New variety of zinc-fortified wheat to be expanded soon to combat malnutrition

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Scientists at International Maize and Wheat Improvement Center (CIMMYT), a leading global grains research institute are expecting to ramp up new wheat varieties enriched with zinc that can boost the essential mineral for millions of poor people with deficient diets.  Martin Kropff, director general of CIMMYT told Reuters he expects the newly-developed high-zinc wheat to […]

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Bayer AG to support Atal Innovation Mission for agri and health programmes

Germany-based global life science major Bayer AG has signed a statement of intent (SoI) for a strategic partnership with Atal Innovation Mission (AIM), the government’s programme to create and promote innovation and entrepreneurship.  The SoI will span promotion of science education, advancing digital solutions and agri-tech to strengthen supply chains, and healthcare projects, the company […]

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UNDP India’s Accelerator Lab will help Spices Board of India develop a blockchain-powered system for traceability interface

UNDP India’s Accelerator Lab has signed an agreement with the Spices Board India to build a blockchain-based traceability interface for Indian spices to enhance transparency in trading. Under this Memorandum of Understanding, UNDP and Spices Board India are working towards integrating the Blockchain Traceability Interface with e-Spice Bazaar portal developed by Spices Board India for […]

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Indian agriculture ministry’s CCE project to strengthen govt flagship crop insurance scheme

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The Ministry of Agriculture recently set afoot pilot projects across 100 districts in 13 states to conduct studies to collate data on the crop output pattern by using high-end automation with private partners. The project is meant to strengthen the government’s flagship Pradhan Mantri Fasal Bima Yojna (PMFBY) by ensuring more scientific and accurate yield […]

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Omnivore eyeing for investment opportunities in allied verticals; food processing, agri-fintech firms on radar

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Omnivore, the country’s leading VC fund supporting companies in the fast growing agri-tech business, is now planning to expand its ambit and also include startups from allied sectors of the larger food and agriculture space. Speaking with Indoasiancommodities, Jinesh Shah, Managing Partner of the fund, said that Omnivore has already taken some preliminary steps in […]

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India to become ‘Aatmanirbhar’ in silk production in 2 years: Smriti Irani

Union minister for textiles, Smriti Irani has expressed confidence that India will become self-reliant or Aatmanirbhar in silk production within the next two years. The Minister for Textiles and Women and Child Development said the government aims to provide employment to over one crore people exclusively in the silk segment through the Krishi Vigyan Kendra […]

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Omnivore expected to invest $25M in 2021

Omnivore, the country’s leading VC fund aligned with the fast growing agri-tech business in the country, is expecting to see a major jump in its investment portfolio in the current year.  Speaking with Indoasiancommodities, Jinesh Shah, Managing Partner of the fund, said that the growth of the established agri-tech firms got momentum last year due […]

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India sanctions 134 food processing projects during the pandemic: Minister

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The Centre sanctioned 134 food processing projects across various states last year despite the COVID-19 pandemic and is committed to the growth of the sector, Union Minister Rameswar Teli said. Minister of State for Food Processing Industries Rameswar Teli participated in the fourth-edition of Emerging North East event on Friday in Guwahati. The event was […]

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