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Jindal Stainless & FVCCL Launches Incubator For Agritech Startups

The Agritech Incubator Will Select 5-10 Startups for the first batch.

Jindal Stainless Ltd. in collaboration with the Japanese company Future Venture Capital Company Ltd. (FVCCL) to launch an incubation centre for agritech startups in India. The announcement was made at the ‘Krisi Unnati’ event organised by Confederation of Indian Industry (CII) in Bhubaneswar. Reportedly, the deal agreement has already been signed and 5-10 startups will get  selected for incubation.

The project is being led by Ratan Jindal, Jindal Stainless is the largest integrated stainless steel manufacturing company in India. Abhyuday Jindal, vice-chairman of Jindal Stainless Ltd., shared that the co-working space for the incubation centre will be located at Jindal Stainless’ office complex at Gurugram. 

The development was earlier reported by Business Standard.

Jindal also suggested four progress stages of  farmer outcomes. This includes – strengthening existing value change,  shifting to higher value crops, diversifying income sources and  conserving and managing natural resources.

Agricultural  Production Commissioner Gagan Kumar Dhal further added that Odisha is  the second state of the country which prepares special agriculture  budget. For the current financial year, the state has increased its  irrigation budget from $311 Mn (INR 2,000 Cr) to $1.08 Bn (INR 7000 Cr).

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