IG International and Agrograde have agreed to form a joint venture, IG Agrograde (IG AG Agritech Pvt. Ltd.). The joint venture will provide clients with a variety of services, including fruit sales and leasing, as well as sorting and grading processes for the fresh fruit industry in India and around the world. The joint venture company's name will be IG Agrograde (IG AG Agritech Pvt. Ltd.), and its registered office will be in Mumbai.
IG Agrograde is being formed to solve some of the major problems faced by fruit producers around the world using state-of-the-art technologies. The team behind this venture has a deep understanding of the problems faced by the producers which reflect in their extreme focus on improving access to advanced technologies and providing unrivaled technical support.
IG Agrograde will empower thousands of producers by improving their operational efficiency and helping them supply high-quality produce to their consumers. This JV will be a prime example of “Made in India, Made for the World” in the agritech ecosystem.
IG Agrograde plans to offer solutions for apples, citrus, kiwifruit, grapes, dragon fruit, melons, mangoes, strawberries, other berries, and many other fruits.
Acclaimed as the leading fresh fruit importer in India, IG International is entrenched with a renowned reputation for more than 50 years in this market segment. The company’s organized and strategic sourcing system, augmented by a seamless supply chain with a well-connected overseas procurement network, enables them to import best-of-breed fruits from 22 different countries.
Speaking about joint venture, Tarun Arora, Director of Single Family Office, IG International, said, “We believe in the idea of using the latest technology for the betterment of the fresh produce industry. This partnership will help in identifying and grading the best quality of the produce while assisting consumers in obtaining high-quality fruits. Agrograde’s rich understanding of technology and a fresh approach to problem solving would play a critical role in the upcoming technological revolution in the fruit supply chain.”
Kshitij, representative director of Agrograde, stated that- “It is a pleasure to work with IG International because they have always been committed to growing high-quality fresh produce. We believe in developing made-in-India technologies to address global issues in the fresh produce industry. The team's extensive knowledge of technology and innovative approach to problem-solving will be critical in the upcoming technological revolution in the fruit supply chain.”
