Jindal Stainless Ltd. is collaborating with the Japanese company Future Venture Capital Company Ltd. to launch an incubation center for agriculture technology startups in India, to help them by providing sufficient information about the agriculture and to point out the best area for farming. They announced about this program at the ‘Krisi Unnati’ event organized by Confederation of Indian Industry in Bhubaneswar. Till now they have 10 startups signed in on their list and they also got selected for the incubation. They are selected on the basis of their idea and progress and the plans which they are about to follow.
This giant project is led by the founder of Jindal Stainless Ltd., Ratan Jindal. Abhyuday Jindal, vice-chairman of Jindal Stainless Ltd. talked about the working and the space to open up incubation center will be in Gurgaon.
The development and the progress of the project were calculated by the Business Standard and found that this plan will help the startups in securing a better place in the future and they have innovative technology and ideas for the farmers and for the cultivating lands. They have also made the four progress stages, which includes, strengthening existing value change, shifting to higher value crops, diversifying income sources and conserving and managing natural resources.