AgNext Technologies, a leading agritech startup, has opened its first international office in the Middle East, as a part of its global expansion strategy. Located in Abu Dhabi, the office will serve as the company’s international headquarters to facilitate overseas operations in MENA (Middle East and North Africa) markets.
With the aim to bring deeptech enabled solutions for improved, quality-driven food trade, the company will be forging a high-impact leadership team that will be based in Abu Dhabi.
Underlining the expansion, Taranjeet Singh Bhamra, Founder & CEO, AgNext Technologies said, “After establishing market leadership in India, we are excited to enter the UAE, which is a recognised world leader in food trade and agriculture. AgNext is uniquely positioned to provide pioneering technologies that can be instrumental in fostering a digitised ecosystem for quality-based food trade in the MENA region. By connecting buyers and sellers on the axis of quality through AgNext Global Network (AGN), we can deliver superior market linkages, end-to-end traceability and export fulfilment.”
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“This ultimately culminates into an improved food trade experience with better price realisation for our customers. The country’s food trade potential is immense and it offers us fertile grounds to facilitate our global expansion plans for MENA and other markets,” Bhamra added.
It is estimated that the lack of quality assessment solutions leads to approximately US$90 billion in losses globally in agricultural trade. AgNext has innovated deeptech enabled solutions that address this issue and provides blockchain-enabled traceability across the supply chain. The company has the largest commodity portfolio across grains, oilseeds and pulses, spices, animal feed and beverages segment, with comprehensive physical and chemical analysis solutions. AgNext has collected over 3 million food samples to build unique and massive datasets across diverse food categories.
By opening its first international office in Abu Dhabi, AgNext will work to deepen its reach into the MENA markets by diversifying its commodities portfolio and accelerating innovation to drive quality-based food trade.