India: Agtech launches project for new farm development to attract investments

Brio Hydroponics, a prominent Ahmedabad-based Agritech startup, announced the formation of a mini-JV under the company's Unnati Project to achieve a number of strategic goals. These include developing commercial Hydroponics farms with or for potential investors, attracting retail investors and FDI, and entering the high-value crop segment - exotic vegetables, berries, medicinal crops, aromatic crops, and so on.

Aside from that, the company intends to boost agro-tourism in the country through a variety of marketing and branding initiatives.

The company has developed 48+ commercial Hydroponics setups across India. Investors have already contributed a Capex investment of approximately fifty lakhs to this offering project and have committed to work together for five years or more. Also, a notional land lease rent was given by the investors. 

Brio Hydroponics will provide land to facilitate technical support for integrated hydroponics technology and hydroponics farming. The infrastructure will include building customized integrated hydroponics structures and offer discounted service charges on all projects implemented under the Unnati project.

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