Connect with:
Friday / September 20. 2024

logo
mobile-logo
Home2022November (Page 8)
Company News, India, Sustainability

Farm-to-fork solution to improve productivity and sustainability

BL Agro Group has launched Agri Value Chain “Khet Se Kitchen Tak” to Support Farmers and Agribusiness in Lucknow, making Uttar Pradesh a self-reliant and sufficient state.

As the agri sector desperately needs to improve productivity and sustainability, this farm-to-fork solution offers just that. It creates market linkages throughout the agri value chain by clubbing the services provided by subsidiaries of the B L Agro corporate umbrella. The event was inaugurated by Yogi Uttar Pradesh Chief Minister in the presence of Union Minister of State for MSME Bhanu Pratap Verma.

Four entities are synergising the “Khet Se Kitchen Tak” initiative to provide full-stack solutions to ease problems for farmers, Farmer Producer Organisations (FPOs), and agribusinesses.

Leads Connect Services is providing precision farm advisory, financial, and crop risk management to the agriculture community; Rohilkhand Laboratory & Research Centre (RLRC) providing critical food testing, assaying, and certification facilities to agri-businesses at the farm gates; and BL Agro and Laxmi Agro providing market linkage, bringing finely curated, packed quality food material to consumers; kitchens through its extensive network of distributors pan India. 

Apart from increasing yield efficiency, Leads Connect offers digitalisation and end-to-end analytics, including geospatial, SpaceTech and Drone as a Service (DrAAS) for precision farming.

Ghanshyam Khandelwal, Chairman, B.L. Agro, says, “UP stands on a precipice. To achieve the vision of converting it into a trillion-dollar economy, we need to fuel its agriculture and food processing engine. That’s what makes us so excited and determined to build a sustainable and linked agri-ecosystem within the state. At its base, Khet Se Kitchen Tak is about supporting farmers and agribusiness, but if you zoom out, the initiative is about making UP a self-reliant and sufficient state that doesn’t depend on anyone during any stage of the agri value chain. While the initiative encompasses all food products from pulses to oil, we will be putting the spotlight on millets like ragi, jowar, and bajra as 2023 is the International Year of Millets. 

“The changing global demands are outpacing what our current agricultural and food systems can achieve,” comments Navneet Ravikar, Chairman & Managing Director, Leads Connect Services. Currently, over 50 percent of India’s population depends upon agriculture to put food on the table. Yet, the sector contributes merely 20 percent of the national GDP. All these are signals of the dire necessity of a digital transformation, which is why we are fixated on building technologies that can drive the Khet Se Kitchen Tak initiative. Our objective is to bring the consequent benefits to every acre of farmland and stakeholder in the value chain.”

Farm-to-fork solution to improve productivity and sustainabilityBL

India, World

Indo-Israel Agriculture Project (IIAP) is establishing proposed Centres of Excellence (CoE) in Jammu and Kashmir. Under the Agriculture Attache MASHAV (Israel’s agency for international Development Cooperation) at the Embassy of Israel in India, centres are going to develop, via the establishment of Centres of Excellence IIAP aims to introduce crop diversity, increase productivity and optimise water use efficiency.

MASHAV will guide the CoE and transfer Israeli knowledge into the IIAP. CoE will comprise nursery management, best practices cultivation techniques, irrigation, and fertigation. The region has the potential to produce vegetables and fruits by using modern technology for which MSHAV is ready to extend guidance and support in the form of expertise and technical know-how to the farmers and the department alike.

MASHAV is leading the IIAP from the strategic and tactical aspect while providing professional leadership during the planning and executing phase, transfer of knowledge and agro-technology. MASHAV is ready to establish two centres one each in Jammu and Kashmir divisions for which Detailed Project Report would be prepared in consultation with the Agriculture Department.  

India and Israel have strategic cooperation on the Government-to-Government level in the field of agriculture. Centres will establish under the Mission for Integrated Development of Horticulture (MIDH) scheme with authorizing, budgeting and monitoring the project while State governments allocate staff, land and another budget.

Indo-Israel Agriculture Project (IIAP) is establishing proposed

Company News, India

Reports net profit of Rs 10.16 Cr and revenue from operations of Rs 123.85 Cr

Hester Biosciences Ltd has reported a consolidated revenue of Rs 73.15 crore in Q2FY23, a growth of 17 per cent YoY. The company has achieved the highest quarterly sales in its history. The substantial increase in the current quarter sales has offset the degrowth in Q1 FY23.The increase in sales largely attributes to a spurt in the demand for the Goat Pox Vaccine to control the outbreak of Lumpy Skin Disease (LSD) in cattle in the country.

With no specific vaccine available for LSD in India, Goat Pox Vaccine was permitted for use as a heterologous vaccine to immunise cattle against LSD. Hester has been and continues to be the dominant supplier of the Goat Pox Vaccine to various State Government bodies and in the private sector. The company’s vaccine sales have increased by 24 per cent in Q2 while it shows a degrowth in H1 due to significant low sales in Q1 for poultry vaccines.

Reports net profit of Rs 10.16 Cr

Company News, Finance, India, Poultry

H1 FY23 numbers reflect a growth of 19.4 per cent YoY

Godrej Agrovet Limited has announced its financial results for the second quarter and half-year that ended September 30, 2022. Q2 FY23 consolidated total income increased to Rs. 2,454.2 crore from Rs 2,159.7 crore in Q2 FY23, a growth of 13.6 per cent year-on-year. Company reported consolidated EBITDA of Rs 159.1 crore in Q2 FY23 as compared to Rs 196.1 crore in Q2 FY22· Company reported Profit before tax* of Rs 87.3 crore in Q2 FY23 as compared to Rs 138.1 crore in Q2 FY22.

H1 FY23 Financial Summary

H1 FY23 consolidated total income increased to Rs. 4,972.8 crore from Rs. 4,162.9 crore in H1 FY22, a growth of 19.4 per cent year-on-year. Company reported consolidated EBITDA of Rs 328.4 crore in H1 FY23 as compared to Rs 376.0 crore in H1 FY22. Company reported Profit before tax* of Rs. 190.1 crore in H1 FY23 as compared to Rs 264.2 crore in H1 FY22

Commenting on the performance, B. S. Yadav, Managing Director, Godrej Agrovet Limited, said, “Q2 FY23 was a mixed bag for Godrej Agrovet as we achieved solid top line growth of 13.6 per cent in Q2 FY23 and 19.4 per cent in H1 FY23 over the corresponding previous periods. However, profitability was impacted due to commodity price volatilities, sustained cost inflation, limited transmission, and an unfavourable macro environment.

Uneven monthly as well as the geographic spread of the southwest monsoon led to lower sowing of Kharif crops, mainly paddy and foodgrains. Prices of rice bran jumped sharply in Q2 due to strong demand while Maize prices continued to trend higher. Crude palm oil prices, after reaching record levels in May’22, corrected sharply owing to high inventories in two key exporting countries – Indonesia and Malaysia coupled with the resumption of supplies post-lifting of the exports ban. In the Dairy sector, milk procurement prices continued to increase further with the limited transmission. For the Poultry sector, Q2 is a seasonally weak quarter due to the festive season resulting in a sharp decline in live bird prices.”

H1 FY23 numbers reflect a growth of

Agro Universities, India, People, R&D

 The award recognises his outstanding contributions in the field of sustainable agriculture development through technologies and policies

The planet is witnessing rapid change in climate in recent years. There are extremes of rains and temperature and change in weather and seasons. As a result, global food security is facing big challenge. Named after the great Indian scientist, Prof M S Swaminathan, who played pioneering role in saving India from food starvation during late sixties through Green Revolution, this annual single award of Rs 1 million places on record the appreciation for outstanding contributors in the field of sustainable development.

Realising the need for sustainable development in the context of climate change and challenge to national and global food security, ICFA instituted this award and constituted 15 Member High Powered Jury under the Chairmanship of Dr Ramesh Chand, Member, NITI Aayog. After marathon meetings and reviewing the names of about a dozen global leaders in the field of agriculture, the Jury decided for the name of Dr William Dar for the first MS Swaminathan Global Leadership Award for Sustainable Development 2022 for his outstanding contributions in the field of sustainable agriculture development through technologies, policies and programs leadership towards improving global food security situation.

The Award would be presented on November 10, 2022, in New Delhi, as part of Agroworld, 09-11 Nov 2022. The Award presentation would be preceded by MS Swaminathan Global Dialogue on Climate Change and Food Security, joined by eminent experts.

 The award recognises his outstanding contributions in

AgroPolicy, Environment, India, Nature, Sustainability

The portal contains information about the mission, implementation outline, resources, implementation progress, farmer registration, blog

Narendra Singh Tomar, Union Agriculture Minister, recently chaired the first steering committee meeting of the National Natural Farming Mission at Krishi Bhawan, New Delhi. In the meeting, Tomar launched the NMNF portal. He said that the mission of natural farming in the country would be taken forward with everyone’s cooperation. In this regard, he asked the officers to coordinate with the State Governments and Central Departments and enable market linkage so that the farmers get more ease in selling their products. Union Rural Development Minister Giriraj Singh and Jal Shakti Minister Gajendra Singh Shekhawat and Uttar Pradesh Agriculture Minister Surya Pratap Shahi, Union Agriculture Secretary Manoj Ahuja and senior officers of various ministries attended the meeting.

The newly launched portal (http://naturalfarming.dac.gov.in/) has been developed by the Union Ministry of Agriculture and Farmers Welfare. It contains all the information about the mission, implementation outline, resources, implementation progress, farmer registration, blog etc., which will be useful for the farmers. Also, this website will help in promoting natural farming in the country.

In the meeting, Union Minister Giriraj Singh said that good initiatives have been taken to promote natural farming. He also gave his suggestions in this regard in the meeting. Jal Shakti Minister Shekhawat said that under the guidance of Prime Minister Narendra Modi, work is being done for natural farming on the banks of the Ganga. The Ministry of Jal Shakti has made a roadmap by identifying 75 Sahakar Ganga villages in the first phase by signing an MoU with Sahkar Bharti and training has been given to the farmers.

UP Agriculture Minister Shahi said that under the Namami Gange Project, the promotion of natural farming has been started in the state. A target has been set to work in every block and master training has been done.

It was informed in the meeting that more than 4.78 lakh hectares of the additional area have been brought under natural farming in 17 states from December 2021. 7.33 lakh farmers have taken initiative in natural farming. About 23 thousand programs have been organized for the sanitization and training of farmers. Natural farming is being implemented in 1.48 lakh hectares on the banks of the river Ganga in four states.

The portal contains information about the mission,

Company News, Finance, India, Start ups, Supply Chain

Assert AI to utilise the funds to expand into new markets and develop exclusive products for the agriculture industry.

 Arya.ag, India’s largest integrated grain commerce platform, has announced a strategic investment in computer vision-focused SaaS startup Assert AI. The development is part of Assert AI’s latest fund-raise amounting to $2 million and involved participation from Prashant Purker, Ex- MD & CEO of ICICI Venture, in his personal capacity.

Assert AI aims to utilize the funds to expand its presence overseas in the USA market and develop exclusive products for the agriculture industry. Computer Vision is rapidly assuming prime business consideration with the increasing demand for insights-driven digital images and videos.  This strategic investment aims to strengthen Arya.ag’s blockchain offerings and AI & deep tech vision for unprecedented visibility and assurance for its storage, financing, and commerce offerings.

Assert AI has already established itself as a formidable name in computer vision with offerings that include face recognition, object detection, weapon detection in high-risk areas, docks utilization, packet counting in warehouses, and safety gear detection, among others. Under this context, Assert AI aims to have a unique proposition in translating computer vision analytics into actionable business intelligence for businesses of all sizes.

On the development, Job Philip, Co-Founder, Assert AI commented, “Digitization and related proliferation of video, as well as other forms of the visual medium, is on an ever-increasing exponential curve. The need of the hour is to transform observations from these mediums into actionable business insights and ensure that this is executed in real-time. The latest round of funding furthers our resolve to continue pioneering innovation in the visual analytics landscape and expand its reach to large untapped segments, including agriculture.”

Prasanna Rao, Co-Founder & Managing Director, Arya.ag said, “At Arya.ag, we endeavour to digitize an otherwise conventional agri value chain. Tech-led computer vision ensures complete assurance for farmers, lenders, and buyers as they transact on our platform. Through our strategic investment in Assert AI, we aim to consolidate our AI & Blockchain offerings. This partnership will work towards conceptualising and innovating computer vision solutions specifically for the agricultural ecosystem.”

For Arya.ag, investment in Assert AI follows the startup’s recent move to acquire data science company, Prakshep, which consolidated the company’s deep tech capability to provide traceability, transparency, and quality assurance for seamless commodity commerce. Arya.ag is also in the advanced stages of introducing a first-of-its-kind public agri blockchain ledger in the country.

Assert AI to utilise the funds to

Agrotech, Company News, India, Nature, Water

Forges 50 PPPs with several State Governments and NABARD for integrated water stewardship programme

ITC Limited, one of India’s leading multi-business conglomerates, has forged as many as 50 Public-Private Partnerships (PPPs) with the Government and other institutions as part of its integrated and holistic initiatives to achieve water security and rural empowerment across India. ITC’s 360-degree water stewardship programme is in alignment with the Government’s key water initiatives including ‘Jal Shakti Abhiiyan’. ‘Atal Bhujal Yojana’ and ‘More Crop Per Drop’. Driven by the Sustainability 2.0 goals articulated by Chairman, Sanjiv Puri, ITC is scaling up its interventions in replenishing water resources and water usage efficiency. It has also embarked on a programme to achieve water positive status at river basin level with focus on 4 basins across the country. The Ghod river basin has already turned water positive last year.

Owing to its 360-degree water stewardship initiatives, ITC has earned the distinction of being the only global company of comparable dimensions to be water positive for over two decades. ITCs Paperboards & Specialty Papers unit at Kovai is only the second facility in the world and the first in India to be awarded the Alliance for Water Stewardship (AWS)’s Platinum level certification – the highest recognition for water stewardship in the world. Going forward, the Company aspires to create rainwater harvesting potential equivalent to over 5 times the net water consumption by 2030 as a part of its S 2.0 targets.  ITC is in the process of implementing the AWS Standards at its units in high water stress areas and will progressively obtain AWS certification for these sites in by 2035.

Commenting on the Company’s integrated water stewardship programmes, S Sivakumar, Group Head, Sustainability, Agri and IT Business, ITC Ltd said “Inspired by our credo of “Nation First, Sab Saath Badhein”, ITC is committed to partnering with the Government in its journey to secure a sustainable and equitable water future for all. Having implemented a 360-degree water stewardship initiative with the help of community participation for over two decades, we have now embarked on a bolder water mission under our Sustainability 2.0 agenda that envisages scaling up our interventions manifold and setting ambitious targets both inside and outside the fence, whilst supporting large-scale sustainable livelihoods.”

The Company has also partnered the Government in creating large-scale awareness on the need for equitable water management by participating in the ongoing India Water Week 2022.

Forges 50 PPPs with several State Governments

Company News, India

Kissandhan aims to impact the livelihood of small farm holders and their families

Kissandhan, India’s leading Multi Asset Agri Finance NBFC and a subsidiary of the SLCM Group, on-boards more than 9600+ women loan beneficiaries through its Business Correspondent (BC) Partnership Lending Programme and disbursed more than Rs 413.40 Million of loan to them.

Sandeep Sabharwal, CEO, SLCM Groupsaid, “Throughout our journey, we have always felt the scarcity and need for women in agriculture. Kissandhan aims to impact the livelihood of small farm holders and their families. The loan benefits to women is our next step in the process. We feel delighted and proud that our programme has crossed the mark of 9,600 women loan beneficiaries, and we wish to double this number in the coming year.”

“Kissandhan is an initiative that intends to minimise this disparity and recognise women and their significant role in livelihood generation and thus give them the desired access to capital to improve their social and economic standing”. Till date, Kissandhan has disbursed loan of Rs 25 billion and impacted about half a million farmers, Agri traders, Agri Processors etc.

Kissandhan aims to impact the livelihood of

Agro chems – Chemicals, Company News, Environment, India, Sustainability

The award compliments Rallis India’s model approach toward promoting sustainable and green practices

Rallis India was conferred with the FICCI Chemicals and Petrochemicals Award for ‘Sustainability- Best Green Process’ at India Chemical 2022 jointly organised by FICCI and Department of Chemicals and Petrochemicals, Government of India.

Out of the 14 distinctive award categories, Rallis India was presented with “Sustainability- Best Green Process” for its WOW! Wealth Out of Waste; Metribuzin Project. The award compliments Rallis India’s model approach toward promoting sustainable and green practices.

“Sustainability has been the nucleus of our strategy and the successful initiation of WOW! Wealth Out of Waste’ Metribuzin Project has further strengthened our vision of creating a sustainable commercial ecosystem. Recognitions like these motivate us to continuously improve our environmental profile to help create a better world.” said Sanjiv Lal, Managing Director, Rallis India.

The award compliments Rallis India’s model approach

Country, India, Trade, Vegetables, World

Fruits and vegetables, cereals, livestock, and processed foods witnessed a spike in exports this fiscal

Exports of agricultural and processed food products have increased by 25 per cent within six months of the current Financial Year 2022-23 (April-September) in comparison to the corresponding period of FY 2021-22. According to the provisional data released by the Directorate General of Commercial Intelligence and Statistics (DGCI&S), the overall export of agricultural and processed food products has witnessed a growth of 25 per cent during April-September 2022.

The overall export of Agricultural and Processed Food Export Development Authority (APEDA) products increased to $13,771 million in April-September 2022 from $11056 million over the same period of the last fiscal year. The initiatives taken by the Ministry of Commerce and Industry through APEDA have helped the country achieve 58 per cent of its total export target for the year 2022-23 within six months of the current fiscal.

For the year 2022-23, an export target of $23.56 billion has been fixed by APEDA for the agricultural and processed food products basket and export of $13.77 billion have already been achieved in these six months of the current fiscal. As per the DGCI&S provisional data, processed fruits and vegetables recorded a significant growth of 42.42 per cent (April-September 2022), while fresh fruits registered 4 per cent growth as opposed to corresponding months of the previous year.

Also, processed food products like cereals and miscellaneous processed items reported a growth of 29.36 per cent compared to the first six months of the previous year.

In April-September, 2021, fresh fruits were exported to the tune of $ 301 million which increased to $313 million in the corresponding months of the current fiscal. Exports of processed F&V jumped to USD 1024 million in six months of the current fiscal from $719 million in the corresponding months of the previous year.

The export of pulses has witnessed an increase of 144 per cent in Q2 of the current fiscal in comparison to the corresponding months of the last fiscal as the export of lentils increased from $ 135 million (April-September 2021-22) to $ 330 million (April-September 2022-23).

Basmati Rice exports witnessed a growth of 37.36 per cent in six months of FY 2022-23 as its export increased from $ 1660 million (April-September 2021) to $ 2280 million (April-September 2022), while the export of non-Basmati rice registered a growth of 8 per cent in Q2 of current fiscal. Its export increased to USD 3207 million in six months of the current fiscal from $ 2969 million in the corresponding months of the previous year.

The export of meat, dairy and poultry products increased by 10.29 per cent and the export of other cereals recorded a growth of 12.29 per cent in six months of the current fiscal. The poultry products alone registered a growth of 83 per cent as its export rose to $57 million within the half-year bracket of the current fiscal from $31 million recorded for the corresponding months of the previous year.

Similarly, dairy products recorded a growth of 58 per cent as its export rose to $ 342 million in Q2 of the current fiscal from $216 million in Q2 of the previous year.

Wheat export registered an increase of 136 per cent in Q2 of the current fiscal. Wheat export rose to $1487 million in April-September 2022 from $630 million in April-September 2021.

Other cereals’ export increased from $ 467 million in April-September 2021 to $525 million in April-September 2022 and the export of livestock products increased from $ 1903 million in April-September 2021 to $ 2099 million in April-September 2022.

Fruits and vegetables, cereals, livestock, and processed

Acts & Schemes – Centre, India, Start ups

Agri startups one of key partners to boost agriculture exports

Kailash Choudhary, Minister of State (Agriculture and Farmers Welfare), Ministry of Agriculture and Farmers Welfare, Government of India said that soon an accelerator programme of Rs 500 crore will be started to take forward the successful initiatives of Agri Startups in which DARE, DPIIT, Agri Incubators, agriculture universities, research institutes, investors and other stakeholders will be included.

Choudhary said that there will be a separate division of Agriculture Startup to be set up in the Ministry to be led by Joint Secretary. “A cell will also be created to work as a single window agency to facilitate all the linkages required for agri startups,” he added.

Dr Sudhanshu, Secretary, APEDA, Ministry of Commerce and Industries, GoI, emphasised that increasing agriculture exports is a national imperative and Agri startups are potential partners in this journey. Efforts are being made to promote and support agri startups for engagement in agri exports and strengthening of the startup ecosystem.

Agri startups one of key partners to

Agrotech, Company News, Finance, India, Institutions

Farm Pass serves over 600,000 farmers in India and two million globally, providing a standard interface for farmers and buyers

To economically empower smallholder farmers in rural India, Bayer, Rabo Partnerships and MasterCard have entered into a partnership to launch a scalable programme to advance the digitisation of the country’s agricultural finance ecosystem. This collaboration brings together the decades of expertise of the three companies in digital and agri finance and payments technology to bear upon the task of expanding access to agronomic knowledge, products, services, and partnerships. Over five years, the program aims to benefit 10 million smallholder farmers in India by enabling them to gain easier access to formal financial services.

Smallholder farmers account for 86 per cent of India’s agrarian economy but have difficulty sourcing quality farm products and are often at the mercy of middlemen when it comes to pricing. MasterCard’s Farm Pass is a digital ecosystem platform that works offline, even with feature phones, connecting buyers, Farmer Producer Organisations (FPOs) and other agriculture ecosystem players with farmers digitally, and helping them get the best value for their produce. The solution, which serves over 600,000 farmers in India and two million globally, creates a standard interface for farmers and buyers that facilitates greater efficiency in the agriculture value chain.

The program is part of Bayer’s commitment to reach 100 million smallholder farmers worldwide by 2030 with much-needed inputs, digital tools and financial services. Bayer’s FarmRise provides various digital advisory services to smallholders today and through MasterCard’s Farm Pass digital platform, farmers will gain access to new marketplaces and a much wider pool of potential buyers, enabling them to improve their livelihoods in a commercially sustainable way. Rabo Partnerships will enable access to financial services over the platform by the Indian financial sector, by enabling data-driven credit scoring, credit analytics and product development within the partner financial institutions.

D Narain, President, of Bayer South Asia and Global Head of Smallholder Farming said, “Bayer has been working with farmers to increase their income and productivity by enabling access to best-in-class products, the latest technology, and low-cost finance. Its initiatives like Better Life Farming, food value chain partnerships, etc. are already transforming the lives of millions of farmers in India. We are delighted to now join hands with Rabo Partnerships and MasterCard to build a digital ecosystem, which will further help smallholders in India. Through this partnership, smallholder farmers will not only gain easier access to agricultural advisory services and direct market linkages, but also build their credit profiles and lower their input costs through access to institutional credit, allowing them to increase efficiency, improve crop yields, and grow their profits significantly.”

Nikhil Sahni, Division President, South Asia, MasterCardsaid, “As part of MasterCard’s pledge to connect one billion people to the digital economy, the company has been actively working with farmers in several countries to bring them onto a digital platform that directly connects them with buyers, empowering them to negotiate the best price for their produce. This is in line with the Indian government’s efforts towards inclusive growth by leveraging technology. The collaboration with Bayer and Rabo Partnerships is helping build a very effective model of agricultural digitisation that can serve as a global example.”

David Gerbrands, Global Head Advisory & Inclusive Ventures, Rabo Partnerships said: “Rabo Partnerships aims to contribute to the improvement of farmer livelihoods worldwide. Achieving this requires sustainable partnerships, which is why Rabo Partnerships is excited to partner with Bayer and Mastercard to establish a scalable digital ecosystem, enabling farmers and as well as other agricultural value chain partners with a wide array of services, including agro advisory, inputs procurement, marketing, and access to formal financial services.”

Farm Pass serves over 600,000 farmers in

Company News, E-commerce, India

The company has started building demo farms in its B2B segment to broaden its reach and address market demand

GROWiT, India’s leading protective farming company, has announced plans for rapid expansion, including the milestone of opening 350+ franchise stores across India by the end of this fiscal year. The Surat-based company is looking to expand its operations in seven new states: Rajasthan, Tamil Nadu, Telangana, Andhra Pradesh, Chattisgarh, Haryana, and Uttarakhand. It will allow GROWiT to expand its presence pan India and deepen its mission to disrupt the protective farming space in India. 

As a part of GROWiT’s drive to broaden its reach and address market demand, the company has started building demo farms in its B2B segment. GROWiT will be able to show farmers and consumers the positive outcomes of using its products. The company has also introduced a digital platform for its B2B clients to place orders independently of any third party. Every functionality expected from an e-commerce app has been built into the mobile-first platform. There are also plans to enable farmers to place orders online through a similar platform.

Talking about their expansion plans, Saurabh Agarwal, Director and CEO of GROWiT, said, “We have always promoted protective farming techniques because of their advantages in terms of crop quality, yields, and sustainability. As a result of our expansion strategies, farmers will be more aware of the significance of boosting their yields, hence doubling their income. The focus is on reforming the protective farming industry and easing farmers’ access to higher-quality products in an effort to reduce the risks of the global food shortage.”

GROWiT recently announced collaborations with KVK Baramati and Samunati in line with its continued efforts toward empowering Indian farmers. There are many more partnerships and expansion plans in the works. The company hopes to keep on bringing more value to the sector and help the country emerge as a global food exporter. 

The company has started building demo farms