Tag: agriculture sector

List of All the Subsidiaries of Mahindra Group
Mahindra Group is one of the most well-known Indian conglomerate company that has its headquarters based in Mumbai, Maharashtra. The company originally called as Muhammad and Mahindra and was established in 1945 by the brothers J.C Mahindra, K.C Mahindra and Malik Ghulam Muhammad. The conglomerate is considered to be one of the well-known reputable Indian industrial company and is also a leader in manufacturing utility vehicles including tractors in India.

The company enjoys a strong presence in sectors of real estate, agribusiness, aerospace, commercial vehicles, logistics, real estate, renewable energy, etc. Mahindra employees more than 2,40,000 people across 100 different countries.

Mahindra group started its operation in the steel business, but has now expanded to 22 industries such as aerospace, agribusiness, aftermarket, automotive, construction equipment, defence, energy, farm equipment, finance, insurance, industrial equipment, information technology, leisure, logistics, retail, education, hospitality, etc in 2020.

The CEO of Mahindra group is Anand Mahindra. The Mahindra Group has a $20.7 billion dollar federation of companies that aims in enabling people to rise through innovative mobility solutions, driving rural prosperity, enhancing urban living, nurturing new businesses and fostering communities around the world.

The vision of the company is to empower enterprise everywhere and help in the growth of mobility, rural prosperity, IT, financial services, clean energy and business productivity.

In India, the company is very popular for their innovative IT solutions and reliable yet affordable automobiles. The company is so far successful because of its subsidiaries such as Club Mahindra Holidays, Mahindra Aerospace, Mahindra, Logistics Limited, Mahindra Lifespace Developers, Mahindra Electric Mobility Limited, Tech Mahindra, Mahindra & Mahindra Financial Services Limited and Mahindra & Mahindra Limited among others.

A Brief History of the Mahindra Group
List of Mahindra Group Subsidiaries
A Brief History of the Mahindra Group

Mahindra Group started out as steel trading company more than seven decades ago, now it is a global brand spanning in various industries in more than 100 countries. Earlier known as Muhammad and Mahindra, the company was established in 1945 as a steel trading company by the brothers J.C Mahindra and Kailash Chandra Mahindra and Malik Ghulam Muhammad.

Post the partition of India in 1947, Malik Ghulam left the company and the country to immigrate to Pakistan where he became the first finance minister. This is why K.C Mahindra changed the name of the company to Mahindra & Mahindra in 1948. The company became a leader in the steel industry as also began trading steel with UK suppliers. It also was the company that began manufacturing Willys Jeeps in India in 1947.

It wasn’t until 1956, that the company got listed on Bombay stock exchange, by 1969 the company had entered international markets as an exporter of utility vehicles. Mahindra started its tractor division in 1982 and a tech division (now known as Tech Mahindra) in 1986. When Mahindra group became really big and got into many sectors in 1994, the company had to reorganize, dividing it into six business units like automotive , farm equipment, infrastructure, trade and financial services, IT and Automotive components.

Mahindra & Mahindra is currently one of the largest companies in India, as it was also ranked the top 200 most reputable companies in the world by Forbes in 2009. The Mahindra group then went on launch Mahindra rise a new corporate brand in 2011, in order to unite the company’s image across all industries and countries. Mahindra group entered the two wheeler market by taking over Kinetic motors in India.

In 2011, Mahindra brought a huge stake in the REVA Electric Car Company, the same year the company also acquired SsangYong Motors which is a South Korean company. From then onwards, the company started acquiring international companies like Peugeot Motorcycles and even Pininfarina Spa (an Italian car designer), Hisarlar (a farm equipment company), Erkunt tractors Sanayi (Turkish tractor maker), among others. This is how the Indian conglomerate paved its way to become a global powerhouse.

The history of Mahindra group

List of Mahindra Group Subsidiaries

Here are listed all the Mahindra Group Companies.

Mahindra & Mahindra Limited

Founded: 1945

Mahindra Group Limited

It is the flagship company of Mahindra group which is also a multinational automotive manufacturing corporation. Mahindra and Mahindra Ltd. is headquartered in Mumbai, Maharashtra and has more than 17,577 employees from over 100 countries across the globe. It is also one of the largest manufacturers of vehicles in India and the largest manufactures of tractors in the world.

Mahindra & Mahindra popular cars

Mahindra is known for its commercial vehicles, tractors, two wheelers and even construction equipment. In 2018, the company was ranked 17^th in the top companies list in India by Fortune India 500. This company was started by K.C Mahindra after he was inspired by a jeep invented by Barney Roos, which he saw during a trip to America as Chairman of the India Supple Mission. The main competitors of Mahindra and Mahindra in India are:
The company has been so successful because of its subsidiaries which manufacture and market a wide range of utility vehicles. Mahindra & Mahindra also provides farm equipment services, steel trading, processing services, financial services, infrastructure development, hospitality services, information technology services, systech among numerous others.

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Mahindra Finance

Founded: 1991

Mahindra Finance – Mahindra & Mahindra Subsidiaries

Mahindra Finance is one the top tractor financers in the country as it provides various different financial products to its customers. The company so far has over 4.7 million customers and more than 1200 offices which is spread all across the country.

Mahindra Finance started its first branch in Jaipur in 1995 and began financing non Mahindra vehicles in 2002 and then went on to finance commercial vehicles and construction equipment in 2009.

The vision of Mahindra finance is to provide financial services in semi urban and rural India, as well as transform rural lives and drive positive change in the communities. This is why the company has one branch within the reach of every two villages in India.

The product portfolio of Mahindra finance includes vehicle finance for passenger vehicles, utility vehicles, tractors, commercial vehicles, construction equipment’s, etc.

It also provides SME finance which includes project finance, equipment finance, working capital finance. Mahindra finance is also known for its mutual fund distribution, fixed deposits and personal loans that are tailored as per the customer’s needs. So far the company has over 33,000 employees and is present in all the states of India, with a footprint in 85% of its districts.

Mahindra Finance has brought about a positive change by using its subsidiaries like Mahindra Insurance Brokers Limited and Mahindra Rural Housing Finance to cater to the financial needs of millions of its customers in both rural and semi urban regions of the country. The company has a connection with its customers as, it provides them with evolving needs.

List of Wipro’s Subsidiaries Which You Never Knew About

Wipro is an Indian conglomerate known for its IT services. However, it earns much from its subsidiaries. Read to know Wipro subsidiaries list.

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Tech Mahindra

Founded: 1986

Tech Mahindra – Mahindra & Mahindra Subsidiaries

Tech Mahindra is an Indian tech company which is also one of the main subsidiary of Mahindra group, headquartered in Pune, Maharashtra. The company provides services like Information Technology (IT) and Business Process Outsourcing (BPO). The annual revenue of Tech Mahindra in 2020 was $5.2 billion, it has more than 125, 236 employees spanning across 90 countries.

Tech Mahindra has more than 988 global customers and was also listed under the Fortune 500 companies list in 2019. Currently, the company has over 973 active clients. The company provides innovative and customer centric experiences enabling enterprise, associates and the society to grow. Tech Mahindra was created after Mahindra & Mahindra started its joint venture with the British Telecom in 1986 as technological outsourcing firm.

Tech Mahindra is also known to be the fastest growing brands and amongst the top 15 IT service providers globally. It aims to provide its global customers with next generation technologies including 5G, Blockchain, cyber security, AI and much more in order to help in digital transformation. In 2020, Tech Mahindra also got in the list of India’s 50 best companies to work according to the Great Place to Work.

Mahindra Electric Mobility Limited

Founded: 1994

Mahindra Electric – Mahindra & Mahindra Subsidiaries

Mahindra Electric Mobility Limited was initially called as the Reva Electric Car Company before it was acquired by Mahindra & Mahindra in 2010.

The company has its headquarters in Bengaluru, Karnataka and is known to be a pioneer for designing and manufacturing electric vehicles in India. MEML’s first electric car REVAi was one of the most popular and affordable electric car available 26 countries in over 4000 different variations.

The company is also the first Indian car manufacturer that has travelled more than 170 million ekilometres on its fleet. The Reva electric car company (REVA an acronym for revolutionary electric vehicle alternative) was founded by Chetan Maini in 1994 as a joint venture between the Maini Group and Amerigon Electric Vehicle technologies.

The company has a wide variety of electric vehicles such as the electric sedan eVerito, the electric commercial vehicle, eSupro a van for passenger & cargo and lastly the Treo range of three-wheelers powered by lithium and ion battery. The aim of the company is to develop and produce more affordable electric vehicles for personal and commercial segments.

The future of mobility in India

Mahindra Logistics Limited

Founded: 2000

Mahindra Logistics – Mahindra & Mahindra Subsidiaries

Mahindra Logistics Limited is another subsidiary of Mahindra group that is a leader in the sector of integrated third party logistics service, supply chain management and enterprise mobility solutions. The company was founded more than a decade ago and aims to continue providing customized, innovative and technology enabled solutions to its clients across different industries.

So far, the company has over 500 customers across sectors like automotive, engineering, consumer’s goods, pharmaceuticals, telecom, ecommerce, bulk, banking, IT, financial services, insurance, etc. It has provided transportation services for 1,00,000 plus kilometers per month and has an experienced team with strong domain knowledge.

Mahindra Logistics offers customization and end to end logistics services and solutions, right from distribution, warehousing, in factory logistics and value added services to their customers. The aim of the company is to make the logistic process from origin to end customer easier, affordable, efficient and reliable, with shortened delivery times and better provide customer satisfaction.

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Mahindra Lifespace Developers Limited

Founded: 1994

Mahindra Lifespaces – Mahindra & Mahindra Subsidiaries

Mahindra Lifespaces is a leading real estate development company in India, which is headquartered in Mumbai, Maharashtra. The company was founded in 1994 and has so far created innovative projects and designed living spaces throughout the country. The company is also a pioneer in sustainable urbanization, as it aims to provide responsible, green design and development options to its clients.

Mahindra Lifespace has developed well known projects in metropolitan cities like Mumbai, Pune, Nagpur, Ahmedabad, Delhi, Jaipur, Hyderabad, Chennai, and Bengaluru. The company has so far completed residential projects of about 17.81 million sq. ft. and is working on upcoming residential projects of 7.9 million sq. ft.

It also has over 5000 acres of ongoing and upcoming projects under development at its integrated industrial clusters in 4 different locations. In 2019, Mahindra Lifespaces was ranked 17th among India’s Great Mid-Size Workplaces, by the Great Place To Work Institute.

Mahindra Aerospace

Founded: 2003

Mahindra Aerospace – Mahindra & Mahindra Subsidiaries

Another subsidiary that is a leader in its sector is the Mahindra Aerospace. This Indian aerospace company is the first ever private firm that manufactures civil aircrafts for Indian Aviation market. The company is an AS9100 Rev D certified design organization and has also developed a NAL NM5 light aircraft along with National aerospace laboratories.

The company has manufacturing plants in Latrobe regional airport in Victoria, Australia and Narsapura Industrial Area in Karnataka, India. The Aeros-structure business of Mahindra aerospace is known for providing sheet metal parts and assemblies for major global aerospace and defence companies. It provides more than 350 plus programs in over 9 countries.

Mahindra aerospace has acquired stake in international aircraft manufacturers like GippsAero, Aerostaff Australia in 2009 and Australian Boeing unit in 2010. The company has also used its planes as an air ambulance, rescuing animals and putting out wildfires in the times of need.

Mahindra Holiday and Resorts India limited

Founded: 1996

Mahindra holiday and resorts – Mahindra & Mahindra Subsidiaries

MHRIL is a part of the leisure and hospitality sector of the Mahindra group that was founded in 1996. Mahindra holiday and resorts offers family holiday packages mainly through vacation ownership memberships for over a period of 10 to 25 years. The main offering of the company is the Club Mahindra holidays which is its most popular flagship brand.

The Club Mahindra has more than 260,000 members, with a 100 plus resorts in India and 4,500 affiliated RCI resorts all over the world. The company is also known to be the world largest vacation ownership brand outside America.

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Conclusion

The company aims in enabling people to rise through innovative mobility solutions, driving rural prosperity, nurturing new businesses and fostering communities around the world. Mahindra is so successful and will continue to grow because of its numerous subsidiaries. Mahindra is also a leader in as many as 22 sectors with an annual revenue $13 billion dollar.

Frequently Asked Questions

What does Mahindra group do?

Mahindra Group is a billion-dollar global enterprise that has business in sectors such as aerospace, agribusiness, aftermarket, automotive, construction equipment, defence, and more.

What are the subsidiaries of Mahindra Group?

The list of Mahindra group subsidiaries are:
- Mahindra & Mahindra Limited
- Mahindra Lifespace Developers Limited
- Mahindra Financial Services Limited
- Mahindra Holiday and Resorts India Limited
- Mahindra Aerospace
- Mahindra Logistics Limited
- Mahindra Electric Mobility Limited
- Tech Mahindra
Who is the CEO of Mahindra group?

Dr. Anish Shah is the CEO of Mahindra Group.

Where is the headquarters of Mahindra Group?

The headquarters of Mahindra Group is in Mumbai, Maharashtra.

What is the net worth of Anand Mahindra?

The net worth of Anand Mahindra is $170 Crores.

Who is the CEO of Tech Mahindra?

CP Gurnani is the CEO of Tech Mahindra.

How many companies are there under Mahindra Group?

There are 150 companies having global presence in 23 industries under Mahindra Group.

How many employees are there in Mahindra Group?

There are over 250,000 employees in Mahindra Group.
April 2, 2022
Growth of AgriTech Startups In India: Government Initiatives, Leading Agritech Startups and More
Since the Indus Valley Civilisation, agriculture has been the lifeline of India. We have 70% of Indian households still dependent on farming, contributing 17–18% to the country’s GDP, according to the latest report.

Agritech startups have great potential in India. There is a huge scope of Agritech startups for India’s farmers who are striving against unreliable climate changes, water scarcity, price hikes, and many other problems.

What Are Agritech Startups?
Why is there a Need For Agritech Startups in India?
Initiatives by Indian Government For Agritech Startups
Growth of Agriech Startups in India
Which States are Focusing on Agritech Startups in India?
Leading Agritech Startups in India

What Are Agritech Startups?

Agritech is the concept of applying modern technologies to the agricultural sector with a view of enhancing and producing with efficiency and generating sufficient revenue to support livelihoods.

The concept extends to any kind of applications, practices, products, and services that enhance any aspect, whether input or output, of the agricultural process.

Why is there a Need For Agritech Startups in India?

Today’s farmer faces a lot of challenges to sustain their livelihood through farming. Malpractices in the unorganized agricultural markets and the absence of organized marketing systems for production are becoming a major concern for Indian farmers.

Moreover, they have to deal with poor transportation and storage services and much more. They have limited access to superior technology to get timely information and agricultural solutions which leaves them vulnerable and all by themselves.

Agritech startups have the potential to address these challenges from the very beginning, and subsequently change the face of Indian agriculture. They are the knights in shining armour for Indian farmers.

Initiatives by Indian Government For Agritech Startups

The Government of India has been dynamically making policies to improve farmers’ lives in India. In fact, the government has promised its citizens to double the incomes of farmers by the end of 2022.

Finance Minister Nirmala Sitharaman also said that the government will support new entrepreneurs in driving value addition to farmers’ produce from the field.

The NITI Aayog is collaborating with companies like IBM to pilot technology-driven solutions for the agriculture sector in order to provide real-time advice to the farmers. As a result, artificial intelligence is being used to develop crop-yield protection models.

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Growth of Agriech Startups in India

The Agritech sector is a fast-growing sector with great potential to benefit Indian agriculture and eventually raise farmers’ incomes. Currently, India has 450 Agritech startups and is reported to grow by 25% every year by NASSCOM.

A wave of Agritech startups has emerged in the last few years in India. In India Agritech sector has come a long way with 43 startups in 2013 to more than 1000 startups in 2020, driven by rising in rural internet penetration, a rise in post-harvest and supply chain losses, a growing number of investors interest in the sector, etc.

They are now able to solve agricultural problems such as the use of outdated equipment, supply chain management, lack of proper infrastructure, and farmers unable to access a wider range of markets with ease.

According to the latest report, over 3.23 billion dollars were invested in the agriculture sector worldwide. Of this, 53 Indian Agritech startups raised 313 million dollars. This is a huge breakthrough for Indian startups and these figures will inspire young entrepreneurial minds of our country to seek in the direction of agricultural technology.

Which States are Focusing on Agritech Startups in India?

Although all states are aware of the importance of Agritech startups for agriculture to flourish, some states have actually established startup ecosystem hubs. Karnataka and Maharashtra together account for almost 50 percent of the total Agritech startups opened in the past 5 years in the whole country.

Although Gujarat has a low share in Agritech startups, according to the State Startup Ranking Report 2018 published by The Department of Industrial Policy & Promotion (DIPP), it is the best-performing state in the Indian Agritech startup ecosystem hub.

Leading Agritech Startups in India

1) Ecozen Solutions

Ecozen Solutions Logo

Based in Pune, this Agritech startup was founded in 2010 by Devendra Gupta, Prateek Singhal, and Vivek Pandey. It focuses on developing technology-enabled products to strengthen the farm-to-fork value chain of perishables, with a focus on renewable energy and sustainable development.

Till now, Ecozen has developed two products so far:
- Ecofrost, is a device that acts as a portable cold room that maintains a low temperature. It works on solar power.
- Ecotron, a pump controller for irrigation that also works on solar power.
According to the company, approximately 20,000 farmers in India have used their products. But the owners don’t want to stop there. They are planning to enter new areas for irrigation sales and launch a new set of cold-chain products.

2) FreshVnF

FreshVnF Logo

FreshVnF is founded by entrepreneurs Atul Kumar, Vikas Dosala, Sumit Rai, and Aashish Krishnatre in 2018. It is a Mumbai based Agritech startup that uses machine learning (ML) to optimize a farm-to-fork supply chain by connecting farmers with hotels, restaurants, and cafes.

FrenshVnf is a prospering company, having recently raised 2 million dollars in a funding round led by Equanimity Ventures. It has delivered around 15 tonnes of fresh produce per day to more than 300 clients. The company now aims to provide fresh farm produce to the end customer within 16 hours of harvesting.

3) FIB-SOL Life Technologies

FIB-SOL Life Technologies Logo

FIB-SOL Life Technologies is an agritech startup that was founded in 2013 by a team of post-doctoral and doctoral scholars of IIT Madras. The company’s technology is focused on developing low-cost bio-fertilizers that help farmers to improve crop yield and soil quality.

The company offers three products for its customers under GEL and DROPS which provide microbial nutrients to enrich the fertility of farmlands. They are priced at Rs 420 and Rs 100, respectively.

FIB-SOL also aims to improve product shelf life for manufacturers, help suppliers stock inventory efficiently, and eventually boost farmers’ income. In May last year, the startup received Rs 1.5 crore in angel investment from Keiretsu Forum in Chennai.

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Conclusion

Agritech startups are the need of the nation right now. More and more entrepreneurs are setting up companies in this field, grabbing the opportunity to transform the sector. The government policies are also giving thrust to these startups so that they can easily find investors. The farmers can finally look forward to better price realization now and embrace this new initiative.

FAQs

What is agriTech?

AgriTech is the concept of applying modern technologies to the agricultural sector with a view of enhancing and producing with efficiency and generating sufficient revenue to support livelihoods.

How many agritech startups are there in India?

There are nearly 600 to 700 agritech startups in India.

Are there any listed agritech companies in India?

Bayer CropScience, Godrej Agrovert, and PI Industries are some of the listed agritech companies in India.

Why is agritech important in India?

AgriTech promises to help farmers increase crop yields, improve animal health, reduce waste, lower carbon footprints, and improve scalability by easing the burden of labour-intensive tasks.

What do agritech companies do?

AgriTech companies work on products, services or applications derived from agriculture that improve various processes. Technology and data can open new opportunities and help solve problems with production, traceability, and the preservation of natural resources.
February 16, 2022
Robotic Farming- The Upcoming Revolution In The Agriculture Sector
The collaboration of agriculture with technology might be the most revolutionary one that’s ever been. Agriculture is an industry that accounts for a major portion of a country’s growth and economic stability.

The evolution of the agricultural industry from a basic occupation to a full-fledged high-tech industry has altered the parameters of development and the standards keep on rising. Let us get a complete insight into robotics agriculture and its impact.

Need of Robotics in the Farming Industry
History of Agricultural Robots
Demand in The Market
What Can Agricultural Robots Do?
Application of Robotics in Agriculture
Benefits of Robotic Farming
Agricultural Robotics Companies

Need of Robotics in the Farming Industry

The world is growing at a supersonic speed and predictions say that a number as high as 9 billion would represent the human population by 2050. To cater to a world so big, a striking growth in agricultural production is required. This might justify why farmers’ are taking assistance from the robotic world. This gives a hint about Robotic Farming and Its Impact.

Customer service, manufacturing, mining, packaging, shipping and transportation are all industries that are already using robots to increase their outputs and aim to double the involvement.

The boom in the artificial intelligence sector, the rising population, and the invention of more and more utilitarian robots have caused agriculture to open its gates to innovation. The Verified Market Research, says that the agricultural robots market is expected to touch $11.58 billion by 2025, becoming one of the well-invested markets in the upcoming decade.

History of Agricultural Robots

The first vision of robotics was visible in the agriculture scenario, which can be traced back to the 1920s while doing research-related work i.e. use of automatic vehicle guidance. This landed the advancements between the 1950s and 60s of automated agricultural vehicles. Other developments in this field over the years include the harvesting of oranges using a robot both in France and the US.

The indoor industrial settings had used robots for decades, outdoor robots for the use of agriculture are considered a little more complicated and difficult to furnish. Concerns over safety, over the complexity of picking crops subject to different environmental factors and unpredictability, make the process a little more demanding.

Demand in The Market

There is a looming fear related to the dearth of labour and increasing demands. With a majority population of ageing manpower, countries like Japan are failing to meet the labour market’s clamour. Similarly, in the US, this sector mainly depends on immigrant workers, but the decline in seasonal farmworkers and the country’s notion to stop immigration makes it difficult to meet the bars.

What Can Agricultural Robots Do?

Agricultural robots usually come in handy to perform tasks that are slow, repetitive, and dull for farmers. Robotic farming can help the farmers to focus more on improving the overall yield.

The common duties that agricultural robots can perform are:
- Soil analysis
- Phenotyping
- Weed Control
- Sorting and packing
- Harvesting and picking
- Environmental Monitoring
- Automated mowing, pruning, seeding, spraying
Caring and harvesting crops are some of the most common activities for which many robotic farming companies are developing robots. For instance, Fendt’s Xaver robot, expected to hit the market this year, can execute tasks such as planting and fertilizing crops like corn, weed control, and scouting operations.

Vision Robotics from San Diego is working on robots that will perform “thinning,” which ensures that seeds have sufficient space apart during planting, fastening their growth.

Application of Robotics in Agriculture

Robots have also played a crucial role in preventing losses as big as $43 billion due to weeds resistant to herbicides. They are also set to help farmers by preventing some of the $43 billion losses created by herbicide-resistant weeds. Later, many robotic farming companies like Blue River Technology has introduced a See & Spray robot in the market and marketed it as an effective weed-spraying machine.

Monitoring huge agricultural fields is a humongous task. New sensor and geo-mapping technologies allow farmers to get a much-advanced level of data about their crops than they ever had. Drones and ground robots provide a way to collect this data autonomously.

Another example is the TerraSentia robot, developed by EarthSense which can autonomously move through the fields and use sensors to monitor various plant parameters to analyze the crops without any need for human intervention. It can also be further developed to detect common plant ailments. The data will progressively help scientists to understand the optimal environment to nurture the best crops.

Benefits of Robotic Farming

Irrigating and fertilizing crops is one of the key steps in nurturing healthy crops. Evidently, this uses excess water decreasing efficiency. Inventions like Robot-Assisted Precision Irrigation can help in reducing wasted water by targeting specific plants. Ground robots autonomously navigate through the rows of crops and pour water directly at the base of each plant.

Robots have an additional ability to access areas where other machines cannot. Robotic advancements will also help in filling the decreasing manpower in the agriculture sector. Robots that are being developed have a workload capacity equivalent to 30 human workers.

This will allow the farmers to focus more on the entrepreneurial aspects rather than the manual work involved. These will lead to labour and time savings along with an increase in crop yield, proving that technological progress is prevailing in all aspects of our lives. It will empower the farmers to spend a little less time in the business and more time on the business.

Agricultural Robotics Companies
- Blue River Technology.
- Harvest CROO Robotics.
- PEAT.
- Trace Genomics.
- SkySquirrel Technologies Inc.
- aWhere.
- FarmShots.
- Abundant Robotics.
Conclusion

Though the potential of these machines is extraordinary, they inevitably lead us to the archaic fear that robots will replace human manpower. The positive outlook can be that the farmworkers can function as the operators and managers supervising these automata.

The demand for food is surpassing available land for growing crops and only farmers can fill the gap. Involving robotic power in the sector will not only enhance the agricultural process but will help in increasing the outputs manifold.

We are still in beginner levels of the age of robotics agriculture with most of the inventions in the early trial phases and the R&D phase. These Agribots can create a massive altercation and prove that the future will witness an overpowering reliance on AI, steered by humans.

FAQ

What is the future of robotics in agriculture?

The use of Agricultural Robots will lead to skilled jobs. It just means that the new generation of farmers will need more advanced skills to work alongside robots. Today’s farmworkers will become tomorrow’s fleet managers who oversee robotic farming systems and autonomous vehicles.

What are the uses of robots in agriculture?

Agricultural Robot Applications – Some of the most common robots in agriculture are used for harvesting and picking, weed control, autonomous mowing, pruning, seeding, spraying, and thinning.

What is the future of the agricultural robots market?

According to many researchers, the agricultural robot market should have an annual growth rate of over 20% until 2022. Today, a vast majority of robotics on farms are for milking cows or indoor machines. But soon, robots will start working outdoors in the future.

What are some popular agricultural robots?

Some of the popular robots in agriculture are, Ecorobotix, Nano Technologies, Energid Citrus Picking System, Agrobot E-Series, Blue River LettuceBot2, Agribotix, Vision Robotics, and RoBoPlant.

How AI can help agriculture?

AI-enabled agriculture bots help farmers to find more efficient ways to protect their crops from weeds. AI bots in the agriculture field can harvest crops at a higher volume and faster pace than human labourers. By leveraging computer vision, it helps to monitor the weed and spray them.

What are agricultural robots?

Agricultural robots automate slow, repetitive, and dull tasks for farmers, allowing them to focus more on improving overall production yields. Some of the most common robots in the agriculture sector are used for: Harvesting and picking, weed control, autonomous mowing, pruning, seeding, spraying and thinning.
February 11, 2022
Contribution of Agritech Startups Towards Rural Development in India?
This article is contributed by Mr. Chattanathan Devarajan, Co-founder, Arya.ag

Agriculture sector in India continues to be the backbone of rural economy employing almost 50 percent of the country’s population with a contribution of 19.9% on the GDP. There has been an increased focus on the growth of agriculture and the Government of India has been talking about doubling farm incomes. It is in this context, that it becomes crucial to understand the potential impact and change agritech could create in the country and how new age agri start-ups are contributing to income improvements in rural households especially within the farming community.

Growth in AgriTech Industry
Pricing Factor in AgriTech Industry
Contributions of AgriTech Startups in Rural India
Conclusion

Growth in AgriTech Industry

In the last few years, there has been a phenomenal growth in the agritech/agri-fintech space with substantial investments flowing in the sector. The pandemic allowed for a swift change and acceptance to digital technologies, and it is further anticipated that about USD 25 billion dollar investments need to flow into this sector. Also keeping in mind, the challenges of fragmentation, diversity and accessibility in the sector, the only way to bridge gaps is to overlay technology to the Indian agriculture ecosystem. Digital technologies led services that enable presence closer to farm markets can enable large scale irreversible positive change and the investments flowing into the sector are precisely working towards building these much-required efficiencies, traceability and trust in the agri value chain.

Pricing Factor in AgriTech Industry

Furthermore as is widely known, price is a factor of demand and supply and in India, the price of end produce is not absolutely under control. There is always a risk that continues to remain with some mitigation by way of MSP support by the Government. In this context, the ways in which farm incomes can be increased is through better yield and output. A farmer could work towards increasing productivity through high yielding varieties, the adoption of good agronomic practices and relevant inputs.

The problem of low incomes is further aggravated by the number of intermediaries in the value chain. Lower transparency of market prices, non-availability of competitive services closer to the farmgate and inefficiencies keeping with smaller quantities, often reduce the bargaining power of the small and marginal farmers. With limited access and resources, the cost of production increases and so do logistical expenses from farm to market. Each step of the value chain and the reduced efficiency that goes along with small and marginal farmlands, eat into the profit margins of the farmers and often, a farmer receives only 25% of the actual value of the agri-commodity.

Contributions of AgriTech Startups in Rural India

Most agritechs are working to solve these systemic challenges, re-balancing the agri value chain and shifting the power economics back into the hands of the producer. They are primarily trying to address the inefficiencies in the value chain and increase transparency, removing intermediaries as well as enabling easy access to finance.

We can broadly classify the agri startups contributions as follows:
1. Increasing incomes through cost reduction: There have been lot of new agriculture start-ups which have been trying to provide input market linkages through their respective tech interface innovations. They strive to effectively aggregate the needs at the farm level and enable direct supplies of inputs, tools and tech to effectively reduce costs.
2. Increasing productivity and optimisation of resources: By adopting information and technology-based farm management system more specifically called precision farming, and crop canopy management through satellite imagery, the use of better agronomic practices has led to appropriate usage of inputs and thereby increasing productivity and improving income of farmers.
3. Storage solution and access to finance: Lack of farmgate storage and access to finance, often force farmers into distress sales. New-age agritech startups are looking at creating integrated solutions by enabling famers to store their produce through near farmgate storage solutions, digitising agri-commodities, triggering innovation in storage infrastructure and providing easy access to finance and leveraging the price differentials between off season and on season to improve rural farm incomes.
4. Provision of higher price due to quality: Agritechs have had success with effective output quality management through AI and traceability due to technological advancements. This has had both reduction in food loss and better revenues.
5. Providing efficient market linkages: Providing a good platform for increasing the optionality for sellers. Enabling more buyers for the same produce, ensures producers have both choice of whom to sell, when to sell and at what prices to sell at.
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Conclusion

While some agritech startups have focused on one specific benefit and improved revenues in that section of the value chain, others have layered multiple services. A few of the agri start-ups are in nascent stage, few have moved to the proof of concept and a few have established business models. With the emergence of integrated platform players, one can witness growth in access for services like never before. Access to competitive services, products and tools are no longer limited to the tertiary markets but have seamlessly shifted to the primary and secondary markets. The key benefit in this growth is to the producers in the rural spectrum. Technology advancements have allowed for the growth of efficient and transparent value chains and these interventions have benefitted farmers and other stakeholders with an increase in revenues anywhere between to 30%. Indeed the agritech sector has immense potential to enhance the overall socio-economic considerations of the country’s rural ecosystem.
January 24, 2022
The Subsidiaries of Adani Group That Made it Successful
Adani Group is known to one of most well-known business conglomerate and a leading integrated player in infrastructure and energy spaces in India. The company is founded by Gautam Adani in 1988 and has its headquarters based in Ahmedabad, Gujarat. Adani Group has businesses in different sectors like Energy, Resources, Logistics, Coal Trading & Mining, Real Estate, Aerospace, Public Transport Infrastructure, Consumer Finance, Solar manufacturing, Defense, Gas distribution and Agriculture among others.

In 2015, Adani Group was ranked India’s most trusted infrastructure brand according to the The Brand Trust Report. It is the country’s largest integrated infrastructure conglomerate with a revenue of about $13 billion with operations at 70 locations in 50 different countries.

Adani group has focused on serving the diverse need of Indians and contributing towards nation building, as the company also invests part, of its revenue to protect and develop communities.

The company is known to be the country’s largest port developer and operator with more than 10 ports and terminal like Mundra port under its control. Adani group owns the largest edible oil brand called Fortune Oil, through joint venture with Wilmur International from Singapore. Adani is also the largest private power producer after adding the fourth unit 660 megawatts at its Tiroda Thermal power station. The Group has mines in various countries including India, Indonesia and Australia and also supplies coal to Bangladesh, China, and some Southeast Asian countries.

In 2018, the Adani Ports & SEZ Limited, added equipment and machinery making it the largest dredger fleet in India. The company has reached great heights because some of it’s main subsidiaries which are Adani Enterprises Limited, Adani Green Energy Limited, Adani Ports & SEZ Limited, Adani Wilmur, Adani Power Limited, Adani Total Gas Limited, Adani Transmission Limited, among others.

A brief History of Adani Group
Popular Subsidiaries of Adani Group
Conclusion
FAQs

The growth of Adani Group

A brief History of Adani Group

Gautam Adani – Chairman & Founder of Adani Group

Adani Group had its humble beginnings as a commodity trading firm in 1988 and then got into the import and export of various commodities. Adani group then established the Adani Enterprises Limited which was previously known as Adani exports with just Rs 5 lakhs. In the 90s the company started to develop its own port and by 1995 it began construction at Mundra (which became the largest private port in India in 2002). In 1999, Adani began coal trading and started its joint venture in edible oil refining with Adani Wilmar in 2000.

Over the years, Adani established ports, mines, railway lines, power plants and ships in and outside the country. Later on in 2006, Adani became the largest coal importer in India with 11Mt of coal handling. After Adani won the Orissa mine rights in 2010, it became the the country’s largest private coal mining company in India. Adani bought Galilee Basin mine in Australia with 10.4 Gt of coal reserves and went on to commission India’s largest solar power plant with a capacity 40 MW.

Adani became the largest private sector thermal power producer in India after achieving the 3,960 MW capacity. By 2012 the group shifted its focus on to its businesses in the sectors of resources, logistics and energy. In 2014, Adani power became India largest private power producer, by the next year Adani Renewable Energy Park made a 50:50 joined venture with the Rajasthan Government so it can set up the country’s largest solar park with a capacity of 10,000 MW.

In 2016, Adani’s Aero defense sector signed a pact with companies like Elbit-ISTAR and Alpha Design Technologies in order to work in the field of Unmanned Aircraft Systems in India. The Adani Group acquired a part of Reliance Infrastructure for Rs. 18,800 crore in December 2017.

Under the guidance of Gautam Adani (one of the richest men in India), the company has reached great heights and improved business operations in the sectors like energy, resources, logistics, and agriculture, amongst others. With a net worth of 59.9 billion as of 2021, he has entered the list of top 20 billionaires as per Forbes. He recently Witnessed a Wealth surge of $17 billion in his Net worth.

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Popular Subsidiaries of Adani Group

Adani Enterprise Limited

Adani Enterprise – Adani Group Subsidiaries

Adani Enterprise is one of the major subsidiary and the primary holding company of the Adani Group. The company focuses on establishing other new businesses in the sectors of energy and infrastructure. It acts as an Incubator that converts opportunities into thriving or successful businesses. So far Adani Enterprise has expanded its presence in different industries and has emerged as a market leader.

The company is so successful that it was listed at Bombay Stock Exchange and The National Stock Exchange of India. Since it was established and listed in 1994 the company has come a long way to where it has the market cap of Rs 22,909 Crores. So far companies like APSEZ, Adani Power, Adani Transmissions, Adani Green Energy and Adani Gas have demerged from Adani Enterprise to get independently listed on the Indian stock exchange market.

The company aims in delivering consistent value, maximizing returns for stakeholders and helping in the activities that build a nation. The vision of Adani Enterprise is to build infrastructure for airport, water, roads, data centre, solar manufacturing and have a sustainable value creation.

Adani Ports and Special Economic Zone Limited

Adani PSEZ – Adani Group Subsidiaries

APSEZ is known to be the largest commercial port operator in India as it accounts to more than one fourth of the cargo transport that takes place in the country. APSEZ was originally called as Mundra Port and special Economic Zone Limited until it was changed in 2012. The company started its operations in Mundra Port, but has increased to 10 ports which comprise of 45 berths and 14 terminals across 6 states which are Gujarat, Goa, Kerala, Andhra Pradesh, Tamil Nadu and Odisha.

It is one of the main subsidiaries of Adani group with a market cap of Rs. 77,715 crore. The CEO of the company is Karan Adani. The company has a widespread national footprint because through Adani Logistics Ltd., APSEZ operates 3 inland containers depots and a storehouse of goods before they are custom cleared at the ports. The facilities of the port are specifically equipped with the latest cargo-handling infrastructure which best in class in order to make it capable of handling the largest vessels.

A national geographic documentary on Mundra port

These ports are also well equipped to handle diverse cargos, from dry cargo, liquid cargo, and crude to containers. APSEZ also provides Dredging and Reclaimation solutions for port and harbor construction. Which is why APSEZ currently operates 19 dredgers making it the largest capital dredging capacity in India.

The Mundra SEZ spans over 8000 hectares making it the largest port operational and notified multi-product SEZ in India that offers investment options like Free Trade and Warehousing Zone (FTWZ) and Domestic Industrial Zone in India.

It also helps large scale industries for manufacturing set-up based upon cluster-based development for various industries. APSEZ has also undertaken mangrove afforestation activities to help the environment and also announced in 2016, that all ports and townships are being prepared to run on 100% renewable energy.

Adani Power Limited

Adani Power – Adani Group Subsidiaries

Adani Power is another major business subsidiary of Adani Group. The company has its headquarters based in Ahmedabad, Gujarat and is known to be largest private thermal power producer in India.

The company has thermal plants in Gujarat, Maharashtra, Karnataka, Rajasthan and Chhattisgarh and has a power generation capacity of 12,450 MW. It also operates a huge solar plant of 40 MW at Kutch, Gujarat. Adani Power generated a net profit of Rs 634.64 crores in the fourth quarter.

Adani power plants

This Indian company is the world’s first company to set up a coal based thermal power project registered under the clean development Mechanism (CDM) of the Kyoto protocol. Adani power was established as a power trading company in 1996 and has since signed long term PPAs of about 9,153 MW with the government of Gujarat, Maharashtra, Haryana Rajasthan, Karnataka and Punjab.

Despite being a new to power generation in 2006, the company went on to set up its first power plant at Mundra successfully. The company is also planning to implement a 1.600 MW plant at Godda, Jharkhand.

Adani Power has many successful subsidiaries under it, which are Adani Power Maharashra Limited, Adani Power Rajasthan Limited, Adani Power Dahej Limited, Mundra Power SEZ Limited and Adani Power Overseas Limited. Once Adani obtained the Udupi Thermal Power Plant in a 6,000 crore rupees deal.

In 2014, Adani Power got ahead of Tata Power to become the country’s largest power producer. The company’s power plant at Mundra is also the world first coal fired plant to receive carbon credits from the United Nations Framework Convention on Climate Change. The company was also awarded from the Government of Karnataka for the Udupi Power Plant.

Adani Transmission Limited

Adani Transmission – Adani Group Subsidiaries

Adani’s journey in the transmission industry started way before Adani Transmission Limited was established in 2006. Integrated in 2013, the company handles commissions, operations, maintenance of electric power transmission systems. Adani Transmission Ltd has a total transmission capacity of the company is 16,200 MW and is currently one of the largest private sector power transmission company in India.

The company operates a total network of 12,200 circuit kilometers and additional 3,200 circuit kilometers are under various stages of construction, as of 2020. Adani Transmission was founded by Gautam Adani and has its headquartered in Ahmedabad. The company got into the distribution space with the acquisition of Reliance Infrastructure’s Power Generation, Transmission & Distribution Business in Mumbai in 2018.

Now, the Adani Electricity Mumbai Limited which works under Adani Transmissions caters to more than 3 million customers and their electricity needs in the Mumbai. The company aims in setting up 20,000 circuit kms of transmission lines by 2022 with the help of organic and inorganic growth opportunities. Lastly it is the country’s first private power sector player to secure an international investment grade rating.

Adani Green Energy Limited

Adani Renewables – Adani Group Subsidiaries

This Adani subsidiary is one of the largest renewable companies in India with a current project portfolio of 13,990 MW. Adani Green Energy is known for developing, operating, building and maintaining solar and wind farm projects. The electricity generated is supplied to central and state government institutes or even government backed corporations. The company has now expanded to more than 11 Indian states.

National Geographic documentary on Adani solar power plant

The company uses the latest technologies in its projects and has an impressive portfolio of 54 operational projects and 12 projects under construction. It is leading India on its renewable energy journey and aims to provide a cleaner, better and a greener future for the country. The company operates one of the largest solar photovoltaic plants in the world (Kamuthi Solar Power Project).

Adani Green Energy also has over 39 subsidiaries under it and recently won the world largest solar bid worth 46 billion by the Solar Energy Corporation Of India. The company is known to manage over 5,290 MW of wind energy and solar power plants.

Adani Wilmar

Adani Wilmar – Adani Group Subsidiaries

Adani Wilmar was created out of a joint venture between Adani Group and the Singaporean company Wilmar International Limited. Wilmar one of the fastest growing food FMCG company in India and is Asia’s leading agri business group. The company has the largest range of edible oils such as Soya, Sun, Mustard, Rice bran, Groundnut and cottonseed.

Besides oil it also makes products like Basmati rice, pulses, Soya chunks, Besan, Fortune Wheat flour, Rawa, Sooji, etc which are all well known products in India. Brands like Fortune, King’s, Bullet, Raag, Avsar, Pilaf, Jubilee, Fryola, Alpha, Alife and Aadhar work under Adani Wilmur.

The company has the largest distribution network among all the branded edible oil players in India because it has over 95 stock points, 5000 distributors, 1.5 million outlets across the country.

Adani Wilmar has become successful internationally after selling its Edible oil to Middle-East and is now exporting its products to more than 19 countries in the Middle-East, South East Asia, East Africa, Singapore, Australia and New Zealand.

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Adani Gas Limited

Adani Gas – Adani Group Subsidiaries

This Adani’s subsidiary is a city gas distribution company that mainly serves industrial companies and residential customers in Indian states. Adani Gas is currently uses City Gas Distribution networks in order to supply Piped Natural Gas to commercial, domestic and industrial companies in the country. The company also provides Compressed Natural Gas to the transport sector.

Adani Gas has so far set up city gas distribution networks in cities such as Ahmedabad and Vadodara in Gujarat, Faridabad in Haryana and Khurja in Uttar Pradesh. Natural Gas is not just a environment friendly, but is also convenient and reliable which allows consumers to enjoy a high level of safety, convenience and economic efficiency.

Conclusion

Over the past three decades Adani Group has kept growing to make itself a global leader in various sectors like Energy, Resources, Logistics, Coal Trading & Mining, Real Estate, Aerospace, Public Transport Infrastructure, Consumer Finance, Solar manufacturing, Defense, Gas distribution and Agriculture.

The company is also benchmarked the global standards in all the sectors. The company has so far been successful because of its numerous successful subsidiaries and will continue to grow and reach greater heights in the future.

FAQs

Who is the Chairman of Adani Group?

Gautam Adani is the Chairman of Adani Group.

Where is the headquarters of Adani Group?

Adani Group has its headquarters in Ahmedabad, Gujarat.

What does Adani group do?

Adani group is involved in business operations in the various sectors:
- Energy
- Resources
- Logistics
- Coal Trading & Mining
- Real Estate, Aerospace
- Public Transport Infrastructure
- Consumer Finance
- Solar manufacturing
- Defense
- Gas distribution
- Agriculture
What are the subsidiaries of Adani Group?

The subsidiaries of Adani Group are:
- Adani Gas Limited
- Adani Wilmar
- Adani Green Energy Limited
- Adani Transmission Limited
- Adani Power Limited
- Adani Ports and Special Economic Zone Limited
- Adani Enterprise Limited
January 10, 2022
Amazon Agritech | How Amazon Enters Agritech to Help Farmers?
Amazon has set high standards in e-commerce as well as in many other fields. But the Agritech sector is a new sector on which Amazon is focussing right now due to many different reasons. And also, when it comes to agriculture, you cannot ignore India. Amazon also has big plans for the Indian Agri sector. The Indian agriculture sector is currently experiencing a lot of influence from private players. Amazon is trying to Invest in the Agritech space in India to make some modern changes. This may secure the farm produce in the Indian agricultural sector. Let’s jump into the topic to know more about it.

How will Amazon help farmers?
How is Amazon Entering Agritech?
Benefits of Amazon Agritech
Government Plans For The Agritech Sector
Conclusion
FAQs

How will Amazon help farmers?

Amazon retail is trying to help farmers in India by launching its agronomy services which will notify the farmers about important crop-related data. These early notifications and information will help the farmers to make the necessary decisions for their crops. Now, this whole process takes place through an application through which necessary information is conveyed to the farmers related to crops, and it’s production. Amazon has entered the Agritech sector to secure farm produce. This farm produce yields two-thirds of the country’s $1 trillion retail spendings. Also, in India, many crops are not grown throughout the year. The government aims to bring in the private players to improve the farm work by yielding good results from suitable technology available. Amazon is a private giant which can invest a nice amount of money in reforming the agricultural sector.

Reactive and proactive plant programs supported by Amazon will provide cutting-edge technology to farmers and other crop growers. The dedicated mobile application will provide farmers with real-time advice and information on crop data and insights. As a Private company, Amazon tends to stretch its boundaries in different sectors, and the Agritech sector is perhaps one of the most developing sectors in the current time. Also, crop data needs critical analysis to be processed, and farmers will proceed accordingly, which will improve the crop produce. Private players could fulfill these factors in a better way if they cooperate with the government.

How is Amazon Entering Agritech?

Agronomy services launched by Amazon retail is a new footprint by a private company in the Agritech field of Indian agriculture. This system will provide early guidance and advice to farmers on crop production and other insights. Also, Amazon focuses on machine learning to improve productivity and build a more convenient supply infrastructure. According to Amazon’s Indian senior officials, this technology will improve the quality of crop production and will yield good results.

Also, with this launch, the Amazon Agritech solutions have created an ecosystem through agronomist-powered field interventions. Also, tools were added to track down these field interventions. But every step requires huge support from the farmers on the field. Amazon needs to deliver good quality services with an agreement to supply vegetables and fruits of desired quality. Supply chain is a big challenge for Amazon. Old supply chains may damage the product, which will result in loss of trust and money. As a private giant, it’s not that difficult for the company to invest a big amount in the modernization of the supply chain.

Benefits of Amazon Agritech

Amazon Agritech

This system makes sure that farmers make accurate decisions about their crops on time. The instructions and timely advice help the farmers to get early data on how to manage crop production and increase farm produce. Also, the supply chains can be processed properly now with the interface as well as farmers will get informed about rotten or damaged fruits and vegetables. This will improve the quality of fruits and vegetables, which will reach millions of customers. The government is also aiming to harness profit through suitable technology available. India is a developing nation, so the agricultural sector must get proper reforms.

Also, farmers are showing interest in tech-led innovation in the field of farming. Smart farming methods will make it more profitable for the farmers to grow proper quality crops without much wastage. This technology will improve the results of the farming process and will deliver better. Amazon retail has also planned a proper temperature-controlled supply chain. This will ensure proper and safe transportation of the produce from the farm to the processing centers. After this, the packing process will take place with proper monitoring and will be dispatched to Amazon stores near customers. The Advancement in technology will help in upgrading the older ways of supplies and gathering farming data.

Government Plans For The Agritech Sector

The government of India is seeking a partnership of private giants to revolutionize the Indian agricultural sector. The technology provided by Companies such as Amazon will help to increase the farm yields. As a developing nation, India may see huge reforms in the agricultural sector in the next decade from a more modern perspective. The introduction to machine learning and artificial intelligence with modern supply chains and better advice on crop production are some of the examples. Some of these have already arrived in India, as the Amazon Agritech.

The aim is to increase profit revenue by increasing the farm produce. Also, time delays in supply chains can now be corrected, saving valuable time and capital. Farmers will get early warnings and important updates about the crops, which will help them to work more efficiently in the fields.

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Conclusion

The government and private entities will work together to bring suitable reforms to the sector that employs half of India’s population. Also, the agricultural sector contributes highly to India’s GDP, which is why it needs a good amount of investment too. Private companies have huge capital reserves to invest in technologies which can be helpful for the government to bring reforms. But the end decision must stay with the farmers who will work day and night in the crop fields to feed the entire nation.

FAQs

What is Amazon Kisan store?

Amazon India’s Kisan Store help farmers with agriculture inputs like seeds, farm tools & accessories, plant protection, and many other agricultural products at competitive prices.

What is amazon agronomy service?

Amazon’s agronomy services empower farmers. It helps in following ways:
- It gives them timely advice on farming.
- It enables them to make proper decisions on actions needed for their crops.
- It introduces machine learning technology for better production.
- It helps in building a robust supply chain infrastructure.
November 2, 2021
Who is Arun Raste – The New MD & CEO of NCDEX

On 26 April 2021, the Securities and Exchange Board of India (SEBI) has approved an appointment of the new Managing Director and CEO of the National Commodity and Derivatives Exchange Ltd (NCDEX). The new Managing Director and CEO of National Commodity and Derivatives Exchange Ltd is Arun Raste. Let’s look at who is Arun Raste, the new MD and CEO of NCDEX.

Who is Arun Raste
Education of Arun Raste
Seminars
What is NCDEX
FAQ

Who is Arun Raste

Arun Raste is currently working as the Executive Director of the National Dairy Development Board (NDDB) of India. He is also serving as the director on the board of Indian Immunological Limited which is based in Hyderabad and also the director on the board of Mother Dairy Fruit Vegetable Pvt Ltd. Which is based in Delhi.

He had earlier worked with companies such as Kotak Mahindra Bank, IDFC Bank, ACC Cement, NABARD and also a non-profit NGO IRFT.

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Education of Arun Raste

He has done a bachelor’s degree in economics and also a master’s degree in economics. He also holds a post-graduation diploma in marketing management.

He has an interest in the areas such as BoP finance, Business Strategy, CSR, marketing, Corporate Planning and NGO management.

Seminars

He was invited by the United States State Department for ‘The International Visitor Leadership programme’(IVLP). He has also been part of various conferences and seminars which include the ones at UNCTAD, World Social Forum, IFAT Conference, WTO ministerial, Toyo University Tokyo, Kindai University Nara Japan, PSE Group in European Parliament, Murdoch University Perth Australia, and so on.

He has also published various research papers in National and International Journals.

Now he has been appointed as the Managing Director and CEO of National Commodity and Derivatives Exchange (NCDEX) for a period of 5 years.

What is NCDEX

National Commodity and Derivative Exchange is a commodity exchange platform in India. It is an online commodity exchange platform that provides the market participants a platform to trade in commodities and derivatives.

NCDEX was founded in the year 2003 and has its headquarters located in Mumbai, India. NCDEX is a public limited company that is fully owned by the Government of India. NCDEX has offices in other places which include Delhi, Hyderabad, Jaipur, Kolkata, Indore and Ahmedabad.

What is NCDEX

NCDEX is an leading agricultural commodity exchange in India. It offers value chain services for the entire post-harvest agricultural commodities.

Some of the key investors of NCDEX include National Stock Exchange of India Ltd, National Bank for Agriculture and Rural Development, Life Insurance Corporation of India, Oman India Joint Investment Fund, Investcorp Private Equity Fund, Build India Capital Advisors LLP, Indian Farmers Fertilizer, Cooperative Ltd, Punjab National Bank and Canara Bank.

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FAQ

What is MCX and Ncdex?

NCDEX is predominantly an exchange with leadership in the agri commodity segments, while MCX has leadership in the area of gold, metals and oil.

Where is Ncdex located?

NCDEX headquarters are located in Mumbai and offers facilities to its members from the centres located throughout India.

What is full form Ncdex?

National Commodity & Derivatives Exchange Limited is full form of NCDEX.

Conclusion

Earlier in this month Vijay Kumar who was the former Managing Director and the CEO of NCDEX had left the position from the exchange after the completion of his extended term. Later, SEBI had appointed Arun Raste as the new CEO and MD of NCDEX.

April 26, 2021
Agriculture Business Ideas

Agriculture is one of today’s most sophisticated and challenging markets. Alot of farming companies are currently rising fast.

Any of these farms may be achieved with less money, while others can require tremendous capital investments.

About 60% of the world’s population is dependent on subsistence agriculture. This is why technological innovations have been made to ensure that agricultural goods are continuously supplied to support the masses.

Since then, technical innovation contributed to some of the most profitable agricultural business concepts in 2020, generating business prospects for agriculture around the world. Small farms grow up with traders moving rapidly to benefit from the ideas of money-making growers.

We have found a way out of farmers who believe they struggle forever in their lives because of famine, credit, and last rain. Even small farmers will now produce more simple farming revenue. In agriculture, there are different ways to earn a good income.

Here are a few tips to keep in mind before starting a business in agriculture:

1. Understand what your plan is and what will you be offering to the consumers

You should first have an idea about what you are going to do, what you will be providing, etc before you start something new. This is teamwork. You should also include in this package the revenues you wish to makeover a given period, the equipment you will need to do that, the correct permits for your agri-business, and the correct policies to protect your new businesses in the case of injuries or emergencies.

2. Get your fundings prepared!

Fundings for your Agricultural Business

Find the best way to fund your agriculture. A bank’s loan is becoming extremely difficult to secure for new ventures due to the state of the economy of our country. There are several alternative funding solutions to help the company get started on the right foot.

You should consider agriculture factoring because the company already has incoming and outgoing orders for customers. In periods where you might have more than just going out, agricultural factoring will help your organization monitor the money flow.

As you frequently face outstanding invoices and demands, you will be purchased in advance by a factoring firm to provide you with a cash advance.

3. Have the right approvals and legal documentations done

You need special licenses to run your company, according to your state. The correct documents can be found from the office of the Secretary of State. When you intend to do business with foreigners, make sure you complete the right papers for the countries that you are selling or buying.

4. Establish a Roadmap for Marketing

Roadmap for Marketing

Your organization is ready to work. Farmers, vendors, and others will be made aware of your company by a Marketing Campaign. Your company would suffer without a good marketing campaign.

5. Gather employees to complete your empire and get started

You should consider recruiting staff after you have built a robust marketing strategy and are beginning to reel in new customers. It is not a work to complete orders for your farmer. Get the support you need to give your new buyers a lasting first experience.

You will burden yourself by beginning your agri-business. We hope these 6 tips will enable you to trust your agricultural sector.

Now, we will be able to assist you with multiple fruitful ideas in agriculture if you wish to make your career in agriculture:

1. Mushroom farming

Mushroom Farming Business Ideas

Champagne agriculture is one of the most lucrative farmers, with low investment and less room to launch. The cultivation of mushrooms in India is rapidly increasing as an alternative source of income for many. Largest mushroom growers throughout the country, the United States, China, Italy, and the Netherlands. Uttar Pradesh is India’s leading champagne maker and Tripura and Kerala.

While a farmer who grows only 100 logs of mushrooms cannot be considered a full-time grower of mushrooms, he also can profit. The farmers from the countryside who sterilizes their compost in a barbecue pot and raises just 12 sleeping places in their basements, either, won’t qualify as an official mushroom farmer.

2. Bee farming

Agriculturers considering commercial honey bee production should consider educating beekeepers. Normally, a queen, several thousand workers, and a few hundred drones make up a colony. Job is separated and the role of the different tasks is specialized. They make nests called ‘wax’ which are secreted from worker bees’ wax glands. The bees use their cells to produce small flour and store food. In the upper comb, the sweetheart is stored. Rows of pollen-storage cells, brood cells, and drone brood cells should be present in the comb. Some bee species produce one open pebble, while others develop several pebble pebbles on dark cavities.

3. Production of organic manure

The start of an organic fertilizer manufacturing business can, however, be viewed as a capital-intensive company. If you start your own organic fertilizer production business, you will also obtain subsidies from your government and other donor organizations. It’s important to note that you can think twice before launching an organic fertilizer production firm if you can’t carry offensive smells.

4. Poultry farming

Poultry farming Business Idea

A significant industry is poultry farming. There are essentially two kinds of cultivation – broilers, and layers. Broilers are chicken with beef that you raise. Chicken layers you raise for eggs. It is also important to consider whether to rear broilers or layers of eggs and to raise chicks. This is simply the decision to begin development to produce meat or eggs.

The marketing factor is one of the key aspects that should be remembered when you launch your poultry business. It is impossible to accomplish your company objectives without a marketing strategy.

5. Export fruits and vegetables

The most lucrative is the fruit export market, as fruits in all parts of the world are eating. It is well known that in every world several varieties of fruit do not thrive due to soil or temperature, so the fruit must be shipped to other countries from its countries of origin.

It needs very intensive investment as you would need to buy the fruit farm, rent/lease a factory, pay for transport, and other logistics. This is a very lucrative business but requires a very significant investment.

You should ensure that you comply with all rules and laws before starting to export fruit. I would also note that the business strategy is a very necessary part to be considered.

Before you can become a player in this industry, you don’t need to have a fruit farm; the willingness to know where various kinds of fruit are cheap and to sell to a ready market outside the United States is a key element of this sector.

6. Tea leaves plantation

Tea Leaves Business Ideas

Tea is an Asian native always green shrub. It is known as a drink that is typically drunk sweet, either with water or with milk. Tea is believed to be from southwest China, where it was eaten as a medicinal drink. The reputation of tea steadily spread to countries in East Asia and reached Europe in the 16th century. In FY 2018 India has become one of the world’s leading tea producers with a production of 1325,05 million kg. Tea export income has also grown to 5064.88 crores.

The movement towards cultivating more varieties and mixtures is slowly on the rise, and more area can be cultivated. Ensuring good production and management after the harvest will increase the efficiency of the tea industry.

7. Piggery

Now, when we are talking about the most commonly used meat in the country, it’s pork meat or pig meat and that’s why most people who want to get into the livestock industry choose pig farms.

This agricultural activity primarily focuses on the cultivation, breeding, and selling of pigs. Pigs are known as highly qualified chicken feed converters. In India, socially backward groups have performed this farm for the most part because they don’t have other career opportunities to earn the same income.

Pigs grow faster than other species and take a limited time to be sold as adult pigs on the market. In chemical and soap manufacturing, paints, and poultry feed, the market for pig fat is immense.

Finally, a pig farming company promises a high even break and ROI ratio.

8. Fish farming

Fish Farming is the Fastest Growing Sector

Aquaculture in which fish are raised in enclosures to be sold as food is a method of fish farming. It is the fastest-growing sector in the processing of animal food. In these artificial ecosystems, about half of the world’s fish eaten are cultivated. Farm species are widely grown such as salmon, cod, cacao, trout. These “Aqua-Farms,” or concrete enclosures on the ground, can take the shape of mesh cages immersed in nature.

9. Fertilizer distribution business

In the broader agricultural manufacturing landscape, fertilizer companies belong. Many do not know how important farming and other modes of cultivation are to fertilizer companies. In the fertilizer sector, the dedicated worker has a host of money-making opportunities.

Farming requires fertilizer, by its very existence. Fertilizer not only progresses in agriculture but in general usage, especially organic fertilizers like manure or compost.

10. Potato chips production

Potato Chips Manufacturing Idea

Potato chips are in great demand. With more number of people depending on fast food, Chips are also increasing in demand. By the next few years, it is expected that the demand for home made potato chips may increase every year by around 4 percent in the Indian market.

Being easily affordable and available, the demand and popularity of homemade potato chips are increasing. It is also becoming a part of our ever-changing lifestyle. Chips are also considered as low-fat healthy alternatives for healthy food. This means that in near future the market demand will further increase.

Conclusion

Whichever type of business you choose, do not forget to write down your whole plan and agenda before getting started. You should perform proper market research on the demand, the technological know-how and its marketing before beginning any agro-based company. Before doing this, you can develop an appropriate farming business strategy.

January 21, 2021
Blockchain Explained| Techniques used in agri-tech startups
Compared to the traditional global financial systems or procedures, blockchain technology is considered to be in its infancy. Besides, the superior features that blockchain contains, they can potentially improve or evolve the existing solutions not only in industry and commerce but in all the aspects of our day to day lives, giving birth to the modernization.

The food passing through many hands and processes as it gets to the family dinner table or any restaurant. Who is to assure the quality? How credible is the quality assurance process? Besides what consumer can see and smell, how else can they verify the quality of what is before them at the dinner table? Let us see how the problems have been solved with agri-tech startups.

Blockchain technology adaption in Agriculture which represents 6.5% of the entire world’s economic production employing nearly 40-45% of the total global workforce and its total worldwide production is round about 5 trillion dollars. Farmers have been facing complicated ecosystems with seasonal financing structures, needing careful timing and a lot of moving parts. It has become vital to solving these solutions with modern Blockchain technology.

Blockchain Start-ups In India

The banking sector has modernized and tried to deal with all types of hindrancesin transactions, leakages and ease of process utilising internet. Digitalpayments have almost ended the sluggish and orthodox process of physicaltransactions. It just takes few minutes to do the payments using credit/…

StartupTalkyYash Gupta

What is Blockchain?

Blockchain is everything about recording or continuously monitoring the information in a particular way that makes it difficult to change, hack, or cheat the data or the system.

Blockchain is a special digital ledger of transactions by design that is duplicated and distributed across the entire network of computer systems. It is cryptographically secure and is a write once-append only, distributed and decentralized system.

Each block in the chain contains a set of transactions, and every time a new transaction occurs on the blockchain, a record of the respective transaction is added to every participant’s ledger.

Blockchain uses in Agriculture

Blockchain Technology in Agriculture

Blockchain in agriculture is one of the useful technology that makes the process of growing and supplying food simpler.

Blockchain in agriculture has been around in global markets for quite some time now and even in India, there have been projects for blockchain for food supply. The government had launched a blockchain-based marketplace which was aimed at helping integrate the farmers with markets in a transparent manner and lead to provide a fair price for the coffee producers.

The Blockchain uses in Agriculture:
- Generating a better market data for better decision-making with data science in agriculture
- Financing and insurance for small farmers
- Simplifying all the stages of the agricultural supply chain process
- Providing farmers and businesses with easy access to agricultural financial services
- Reducing financial risks and promoting inclusive trade
- Legally proving certifications to relevant authorities
- Improving food safety and eliminating counterfeit items
- Fair pricing through the value chain for all sectors
- Emission reductions and support for environmentally friendly initiatives
- More informed consumer purchasing decisions
- Sustainable business and reduction of waste
- Decreased transaction fees and less dependence on any services
- Transparent transactions and elimination of fraud
- Improved quality of products and fewer health diseases from food
- Easy Data accessibility
How Blockchain works in Agricultural field

Some Successful Agritech Startups

Witnessing and adapting to the blockchain technology, new and creative start-ups are redesigning the agricultural landscape. Their Projects are mostly focused toward enhancing global traceability, easing international transactions, providing crop insurance, and optimizing the food chain. Here are some of the blockchain agritech startups.

These Agritech Startups are changing the Agriculture Industry

India has the second largest agricultural land in the world. About 60% of ruralIndian households make their living from agriculture. The agro based industrysaw a growth at a CAGR of 16.4% over FY10 to FY18. As of 2019, IndianAgriculture industry worth $39.1 Billion. With many initiatives for farm…

StartupTalkyAshwini

Agri10x

Agri10x, one of the innovative startup, is a Pune-based agritech which has announced that it will collaborate with the Indian government to help the remote farmers to sell their produce directly in the market using blockchain and artificial intelligence platform.

It even provides farmers with transparency with a fair price, and assist them in collecting real-time data to manage their harvests efficiently. This approach will provide farmers with easy access to a global marketplace to sell their produce directly, without needing any middlemen.

AgaveCoin

AgaveCoin, an agritech organization, provides a secure transaction method with their native token AGVC. Its business is aimed at providing a global payment solution to ease the trade of agricultural products and services in the agave production chain. The diverse use of AgaveCoin provides versatile utility of agave-based textiles, biosystems, liquors, nanoplastics, biofuels, organic food, and many more.

AgriDigital

AgriDigital is a cloud-based blockchain program used for commodity management of grain. This handles all the transactions and logistics, buying, selling, and trading grain far better and easier while ensuring transparency and traceability.

It stores all data, manages inventory, and provides easy channels of communications with customers. For buyers, this system provides a dashboard to manage deliveries of grain orders and track the history of the products.

AgriChain

AgriChain is a distributed and decentralized blockchain platform that enables easy management and communication between supply chain participants. The software provides a secure, transparent platform for agricultural stakeholders to transact internationally reducing supply chain costs.

The farming and logistics management software also aims to link distributors, growers, and retailers, for smoother inventory movement.

Demeter

Demeter is trying to evolve traditional agriculture process through the rental of global microfields. It connects those who want to farm organically with those who have tilled land.

The system puts farmers in touch with places they can farm, and potential food customers in touch with farms selling produce. This is to reduce overheads for both parties, resulting in access to affordable organic food.

The Bottom Line

In the agriculture field, blockchain has proved to be a technology that can re-engineer the existing systems from settling transactions, tracing the food origin, tracking food supply and tracking the customer demand to creating new marketplaces. Considering the current competition in this field, it has become a necessity to stay informed of the most recent developments in the field to face the competition.

However, it’s clear that there are opportunities in the agriculture industry. The global agriculture industry is now worth over 2.4 trillion dollars and has over one billion people involved worldwide.
September 13, 2020
Make In India, how India plans to manufacture revolution

The make in India campaign focuses on sectors like oil and gas, railways, electronic systems,ports and shipping, renewable energy, roads and highways. Space, textile and garments, thermal power, tourism and hospitality and wellness.

Mr. Narendra Modi, Prime Minister of India, said

“I want to tell the people of the whole world: Come, make in India. Come and manufacture in India. Go and sell in any country of the world, but manufacture here. We have skill, talent, discipline and the desire to do something. We want to give the world an opportunity that come make in India,”

PROS of Make in India Campaign

Campaign for the masses

The Prime Minister emphasized on the development of labour intensive manufacturing sector. This campaign is to generate a lot of employment opportunities in Manufacturing.This would help National Manufacturing Policy in achieving objectives through this campaign. The aim is to increase the GDP from current 15-16% to 25% till 2022. (Manufacturing sector)

The purchasing power of people will get increased through employment. This will help to eradicate poverty. This would also help in the expansion of consumer base for companies.

Growth of Factories over the Years

Model of the Make In India campaign

The model of the campaign is look east and link west policy . This will strengthen the industrial linkages with other countries. This would also help to build bilateral ties with many countries.The growth model is Export-Oriented. This will improve India’s Balance of Payments. This would also help in piling up foreign exchange reserves.

An auto response mechanism will be formulated by the government. The Government also has decided to resolve issues about procedural clearings. This will be done at different levels in a given time frame. This is a positive step towards an industrial friendly environment.

Foreign investment will not only bring foreign capital. It will also bring technical expertise and creative skills .

Fortifying the Rupee

The emergence of the manufacturing industries would help in converting India. The nation would then will be a hub. A place for the fabrication of various commercial products. This would lead to be a grand collection of the FDI. All this in return would help to strengthen the rupee. This would help against the domination of the American dollar.

Up-gradation of technology

India is an underdeveloped country. This means that we lack various latest, new age mechanization. Lack of new technology is a big hurdle in the path to development of the nation. But due to the campaign a lot of investors would be attracted to India. This would give India an opportunity to upgrade to the latest version of technology.

Availability of Youth

The young generation is often referred to as a unending fuel. Youth comprises of a major Indian population . This youth often moves outside the nation to study and make a future. India due to the lack of young labor misses out on all the innovative and creative points. Make in India can make this possible by keeping the youth in the nation. This would also give them ample opportunities.

StayHappi Company Profile – Generic Medicine Startup in India

Medicine is considered to be one of the most important necessities for all ofus. It is concerned with maintaining and restoring human health, and the role ofa pharmacist is vital for the benefit of the patients. With the rapid growth ofthe pharmaceutical industry, the market players need to provi…

StartupTalkyChayanika Goswami

CONS of Make In India campaign

India, the second China?

When it comes to a theoretical perspective. It can be seen that the campaign tends to violate the theory of comparative advantage. India should import the products that cost more at production in state .

Is the world ready for a second China? This goes as per the point made by Dr. Raghuram Rajan. Government of India wishes to convert India into a second China. India but has no time advantage like China.

India to stop imports?

Make in India will lead India to focus only on export. This will lead India to make some changes in it’s export promotion measures. This can have a devastating effect on the import bill.India suffers from a countless number of companies that are called infrastructural bottleneck. To overcome this India has to invest a huge amount over a span of some years. Generating such a big amount is a a hard task.

Agricultural negligence

Agricultural sector will take the greatest blow due to this campaign. India has 61% cultivable land. This will happen due to the introduction of industrial sector. This introduction would lead to the negligence of Agriculture.

OYO VS Airbnb, a backpackers dilemma and a question by tourists

A traveler, A tourist and A first-time backpacker. These three have something incommon despite their differences in experience. They all want a peaceful nightto stay after having a long walk to someone’s dream place or to a normal visitor a trip. The business of giving people home or a place to …

StartupTalkyAbhishek Gupta

Depletion of Natural resources

The Make in India campaign focuses on Manufacturing Industries. To set up these a lot of industries have to be build up. The manufacture of these requires a lot of natural resources be it fuel, water land. So a lot of new build ups would cause in depletion of these.

Loss of Small businesses

The Make in India welcomes foreign companies. To invest and manufacture in India. This act eases up the rules for foreign trade and investment. This act may seem very healthy when it comes to foreign relations. But this would cause domination over small businesses . This would force them out of business.

Recognition of Indian Products

The make in India campaign would help increase the brand value of Indian products. But this wont help the brand when it would come to the upper middle class. The upper middle class are the people who can actually afford all this. So making a mark in front of them would be a great task.

Make In India

Pollution

India is currently unable to do anything with the problems like Pollution. According to stats Pollution Index of India is 76.50. The Make in India is supposed to increase this further. The level of Pollution in India would rise to levels never seen. This would make the condition in India worse. So, Make in India can help India economically. But would have adverse effects ecologically.

September 4, 2020