A Memorandum of Understanding (MoU) has been signed between Innoterra, a Swiss-Indian food and tech platform company and NABFOUNDATION, a wholly owned subsidiary of NABARD. The MoU aims to develop farmer clusters through products and services of Innoterra platform.
This association will enable both the organizations to engage with India's largest farmer collectives’ network of more than 5000 Farmer Producer Organizations (FPOs). The partnership targets to initially serve 100,000 smallholder farmers in select clusters over the next two years, through a range of hi-tech and high-touch Farmer-360 services that will enable 60 to 100 percent increase in farmer incomes over 3 to 5 years.
The MoU was signed by the CEO of NABFOUNDATION Sanjeev D Rohilla, and Chairman of Innoterra Platform Services Dr. Pablo Erat, in the presence of MD & CEO of NABKISAN, Susheela Chintala.
Speaking on the occasion, Sanjeev D Rohilla said, “This is an important partnership for NABFOUNDATION as it will enable our FPOs and smallholder farmers to access a host of services provided by Innoterra platform. Innoterra’s services are crucial to enable better market access, digitalization, traceability of produce, branding and distribution support for our farmers, thus helping them increase their income multi-fold.”
Congratulating both NABFOUNDATION and Innoterra teams for the partnership, Dr. Pablo Erat said, “We are privileged to partner with NABFOUNDATION - it is a major milestone towards our commitment to uplift smallholder farmers. We are excited to open up our hi-tech and high-touch platform to the FPOs in NABFOUNDATION’s extensive network, allowing us to jointly create a better future for the Indian farmers.”
About Innoterra
Innoterra, erstwhile Pioneering Ventures, has recently brought together its incubated companies, including India’s leading fruit producer-exporter Desai AgriFoods under its corporate umbrella. The company has already connected over 100,000 farmers to its hi-tech and high-touch Platform Division. Innoterra platform offers 360-degree services encompassing farm inputs, data-driven advisory, traceability and market access to smallholder farmers in India.
