Home2021 (Page 59)

Company reports PAT at Rs. 22.20 crore with highest ever Order Backlog of Rs. 2,023 crore 

 

Pune based Praj Industries (Praj), a globally leading process engineering company with a bouquet of sustainable solutions for Bioenergy, Compressed biogas, Critical process equipment & skids, Breweries, Industrial wastewater treatment and High purity water announced its unaudited financial results for the quarter ended June 30, 2021

Performance Review for Q1 FY22 – Consolidated:

  • Income from operations stood at Rs. 386.26 crore (Q1 FY21: Rs. 129.55 crore; Q4 FY21: Rs. 567.10 Crore)
  • PBT is at Rs. 29.80 crore for the period (Q1 FY21: Rs. (14.52 crore); Q4 FY21: Rs. 73.19 crore)
  • PAT is at Rs. 22.20 crore (Q1 FY21: Rs. (10.50 crore); Q4 FY21: Rs. 52.01)
  • Order intake during the quarter Rs. 661 crore (Q1 FY21: Rs. 310 crore; Q4 FY21: Rs. 650 crore) 

Commenting on the Company’s performance for Q1 FY2022, Shishir Joshipura, CEO  & MD, Praj Industries said, “Starting the year with the strong order book, we have delivered healthy set of numbers reflecting transformation of our promise to performance. Continued positive developments in the ethanol and other engineering business segments enabled us to further build a stronger order book. We remain confident that our customer centric approach combined with our technological prowess and robust execution capabilities will help us further capitalize growth opportunities.”

Over the past four decades, Praj has focused on the environment, energy, and agri-process industry, with over 750 customer references spanning 75 countries across 5 continents.Bio-Mobility and Bio-Prism are the mainstays of Praj’s contribution to the global Bioeconomy. The Bio-Mobility platform offers technology solutions globally to produce renewable transportation fuel, thus ensuring sustainable decarbonization through circular bioeconomy. The Bio-Prism portfolio comprises technologies for production of renewable chemicals and materials, promises sustainability, while reimagining nature. Praj’s R&D facility forms the backbone for the company’s endeavours towards a clean energy-based Bioeconomy.

Company reports PAT at Rs. 22.20 crore

The acquisition of Cytozyme Laboratories has opened up the opportunity to provide the most advanced nutrient use efficiency products to farmers

The Verdesian Life Sciences acquisition of Cytozyme Laboratories in April 2021 continues to show positive momentum. While the acquisition of Cytozyme made sense from a cultural and product mix standpoint, it also opened up the opportunity to provide the most advanced nutrient use efficiency products to farmers in parts of the world that were not privy to them previously. One of those key areas is India.

“International expansion is a top priority. Cytozyme’s global presence and long-standing partnerships filled strategic geographic needs,” said Rick Riegner, Executive VP, Strategy & Business Development. “The acquisition provided us an intact, highly-motivated Indian team, accelerating efforts to commercialise the broader Verdesian portfolio across India.”

RK Goyal, Business Director in South Asia said, “We will be able to offer our Indian growers new Verdesian technologies that will allow them to get the most out of their crops. Growers here are passionate about sustainable agriculture, and our growing product mix goes a long way in helping us all accomplish that.”

Since April, the Verdesian India team has been able to introduce four new products to growers in the country. These are AVAIL – Phosphorus Fertilizer Enhancer; NutriSphere-N – Nitrogen Fertilizer Manager; Primacy ALPHA – Foliar and Soil Nutrient and Take Off ST – Seed Treatment.

The acquisition of Cytozyme Laboratories has

The GROWMARK System and Indigo together will provide farmer owners with the end-to-end support necessary to succeed in the agricultural carbon opportunity. 

 

 

 GROWMARK, a farmer-owned cooperative focused on the success of its customers, and Indigo Ag, a company leveraging nature and technology to unlock economic and environmental progress in agriculture, announced a joint effort to spur participation in the growing market for agricultural carbon. Under this collaboration, the GROWMARK System’s network of FS branded retailers will help farmers navigate an increasingly complex soil carbon market and confidently get started on their carbon farming journey with the only high-quality, third-party verified credit program in operation today: Carbon by Indigo.

The GROWMARK System and Indigo together will provide farmer owners with the end-to-end support necessary to succeed in the agricultural carbon opportunity. Participating FS retailers will help farmers evaluate and enroll in Carbon by Indigo and implement beneficial farming practices proven to sequester carbon and abate greenhouse gas emissions. Upon enrollment, Indigo will leverage its advanced capabilities for measuring and verifying on-farm environmental impact at scale to translate the effects of farmers’ efforts into a new source of revenue in the form of premium carbon credits.

“The opportunity for farmers to benefit from public demand for high-quality carbon credits is tremendous,” said Mark Orr, Vice President, Agronomy, GROWMARK.

The two companies are joined in a mutual effort to ensure farmers are equipped with informed guidance as they contemplate participating in the carbon market and, if they do choose to enrol, are supported with the resources and knowledge to maximize their agronomic, environmental, and financial success. Building on Carbon by Indigo’s distinct focus on ensuring informed decision making, the GROWMARK System partnership enables farmers to confidently work with partners they know and trust to help them make the right decisions for their unique operation. Combining the extensive expertise of the GROWMARK System’s network of trained agronomists with Indigo’s experience operationalizing the demanding measurement and third-party verification standards set by leading global credit registries, the industry collaboration provides a simple and viable path for farmers to succeed with carbon in the long-term. 

“FS retailers in the GROWMARK System are proven industry leaders in offering trusted expertise to help farmers interpret and simplify the complexities of modern agriculture, and they do so over a broad geographical footprint,” said Chris Harbourt, Global Head of Carbon at Indigo Ag.

The GROWMARK System and Indigo together will

Rising demand, IoT, AI and livestock monitoring are some of the factors which can boost farming efficiency

According to a comprehensive research report by Market Research Future (MRFR), Global IoT in Agriculture Market information by Components, by Application and Region – forecast to 2027 market size will surpass $36 billion by 2026 at a CAGR of 13 per cent.

 

Rising demand for agricultural production due to rising population, increased adoption of Internet of Things (IoT) and Artificial Intelligence (AI) technology by farmers and growers, and an emphasis on livestock monitoring and disease detection to boost farming efficiency are a few main factors driving the growth of this market.

 

The World Economic Forum released a study that stressed IoT-based farming to maximise the use of water and pesticides. Smart robots, blockchain, and the Internet of Things are projected to be used in the future to produce synthetic foods for personalised nutrition. Precision agriculture technologies that use machine vision, big data analytics, and advanced robotics will allow farmers to apply the optimal number of inputs for each crop and assist with livestock and aquaculture management, increasing yields while decreasing water use and greenhouse gas emissions. 

 

Precision farming and IoT-based agriculture are projected to support 80–150 million farmers by 2030. Crop production is projected to increase by 100-300 million tonnes, with 5-20 million fewer megatonnes of CO2-equivalent released. In addition, water usage is expected to fall by 50-180 billion cubic meters. The widespread implementation of advanced agricultural technology has resulted in the 4th Industrial Revolution, which is expected to significantly increase crop yield while lowering production costs. Other factors driving the growth of the global IoT in the agriculture market include the need for efficient farming and increased government involvement in the promotion of farming technologies.

 

By component, the global IoT in the agriculture industry has been divided into software, system, and services. Sensing and monitoring systems, fish farming systems, livestock monitoring systems, smart greenhouse systems, automation and control systems, and others are all part of the system segment. Soil sensors, yield monitors, water sensors, climate sensors, and other sensing and monitoring systems have been listed.

 

North America has the largest share of the smart farming market since vendors in this area invest heavily in R&D.

Rising demand, IoT, AI and livestock monitoring

Aquaculture’s primary responsibility is to efficiently supplement wild-caught fish options to increase the amount of seafood available globally. Prasanna Manogaran, Co-founder and CEO, Aqgromalin gives an insight into how aquaculture can support the fragile marine ecosystem through restoring habitats

Aquaculture has existed for thousands of years. This age-old method of farming fish has been relied upon as a sustainable source of lean protein. The fact that aquaculture supports the fragile marine ecosystem through restoring habitats, replenishing wild fish and rebuilding threatened species clusters has made it a thriving industry akin to livestock rearing. 

 

With so much potential and popularity, comes keen scrutiny. Naysayers believe that aquaculture may be detrimental to the native fish population in the oceans which make up 70 per cent of the water on earth. However, there is one all-important aspect of Aquaculture that sometimes goes unnoticed: substituting farmed seafood for wild seafood is likely to reduce fishing pressure on wild fish. With one-third of the world’s wild fisheries overfished, any solution to reduce fishing pressure is certainly welcome.

 

The ever-rising demand for fish 

The world’s appetite for fish and fish products shows no sign of slowing. According to the UN World Population Prospects report, by 2050, the world population will have risen to 9.7 billion people. In 2016, the fishery generated nearly 171 million tonnes of fish and this provided nearly 20 per cent of the average animal protein intake for 3.2 billion people. 

 

Given these figures, we can safely assume that the increased population and resulting fish consumption will grow well above the production capacity of the oceans and seas shortly. 

 

Can commercial wild fishing satisfy this demand? 

Firstly, wild fishery poses a threat of overexploitation of certain popular marine species, such as salmon. 

 

Secondly, it also leads to rapid harvest stagnation making it feature low in terms of commercial viability and demand satisfaction. 

 

Thirdly, more than 85 per cent of the world’s fisheries have been pushed beyond their biological limits. This degradation of the underwater environment could be attributed to pollution, unplanned development, and the effects of climate change.

 

Declining fish populations, coupled with human-led ocean pollution, and the deterioration of important coastal ecosystems threatens fishery and the resulting economic and food security in many parts of the world. These challenges are further complicated by the changes in the ocean caused by climate change, which may extend the range of some fisheries while dramatically reducing the sustainability of other fisheries.

 

This is where aquaculture fits in, as the pivotal piece of the puzzle. Given that over half of the fish consumed globally now comes from aquaculture, it has the potential to, therefore, respond to this increase in the demand of fish for human consumption, to meet demand and protein requirements.

 

Potential of aquaculture

World aquaculture production attained another record high of 114.5 million tonnes in live weight in 2018. Aquaculture plays a critical role in feeding the world’s growing population with healthy, lean protein in a sustainable manner. Aquaculture’s primary responsibility is to efficiently supplement wild-caught fish options to increase the amount of seafood available globally.

 

The aquaculture industry has also made significant progress in areas where environmental factors have harmed production quantity and quality. For instance, to reduce nitrogen excretion by fish, some feeds have been formulated with lipids instead of proteins as an energy source. Plant proteins with lower phosphorus levels are also used in feeds to reduce water pollution because most fish meals contain more phosphorus than fish can absorb.

 

Typically, aquaculture occurs anywhere where there is access to a significant amount to water – in coastal ocean waters, freshwater ponds and rivers, and even tanks on land. Given the ease with which it can be set up, practised and converted to a profitable, sustainable and secure business, it is in all our hands to work together to protect our oceans and seas while ensuring sustainable livelihoods, diets and development of humans in future.

 

To ensure a food secure future for all, the aquaculture sector is key. 

Aquaculture’s primary responsibility is to efficiently supplement

Forbes list spotlights notable small companies and start-ups on the rise across the Asia-Pacific region.

 

 Chennai based aquaculture start-up “Aquaconnect” has been listed in the inaugural Forbes Asia 100 to watch list. Forbes list spotlights notable small companies and start-ups on the rise across the Asia-Pacific region. The list features 2 aquaculture start-ups and other start-ups in 10 categories across 17 countries and territories across the Asia-Pacific region. 

Founded in 2017, Aquaconnect is the pioneer of data and tech enabled aqua farming in India. It is a full-stack aquaculture technology venture that works with shrimp and fish aquaculture farmers to improve their farm productivity through AI and satellite remote sensing technology. Aquaconnect aims to promote sustainable aquafarming among the farming communities and works with 35,000+ farmers in various states of India. The company is working towards creating market linkages, formal finance and insurance accessibility for the Indian aqua farmers. 

Rajamanohar Somasundaram, CEO and Founder of Aquaconnect said, I am thrilled to learn that we are one of few Indian ag-tech startups that made it to the prestigious “Forbes Asia 100 to watch” list. India is the second largest global aquaculture player with a market value of about $20 billion. Aquaconnect’s technology innovations are aiming to improve the efficiency of India aquaculture value chain by bringing transparency, traceability and predictability across the value chain players. I believe Forbes listing is a great validation of our initiatives in making the Indian seafood industry sustainable and promoting responsible production & consumption.

“We support the Government of India’s vision to empower the aquaculture sector with a data-driven approach. We have evidently increased the tech adoption among 35,000 Indian aqua farmers and driven sustainable farming practices in every culture operation to improve their productivity & income. Our mission is to drive sustainability and improve the value chain with responsible production and consumption practices.” He added.

 

Forbes list spotlights notable small companies and

The webinar outlined a landscape analysis of the market potential and insurance opportunities on the Indian shrimp aquaculture

The ICAR-Central Institute of Brackishwater Aquaculture, Chennai in association with the Willis Towers Watson, a leading world re-insurance company organised an international webinar on the ’Scope of Reintroduction of Shrimp Crop Insurance in India’.

In his address, Dr KP Jithendran, Director, ICAR-CIBA, Chennai briefed about the Indian Shrimp Aquaculture and the potential for aquaculture insurance in India. Dr T Ravisankar, Principal Scientist, ICAR-CIBA, Chennai outlined a landscape analysis of the market potential and insurance opportunities on the Indian shrimp aquaculture.

The scope for introducing the ’Affinity Insurance’ with the involvement of hatchery and feed mill industry partners along with the merits and demerits of ’Indemnity’ and ’Parametric’ Insurance Schemes were also discussed during the occasion.

The Heads and Unit In-Charges of the ICAR-CIBA along with representatives from the insurance and reinsurance sectors participated in the meeting.

The webinar outlined a landscape analysis of

ICAR’s Pusa Decomposer Technology has been provided to farmers of 25 states

The government has taken various steps to create awareness about the new low-cost capsule which can convert the paddy stubble into bio-manure. Pusa Decomposer Technology developed by the Indian Council of Agricultural Research (ICAR)-Indian Agriculture Research Institute (IARI) for crop residue management, has been provided to the farmers of 25 states covering over 10,000 hectares of land during 2020-21. This information was provided by Union Minister for Agriculture and Farmers Welfare Narendra Singh Tomar.

 

Pusa Decomposer was provided for 5730 ha area to the Government of Uttar Pradesh (3700 ha), Punjab (200 ha), Delhi (800 ha), West Bengal (510 ha), Telangana (100 ha); Confederation of Indian Industry (100 ha) and NGO and Farmers (320 ha). Apart from this in-situ application of Pusa decomposer on paddy residue was demonstrated at farmers’ fields in several villages of Punjab and Haryana.

 

A field visit was also organised in association with the Delhi government officials for the scientists of PAU, Ludhiana and HAU, Hisar along with progressive farmers of Haryana, UP and Punjab to assess the decomposition of paddy straw using ’Pusa decomposer’ at Delhi farmers’ fields.

 

A weekly YouTube channel of IARI named Pusa Samachar also ran the programme on ’Pusa Decomposer Technology’ for the benefit of farmers regularly.

 

In addition, ICAR-IARI has produced about 20,000 packets of Pusa Decomposer at its facility for use by the farmers.

 

ICAR’s Pusa Decomposer Technology has been provided

Esendo Fungicide will be the first combination product that AgBiome brings to market and its third product in the last four years.

AgBiome, a leader in developing innovative products from the Earth’s microbial communities, has announced the submission of Esendo Fungicide, its next product, to the EPA for review. Pending EPA registration, Esendo Fungicide will be the first combination product that AgBiome brings to market and its third product in the last four years.

Esendo Fungicide is a premix that combines Howler Fungicide with the active ingredient azoxystrobin. The combination has multiple modes of action for resistance management and provides activity against a broad spectrum of important diseases. Esendo Fungicide can be used effectively as part of an integrated disease and resistance management program on a wide range of important crops.

“AgBiome continues to develop highly-effective, innovative crop protection products. Growers need new tools to control problematic diseases while ensuring effective resistance management. Esendo Fungicide provides growers access to the combined power of the biological benefits of Howler and a proven synthetic chemistry,” said Dr Jim Spadafora, Project Lead at AgBiome   

Esendo fungicide will mark AgBiome’s third fungicide submitted to the EPA to date. AgBiome has developed two biological fungicides, Howler and Theia Fungicide. Howler received EPA approval in the second half of 2017, and has gained individual registration in all 50 US states. Theia Fungicide was submitted for EPA review in December 2019.

 

Esendo Fungicide will be the first combination

As per the MoU, the students will be exchanged for academic, research and training purposes where the expertise and logistics of both institutions will be shared

The ICAR-Indian Institute of Soil & Water Conservation, Research Centre, Udhagamandalam, Tamil Nadu signed a Memorandum of Understanding (MoU) with the Agricultural Engineering College & Research Institute, Tamil Nadu Agricultural University, Coimbatore, Tamil Nadu.

 

Dr N Kumar, Vice-Chancellor of Tamil Nadu Agricultural University, Coimbatore was also present during the occasion.

 

Dr K Kannan, Head, ICAR-IISWC, Research Centre, Udhagamandalam and Dr AS Krishnamoorthy, Registrar, Tamil Nadu Agricultural University signed the MoU on the behalf of their respective organisations. As per the MoU, the students will be exchanged for academic, research and training purposes where the expertise and logistics of both the institutions will be shared.

 

The MoU was aimed at long-term collaboration with the TNAU for conducting the training and research for Masters / Doctoral Degree in the area of soil and water conservation engineering.

 

As per the MoU, the students will

Organises exhibition on biofuels to celebrate World Biofuel Day

A special exhibition on biofuels was organised to celebrate World Biofuel Day, which is observed on August 10 every year to create awareness about the importance of non-fossil fuels as an alternative to conventional fossil fuels and to highlight the various efforts made by the government in the biofuels sector.

 

This year, under the aegis of the Ministry of Petroleum and Natural Gas, Oil and Gas companies celebrated World Biofuel Day with the theme ‘Biofuels for Sustainability and Rural Income.’ The special exhibition showcased biofuels and bio-energy related developments and technical achievements made in the field of biofuels in India. The event also witnessed active participation by many technical service providers, post-harvesting equipment manufacturers, Indian Air Force, biodiesel producers, research institutes, farmers, etc.

 

During the occasion, a nine TPD Compressed Bio Gas (CBG) plant of Indian Potash (at Rohanakalan, Muzzafarnagar) and three retail outlets of Indian Oil at Muzaffarnagar (Chadravati Filling Station, Kissan Filling Station and Agarwal Service Station) were also dedicated to the nation. These retail outlets will be marketing CBG produced from this plant.

Organises exhibition on biofuels to celebrate World

10 Mini-TRIFOOD units have been proposed and four honey FPOs have been allocated, in conjunction with the Ministry of Agriculture

A meeting of a delegation of TRIFED led by MD, TRIFED Pravir Krishna was recently held with Chief Minister of Assam, Himanta Biswa Sarma in New Delhi. The objective of the meeting was to identify the contours of setting up a comprehensive VanDhan network of 7000 Van Dhan Self-Help Groups subsumed under 350 VDVKCs, five TRIFOOD Tribal Food Parks and a digital marketing network.

TRIFED and the State Government of Assam will develop an enterprise model for VanDhan Yojana incorporating components of forwarding linkages including setting up of common facilities at district HQs for handling/packaging, testing, Demonstration centres for minor forest produces/ silk/ lac/ agri produces, cluster level tertiary processing units, marketing and branding. The initiatives will be implemented in convergence with the Ministry of Tribal affairs, TRIFED, Govt of Assam, MSME, MoFPI and MoRD. The presentation spoke in detail about these plans.

In addition, TRIFED has proposed to develop a marketing and logistics plan for promoting tribal products from the North-East Region where it plans to empanel more than 4,000 artisans and identify tribal products which can be registered under Geographical Indication having a proposed budget of Rs 150 crore. 

 

TRIFED has entered into MoU with different ministries wherein convergences are proposed to further develop the value chain for the established Van Dhan Vikas Kendra Clusters. Currently in Assam, under convergence with MSME Ministry, 100 pieces of training have been identified. Under the SFURTI scheme, two proposals are under development. In convergence with MoFPI, 10 Mini-TRIFOOD units have been proposed and four honey FPOs have been allocated, in conjunction with the Ministry of Agriculture.

 

Marketing and logistics development for promoting tribal products from North Eastern Region will be implemented across all the eight North Eastern States including Assam. Through that TRIFED will procure tribal products worth Rs 6.625 crore from over 250 tribal suppliers in the next year. The products will be sold through the chain of Tribes India outlets. 

 

There are plans to set up new Tribes India outlets in the major cities/towns of Assam. A Tribal Mall is being planned to be opened to promote tribal artisans and create brand recognition for the heritage products that the tribals produce. To preserve the tribal heritage and generate local employment, at the same time protecting the interests of tribal producers, TRIFED is also working towards promoting Geographical Indication products in Assam. 11 new products have been identified for GI tagging and more tribal suppliers will be supported to register as authorised users.

 

10 Mini-TRIFOOD units have been proposed and

Aims to promote investment in renewable energy technologies by transforming the market for using urban and industrial organic waste

Ministry of New and Renewable Energy (MNRE),  Government of India (GOI) in association with the United Nations Industrial Development Organization (UNIDO) and Global Environment Facility (GEF) launched the loan interest subvention scheme for the demonstration of innovative industrial organic waste to energy biomethanation projects and business models. A GIS-based inventory tool of organic waste streams was also unveiled.

The UNIDO and MNRE launched the Global Environment Facility (GEF) funded loan interest subvention scheme that provides financial assistance to innovative waste to energy biomethanation projects and business models.

The industrial organic waste-to-energy bio-methanation projects are generally capital intensive and financially sensitive to both operating costs, including waste availability, and revenue, particularly biogas yield and its utilisation scenario. Innovations in such projects seek to improve overall energy output thereby minimising the cost of energy generation but may lead to an increase in the initial project cost at the establishment stage yet increase revenue and reduce operating costs over the project’s lifetime. The loan scheme provides financial assistance to beneficiaries to reduce the financial burden on account of interest on the loan component faced by such demonstration projects.

A GIS-based inventory tool of organic waste streams developed under the GEF-MNRE-UNIDO project was also launched during the webinar. The tool provides district-level estimates of available urban and industrial organic wastes and their energy generation potential across India. The GIS tool will enable SME’s and project developers to set up new waste to energy projects and may facilitate the rapid growth of biomethanation in the waste-to-energy sector in the country.

The webinar also showcased success stories of biomethanation projects in India and was followed by a panel discussion on ‘Innovations in biomethanation technology and business models – Key potential accelerator of waste-to-energy sector growth in India’ and sharing of experience on technology, business models, policies and regulatory framework and project financing to foster SME’s contribution in the sector in India.

At the event Dr René Van Berkel UNIDO Representative, Regional Office in India gave the welcome address. Dinesh DayanandJagdale Joint Secretary, Ministry of New & Renewable Energy gave the opening remarks and launched the financial support scheme and the GIS tool for mapping organic waste availability. Pradip Kumar Das, CMD, IREDA presented keynotes. Nikhil Khot. National technical expert, UNIDO gave a presentation on Loan Interest Subvention for the demonstration of innovative bio-methanation technologies and business models.

Aims to promote investment in renewable energy

Partnerships aims at deeper penetration of its integrated services in the mid-market segment, comprising mid-corporates and higher-end SMEs. 

 

 Arya, India’s largest post-harvest Agritech player forays into a strategic partnership with State Bank of Mauritius (SBM), India to reinforce its competencies in financing solutions. This partnership will help create conducive conditions for the promotion of mutually beneficial goals and deeper penetration of its integrated services in the mid-market segment, comprising mid-corporates and higher-end SMEs. 

Elaborating on the partnership, Ritesh Raman, Chief Business Officer – Storage Solutions, Arya said, “As Arya’s brand promise – we are committed towards improving access to credit, ease in financing process and robust solutions for instant credit to every client in the Agri value chain. SBM Bank India has profound domain expertise and is led by a core team of industry veterans. This alliance will only help to strengthen our position as a market leader.”

 Speaking on the occasion, Senior Spokesperson SBM Bank India, said, “We are focusing on commodity financing portfolio and this partnership strengthens our hold in the segment.  At SBM Bank India, we believe in empowering our collaborators through our banking expertise, to improve their offerings as well as, uplift their end customers’ financial requirements. Through our collaboration with Arya, we are expanding our presence to cater to the agri-traders and agri-entrepreneurs across the country and offering them customized solutions to help them grow and prosper.”

In today’s landscape, the adoption of high-tech banking capabilities is more crucial than ever to meet the needs of a rapidly changing industry and diverse borrower base.  Alliances like these enable ease of business for seamless lending processes, more efficient operations for end-users, and create new opportunities for digital engagement.

Partnerships aims at deeper penetration of its