Build world-class agri-assets and infrastructure – Anith Agrawal, AgriBazaar
Published on : Saturday 16-05-2020
This measure will significantly contribute towards mitigating post-harvest losses and wastage.
May 2020 – Reacting to the Finance Minister’s third in the series of press conferences elaborating on the special economic package to fight the Covid-19 pandemic, Mr Amith Agarwal, Co-Founder & CEO, AgriBazaar, said, “I wish to congratulate Hon'ble PM Mr Modi and FM Smt Sitharaman on the announcement of Rs 1 lakh crore Agri-infrastructure Fund for farm-gate infrastructure. This measure will significantly contribute towards mitigating post-harvest losses and wastage by giving a fillip to scientific storage facilities and also, help the small farmers earn additional income by way of value-added agri-produce.” Agribazaar is an online marketplace that is an intelligent and intuitive system delivering future-ready solutions to the Indian agrarian sector. “The long-term investments will help India build quality, world-class agri-assets and infrastructure that will benefit small farmers in the long time. The focus on aggregation points will help young Indian start-ups, private players and agri-preneurs to build digital and agri-tech driven platforms and solutions so that the small farmer can sell his produce with minimum hassle and maximum profits. Alongside farmgate infrastructure, which will be the hardware, aggregators will provide the software to drive efficiency both in terms of price and wastage losses. I envision a 'Farm In India' economy alongside a 'Made in India' economy in the coming years due to the government's visionary and bold move. In the immediate term, it will provide an impetus for the agri-sector to come out of the COVID19 shock while in the long run it will secure India's food security and supply chain in a self-sufficient manner. Today, is a great day for the India small farm-owner,” Mr Agrawal stated further.
The Indian agri-business is fragmented and Agribazaar with its cutting-edge technology and tools is adding method to the mayhem. With capabilities of warehousing, collateral financing and value-added services, Agribazaar spans across geographies and enhances the efficiencies of the entire ecosystem. It has created a niche for itself given the innate capability of providing online services for e-procurement, auctions and trade in commodities, developing IT tools, IT solutions and services for building an online commodity market for traders, farmers, processors etc. Moreover, business is conducted with total fairness, transparency and integrity between producers and clients. The aim is to contribute to the development of both the social and moral fabric of the communities who are involved with Agribazaar.