IG International and Agrograde have agreed to form a joint venture, IG Agrograde. The joint venture will facilitate clients with various services, such as the selling and leasing of fruits and sorting and grading processes for the fresh fruit industry in India and internationally. The name of the joint venture company will be IG Agrograde (IG AG Agritech), and the registered office of the company 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 aims to understand the problems faced by the producers which reflect in their focus on improving access to advanced technologies and providing unrivalled technical support. IG Agrograde will empower thousands of producers by improving their operational efficiency and helping them supply high-quality produce to their consumers. The fresh produce industry is witnessing a massive technological revolution with the increasing adoption of artificial intelligence and robots, and IG Agrograde plans on being one the key contributors to this revolution,” IG said.
You may also like to read – Budget 2023-24: Accelerating agritech to create a robust ecosystem
The joint venture plans to offer solutions for apples, citrus, kiwifruit, grapes, dragon fruit, melons, mangoes, strawberries, other berries, and all other fruits. IG International’s organised 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 the 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.”
You may also like to read – Budget 2023: Restructured PACS to transform farmers’ income and life
Kshitij, representative director of Agrograde, said, “It is a pleasure to work with IG International as 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.”
