BL Agro plans to invest Rs 500 crore in Telangana and has signed an initial pact with the state government to set up a manufacturing plant to make various food products. The company said in a statement that it has signed a memorandum of understanding (MoU) with Telangana Chief Minister Anumula Revanth Reddy to set up a manufacturing unit in the state.
The Government of Greece is in talks with FMCG company BL Agro to explore strategic partnerships in the adoption of agriculture technology, exchange of skilled manpower, promotion of agri trade, animal science, and steps to mitigating climate change, a media release issued by the company on Tuesday said.
Agritech firm Leads Connect, which offers research and development-based analytics related to farms, disasters, climate and hazards, has roped in a fast-moving consumer goods (FMCG) ..
Full-stack agri-tech firm Leads Connect has raised Rs 500 crores from FMCG company BL Agro Industries to enhance its agro-tech stack and provide more value to farmers. The funding will be spread over three years, resulting in a controlling stake for BL Agro. Leads Connect specialises in farm analytics and advisory, and will use the funding to improve technology, expand its reach among farmers, and establish AGRANI Centres in various cities. The company aims to enhance its AGRANI platform, which offers agri-fintech services, through further development of its Khet Se Kitchen Tak initiative.