Farmer-owned Sahyadri Farms has raised Rs 310 crore from a group of European investors https://economictimes.indiatimes.com/news/company/corporate-trends/farmer-owned-sahyadri-farms-has-raised-rs-310-crore-from-a-group-of-european-investors/articleshow/94202814.cms?from=mdr By Jayashree Bhosale
Sep 14, 2022
"Sahyadri Farms is today, servicing over 18,000 farmers, covering more than 31,000 acres and 9 crops. The capital coming from Korys, FMO, Proparco and Incofin is intended to further grow the company. Sahyadri Farms wants to expand its processing capacity for fruits and vegetables-based products, set up a biomass plant to generate electricity from process waste and enhance its infrastructure like packhouses," said the company release.
Rahul Rai, Partner at Incofin India said, "Incofin feels privileged to lead this investor consortium and its partnership with Sahyadri Farms to support its spread as a global role model of a partnership-based approach to farming that results in sustainable financial impact, climate change adaptation and inclusive growth in rural communities while creating a technology-driven, globally competitive business.” Incofin IM is an AIFM licensed fund manager and has over EUR 1 billion in assets under management.
Françoise Lombard, CEO of Proparco, the private sector financing arm of Agence Française de Développement Group (AFD Group) said, "Proparco is proud to become a shareholder of Sahyadri Farms, one of the largest players in the Indian fruit and vegetable sector, alongside Incofin, Korys and FMO.
Foreign Investors as Equity Holders in FPCs?
Foreign investment story of Sahyadri FPO is now become the discussion points amongst all of us mainly in the development and FPO sector. Therefore I thought to give some light on it.
Prajwal Revanna ‘sex scandal’: BJP under fire as letter shows ‘brahmastra’ warning about JD(S) leader went unheeded https://www.hindustantimes.com/india-news/prajwal-revanna-sex-scandal-bjp-under-fire-as-letter-shows-warning-about-jd-s-leader-went-unheeded-101714370783047.html Apr 29, 2024
Prajwal Revanna, who is seeking a fresh term in the Lok Sabha from Hassan as an NDA candidate, reportedly left for Germany after polling on April 26.
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गले तक कर्ज़ में डूबे मोदी , सीतारमण की होगी छुट्टी ?
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The finance minister's comments comes after the International Monetary Fund flagged the possibility of India's general government debt exceeding 100 percent of GDP.. Sitharaman's remarks comes months after the International Monetary Fund (IMF), while releasing a set of projections, flagged the possibility of India's general government debt exceeding 100 percent of the gross domestic product (GDP).
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