Hi, NewsWrap for June 26, 2022

26 June 2022: NSRCEL, Fresh-To-Home, Telangana-Made Tractor, Syngenta India, MoU

26 June 2022

Mahindra Rolls-Out 300,000th Telangana-Made Tractor from Its Facility

Mahindra Tractors’, part of Mahindra’s Farm Equipment Sector, the world’s largest tractor manufacturer by volume, proudly rolled out its 300,000th Telangana-made tractor from the company’s tractor manufacturing facility in Zaheerabad. Commenting on the milestone, Hemant Sikka, President – Farm Equipment Sector, Mahindra & Mahindra Ltd. said, “Rolling out our 300,000th Telangana-made tractor from our Zaheerabad facility is a significant milestone for all of us at Mahindra and for the state of Telangana."
Samunnati signs MoU with Small Farmers' Agribusiness Consortium (SFAC)

Samunnati signed an MOU with Small Farmers' Agribusiness Consortium (SFAC), Govt. of India, to undertake the mobilization, registration, and value chain integration of 100 all-women FPOs. With this MOU, center stage is the key role played by women in agriculture. The interventions, post-registration, will include assured access to working capital, market linkage, appropriate technologies, and value-added services.
Syngenta India has entered into an exclusive agreement with AIC

Syngenta India has entered into an exclusive agreement with the Agriculture Insurance Company of India (AIC) with an aim to safeguard farmers from unfavorable price fluctuations due to unpredictable market conditions. The agreement will facilitate guaranteeing a fair price to farmers for their produce by indemnifying them for losses incurred due to a fall in market prices.
Fresh-To-Home to invest ₹1,000 cr in Telangana in 5 years

FreshToHome (FTH), an integrated e-commerce platform for fresh fish, meat, and seafood, will invest ₹1,000 crores in Telangana. The platform aims to deploy funds to strengthen its presence across the state that has the largest percentage of meat consumers with more than 98 percent of its population consuming non-veg. As per a study in Telangana, the average per capita consumption of non-veg is 1.4 kilos per month.
Singapore-based 57 Stars leads a $25 million fund infusion via equity in WayCool

Chennai-based WayCool Foods & Products Private Limited, one of the country’s leading Agri-commerce firms, has raised $25 million through equity with investments led by 57 Stars LLC, a Singapore-based independent global alternative investment firm targeting high-growth sectors driven by technological innovation. The investment is part of a $40 million investment received by WayCool from 57 Stars along with participation from its existing investors.
NSRCEL launches rural entrepreneurship incubation program

NSRCEL, the innovation and entrepreneurship hub of IIM Bangalore launched the rural entrepreneurship incubation program to boost, enhance and strengthen the entrepreneurship and startup ecosystem in rural India. Anand Sri Ganesh, COO, NSRCEL IIM Bangalore said “The pandemic has exposed the huge socio-economic gaps and vulnerabilities in rural India, and there is a need to have sustainable and inclusive development".
Ceres Imaging and Wilbur-Ellis Probe Schedule partnership

Ceres Imaging, a precision farming analytics provider, and Probe Schedule, the irrigation management software unit of Wilbur-Ellis, recently expanded their partnership—and it’s yielding significant benefits for growers who use both services. The partners have created a seamless integration that allows growers to see Ceres Imaging’s aerial imagery and Probe Schedule data side by side.
25 tech start-ups to compete in a contest to provide clean drinking water

As many as 25 water-tech startups have been selected as semi-finalists for ‘the Nudge Prize Ashirvad Water Challenge’ by the Nudge Centre for Social Innovation (CSI) and Ashirvad Pipes, in partnership with the Principal Scientific Adviser to the Government. A statement from the Nudge said the challenge, to provide clean drinking water for all, was opened for applications in February. Out of a total of 140 applicants, these 25 startups will now compete for total prize money of ₹2.5 crores.
A Gujarat-based firm develops low-cost instant milk chilling unit

Dairy producers can now get their milk chilled at the procurement centres and prevent it from deterioration in quality and being spoilt due to increased bacterial counts. Cloud-based dairy equipment maker Prompt Equipments Private Limited, based in Ahmedabad, Gujarat, has developed an economical instant milk chilling unit—MilkoChill—that can be set up at the milk collection centers in the villages. Farmers can pour milk into the unit which instantly reduces the milk temperature from 35 degrees Celsius to 7 degrees Celsius.
Industry's demand on reducing GST on pesticides

Agriculture Minister Narendra Singh Tomar assured the agro-chemicals industry that he would take up the industry's demand to reduce GST on pesticides to 5 percent from 18 percent with the finance minister. Addressing the 11th Agrochemicals Conference 2022' organized by FICCI, the minister stressed the need for crop diversification and said farmers should grow more horticulture and costly crops.