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HomePosts Tagged "Government of India recently organised a webinar on 'Neoteric Techniques and Technologies in Fisheries and Aquaculture'. The event was presided over by Jatindra Nath Swain"
Company News, Finance, Floriculture, India, Organic, Start ups

 Company will use this funding to increase production capacity, and diversify product mix.

Mumbai based Agritech startup QuantoAgro has announced raising funds through angel/HNI round co-led by SANangels Network with participation from HNIs from UAE and the USA and opened the round for institutional investors. ReHive.Org was the advisor to this round.

With circular economy initiatives that generate additional revenue streams and reduce operating costs, QuantoAgro aims to create a sustainable and economically resilient agricultural sector in India and improve smallholder farmer livelihood. It is committed to reducing environmental impact of agriculture, transitioning to chemical-free, regenerative, and commercial-scale farming of aromatic crops to make specialty ingredients like essential oils for pharma, home & personal care, food & beverage, and aromatherapy industries.

“We are delighted by the response we are getting from our customers and are rapidly expanding farming and processing capacity to meet their demands. We will use this funding to increase production capacity, diversify product mix, and hire talent to deliver value to our customers,” said Dushyant Gupta, the CEO of QuantoAgro.

Recently, QuantoAgro acquired 400+ acres of farmland in Maharashtra for expanding its operations and is setting up a world-class essential oil plant including isolate extraction capabilities.In the next 3 years, QuantoAgro aims to generate 1 million employment days in rural India, expand farming to 3,000 acres, use 1,03,175 MT of agricultural waste, sequester 20,000 tons of carbon, and produce 12,50,000 Kgs of sustainable essential oil.

“We believe QuantoAgro’s ability to streamline a highly fragmented farming and processing value chain, deliver consistently on product quality, and focus on sustainability will be a game changer in the essential oils industry. We are excited with the overwhelming response from our angel investors and look forward to supporting QuantoAgro in their institutional round,” said Sanjay Shukla, Co-Founder and CEO of SANangels Network.

Globally essential oils industry is valued at USD 22 billion and Indian market is around USD 1.5 billion with some of the segments growing at 7-12 per cent CAGR. The need to replace synthetic components with sustainably sourced plant-based ingredients is driving demand globally.

With its innovative approach to sustainable agriculture, QuantoAgro is well-positioned to take advantage of this growing demand. The company’s focus on reducing environmental impact of agriculture while delivering high-quality products has caught attention of customers worldwide.

 Company will use this funding to increase

Acquaculture, Agrotech, Live Stock

Discussions were held on Neoteric Techniques and Technologies in Fisheries and Aquaculture

Department of Fisheries, Ministry of Fisheries, Animal Husbandry and Dairying, Government of India recently organised a webinar on ‘Neoteric Techniques and Technologies in Fisheries and Aquaculture’. The event was presided over by Jatindra Nath Swain, Secretary, Department of Fisheries (DoF), Government of India (GOI) and well-attended by more than 350 participants including fishers, farmers, entrepreneurs, officials of Department of Fisheries, GoI and fisheries officials of different States/UTs, faculties from state agriculture, veterinary and fisheries universities, scientists, hatchery owners, students and stakeholders from aquaculture industry across the country.

In his inaugural address, Union Secretary Fisheries, Shri Swain highlighted the growth and development of fisheries sector over the recent years and added that there is ample scope and need of expansion and diversification of Indian fisheries and aquaculture with the help of advanced technologies. He further requested the scientists and entrepreneurs to motivate farmers and develop innovative ways for increasing profits, decreasing input cost, species diversification and increasing the production and productivity of fish species and commercialize these techniques. 

Sagar Mehra, Joint Secretary (Inland Fisheries), in his opening remarks, briefly highlighted that GOI is promoting scientific methods, innovations and infusion of modern technologies by providing financial assistance under various schemes which can benefit fishers and farmers of the country using latest techniques and the need of research and development in focus areas.

The webinar began with the welcome address by Sanjay Pandey, Assistant Commissioner, DoF along with introduction of the theme of the Webinar and the distinguished panelists, Jatindra Nath Swain, Secretary, Sagar Mehra, Joint Secretary (Inland Fisheries) along with Dr AP Sharma, Former Director, ICAR-CIFRI and Dr L Narasimha Murthy, Senior Executive Director, NFDB and other participants. 

During the technical session, Dr AP Sharma, Former Director- ICAR CIFRI made a comprehensive presentation on ‘Technological trends in fisheries and aquaculture’ focusing on the reproductive innovations, productivity trends, molecular technologies, along with commercially viable trends like RAS, biofloc technology, coldwater fisheries, ornamental fisheries, multi trophic aquaculture, aquatic health management, genetics and biotechnology along with future technologies highlighted the importance of investing in good quality fish feed for ensuring high quality fish is produced and reared. 

Dr L Narasimha Murthy, Senior Executive Director, NFDB gave an insightful presentation on ‘Training & Capacity building on new technologies in fisheries and aquaculture’ and highlighted the significance of skill & capacity building of fishers/fish farmers for building a pool of skilled workforce in the Aquaculture activities. 

After the presentation, a session sharing the success stories was also held and stories highlighting the success aquaculture ventures were presented by the Department of Fisheries, Uttar Pradesh and Chhattisgarh which served as motivation of the participants. This was followed by an open discussion forum with the participants, led by Sagar Mehra with Dr AP Sharma and Dr L Narasimha Murthy, focusing on real-time successful techniques being invented and practiced by fish farmers accross the country. The forum also provided an opportunity to the participants to ask relevant questions and queries about benefits under various schemes run by the GoI. 

The webinar concluded with a vote of thanks proposed by Dr SK Dwivedi, Assistant Commissioner, DoF.

Discussions were held on Neoteric Techniques and