2019-20. The production of plantation crops has increased to 16.60 million tonnes from 16.12 million tonnes in the previous year. The production of spices has increased to 10.54 million tonnes (growth of 3.93 per cent) in the year 2020-21 as compared to 10.14 million tonnes achieved last year.

 

Releases second advance estimate of area and

Agrotech, Finance, Start ups

Supply chain digitalization solutions dominate India’s Ag-Tech sector, accounting for 85% of total invested capital in 2020  

 ThinkAg, an Ag-Tech platform working towards improved outcomes in Indian food and agriculture, has announced the release of its report titled ‘Ag-Tech in India: Investment Landscape Report 2021’ – an annual publication about the investment and innovation landscape in Indian Ag-Tech. It is supported by 3 organizations closely associated with the agriculture and Ag-Tech sectors: Rabo Foundation, ADB Ventures and Bayer CropScience Limited.

The ‘Ag-Tech in India: Investment Landscape Report 2021’, the second edition of this publication, looks at deal activity, capital flows, investor profiles and business models emergent in India’s Ag-Tech sector in 2020. To capture a systematic view, surveys of key stakeholder groups – innovators, investors and corporates – were conducted and the key findings have been featured in this publication. Providing a forward-looking view, the report identifies the likely drivers of innovations, investments and outcomes in the Indian Ag-Tech landscape in years to come. 

Some key findings of this report include:

Pandemic’s impact precipitated a slowdown in Ag-Tech investments in 2020, though the sector’s long-term prospects remain favourable.

Capital flowing into the Ag-Tech sector in 2020 amounted to $40.9.5 million, 35 per cent lower than in 2019 and spread across 28% fewer deals. Investors leaned towards backing proven business models and chose to boost existing portfolio investments to tide over challenges posed by the pandemic.

Supply chain solutions continued to see growth and corner capital

Digitalization and optimization of India’s numerous and fragmented supply chains continue to dominate India’s Ag-Tech landscape, accounting for 85% of the total investment and two-thirds of first-time deals in 2020. There are also a growing variety of models in the sub-sector, particularly – agribusiness marketplaces for output in addition to consumer-proximate ones and, emergence of novel solutions for allied sector (dairy, poultry etc.) supply chains. 

Healthier Ag-Tech investment pipeline

The 2020 edition of this report, covering investments from 2014 to 2019, identified a bloated-middle in the Ag-Tech sector’s investment pipeline, referring to many startups raising bridge funding, while first-time deals and late-stage investments remained low. In 2020, this was overcome to some extent, with half of the startups raising follow-on capital, more than doubling their previous fundraise. Since 2019, first-time deals and investments in higher-end funding brackets (above $5 million) have grown in proportion. 

Diverse investor profile heralds the attractiveness and maturity of Indian Ag-Tech

2020 saw a greater diversification of investors in Indian Ag-Tech, with greater participation from domestic and international private equity and growth capital providers, increased interest and investments by sector-agnostic venture investors and the entry of large e-commerce companies as strategic investors in the Ag-Tech space.

Ag-Tech start-ups are pursuing a variety of paths to scale

Hyper fragmentation in Indian agriculture, the need for locally specific solutions and the plug and play nature of some high-tech solutions are some of driving factors behind Indian Ag-Tech companies’ chosen paths to scale. Significant approaches include, full stack solutions spanning multiple agri-value chain players and services, locally specific tech-enabled supply chains, and pure-tech B2B SaaS models with potential for global scalability.

 Commenting on the report’s findings, Ram Kaundinya, Director General, Federation of Seed Industry of India and Co-founder, ThinkAg said, “Given Ag-Tech’s tremendous potential to transform Indian agriculture, understanding the factors that drive its adoption, becomes an imperative. Solving for improved farmer incomes, robust agri-value chains and more sustainable agricultural practices; the sector is witnessing innovations across technologies and business models. We hope the findings of this report will inform ecosystem stakeholders about the solutions at play and encourage investment and engagement in this crucial space.”

Reflecting on the evolution of Ag-Tech in India, Arindom Datta, Executive Director and Head, Rural & Development Banking/Advisory, Rabobank, said, “The current capital inflows in Ag-Tech are betting on innovators’ potential to address and solve the challenge of achieving scale in Indian agriculture. It is vital for private capital to back businesses that tackle the critical issues of inclusiveness, access to finance and climate complexities present within the domain of agriculture. Backed by the appropriate policies, technology can be the enabler for a sustainable agri transition, addressing issues being faced by farmers, consumers and the environment.”

Supply chain digitalization solutions dominate India’s Ag-Tech

AgroPolicy, Trade

According to the chairman of NABARD, FPOs are playing a key role in increasing exports

After remaining stagnant for the past three years at $38.43 billion in 2017-18, $38.74 billion in 2018-19 and $35.16 billion in 2019-20, the export of agriculture and allied products (including marine and plantation products) jumped to $41.25 billion in 2020-21. This represented a stunning 17 per cent rise. On the other hand, overall exports from India suffered a 7.2 per cent fall to $ 256.34 billion, down from the $ 313 billion in 2020-21.

“Producers have understood the overseas market requirements and the quality of products that are in demand. This is driving agri exports from India. China has emerged as a major buyer of agriculture products in the world markets. Also, we are amid a commodity supercycle,” said Dr GR Chintala, Chairman, Nabard.
 
Chintala said Farmer Producer Organisations (FPO ) are playing a key role in increasing exports from the country. There are about 8,000 FPOs in the country, of which 4868 FPOs are funded by NABARD and its subsidiaries. The farmers’ benefits have increased by 20 per cent to 40 per cent after they joined FPOs because they get the inputs at competitive prices, hire machinery and add value to their products to garner better prices in the markets.
 
NABARD has a target of disbursing Rs 7.5 lakh crore for agriculture and rural development in FY22 as compared to 6.57 lakh crore in FY21.
 
To ensure farmers obtain minimum support prices for their produce, NABARD has strengthened procurement operations of various state governments. “In FY21, we had disbursed around Rs 50,000 crore on procurement head. This year we aim to increase it by another Rs 5,000 crore – Rs 10,000 crore,” the NABARD chairman added.
 
NABARD has come out with a new product called Rural Infrastructure Assistance (RIAS) for eastern Indian states. “We are seeing that several eastern India states are keen to borrow under RIAS to set up medical infrastructure,” Chintala said.

According to the chairman of NABARD, FPOs

Finance, Trade

The company posted an EBIDTA of Rs 94 crores in Q4FY21

Cotton yarn manufacturer SVP Global Ventures recently got listed on the National Stock Exchange (NSE) in Mumbai. 

 

Speaking at the inaugural ceremony Chirag Pittie, Whole Time Director, SVP Global Ventures said, “Today SVP Global Ventures has achieved another milestone in its journey of growth. The company is the leading manufacturer of compact cotton yarn in the world. The company is on a growth trajectory. We have achieved sustained growth year on year. Listing of the company on the NSE will provide wider coverage and opportunity to more number of retail investors to participate in the growth story.”

 

Earlier this month the company announced its Q4FY21 and FY21 results. Speaking about the sustained growth Maj Gen OP Gulia, CEO, the Group said, “The company recovered strongly from the COVID-19 lockdown in the first half of the year and posted EBIDTA of Rs 94 Crores in Q4FY21, a growth of 41.4 per cent YoY and net profit of Rs 38.25 crore for the quarter ended March 2021. The revenue rose to Rs 571.1 crore during the fourth quarter.”

 

 

The company posted an EBIDTA of Rs

Logistics, Supply Chain

The new FI4 service, that combines previous Jade Express and Chennai Express, will connect South East Asia with India and Pakistan on a single direct service. 

Maersk is redesigning its ocean network in West & Central Asia that connects countries including India, Bangladesh, Sri Lanka, Pakistan, UAE and Saudi Arabia to the world. The changes in network are primarily aimed at improving speed to market, providing higher predictability and offering more flexibility to customers’ supply chains. Further, redesigning the network will also bring more resilience to the customers’ supply chains, protecting them better from operational challenges that arise out of contingencies.

Mads Skov-Hansen, Head of Liner Operations Cluster, Maersk West & Central Asia said, “Since the beginning of the COVID-19 pandemic, supply chains have experienced a perfect storm. The unprecedented scale of operational challenges restricting supply during the pandemic and the strong demand surge in parallel led to significant bottlenecks, capacity issues and unforeseen delays across supply chains. This prompted us to redesign our ocean network to overcome these challenges and make our customers’ supply chains more resilient”.

Bhavan Vempati, Regional Head of Ocean Management, Maersk West & Central Asia said, “As a part of redesigning of the network, the ME6 service as well as transhipment on AE1 at Colombo will be discontinued. Customers will continue to have the options to connect their cargo on a full array of services calling West & Central Asia. The network changes will be implemented in a phased manner and will not affect the total deployed capacity in the global network.”

 Improved speed to market

The new ME4 service will offer a direct coverage between Doha and North Europe, thus improving speed to market by up to 5 days and by up to 6 days from Jebel Ali to West Africa for majority of customers.

The ME3 service connecting fresh produce exporters from Pakistan to Russia will see an improvement in what are already ‘best-in-industry’ transit times. This will further reduce wastage of the fresh produce by maintaining its integrity through end-to-end cold chain logistics offered by Maersk in Pakistan.

The FI3 service will change from fortnightly to weekly giving frequent options for importers getting cargo from Far East into North India.

Improved predictability and flexibility

The ME7 service will connect South India’s lifestyle, retail and automotive manufacturing sector directly to Europe. The cargo will thus flow smoothly without getting affected by unforeseen delays in case of congestions.

The ME7 service will also provide a direct and regular rotation between the hubs of Colombo and Salalah, thus letting customers have a more flexible option of moving their cargo.

The new FI4 service, that combines previous Jade Express and Chennai Express, will connect South East Asia with India and Pakistan on a single direct service.

The new FI4 service, that combines previous

Agro chems – Fertilizers, Agrotech

Ties up with Virya to support the exponential growth and commercial opportunities in Asia

Azotic Technologies and Virya announced an agreement to fund rapid global expansion of the Azotic sustainable nitrogen solutions business model. Azotic produces Envita and N-Fix which lead the bio fertility category as the only nitrogen-fixing bacteria that works across multiple crops from within plant cells to fix nitrogen from the air. The technology allows farmers around the world to sustainably manage their nitrogen fertility programme while not compromising productivity.

 

“The investment from Virya allows us to support the exponential growth we are experiencing in the US and Canada as well as accelerate commercial opportunities in Asia, increase production capacity and enhance formulation development,” explains Ray Chyc, CEO, Azotic, “Our technology provides the balance between productivity and sustainability that agriculture needs and aligns to the purposeful investment strategy of Virya.”

 

Applied in a liquid formulation as an in-furrow or foliar application, Envita and N-Fix allow farmers to reduce synthetic nitrogen fertilizer use 25-50 per cent while maintaining yield or to apply to existing fertility programmes to boost yields. Dry formulations and seed treatment options are the next innovations in the product development pipeline of this patent-protected technology.

 

“We are excited about the great potential for Azotic to reduce the carbon footprint of agriculture through solutions that are profitable for farmers,” said Chris Anderson, the lead investor in Virya.

 

Rapid expansion and hiring begin immediately and run parallel to a global partnership strategy that seeks licensees and master distributors in key markets around the globe. 

 

Ties up with Virya to support the