Climate-Smart Agriculture Is Becoming a Policy Priority
As climate volatility intensifies and farm productivity comes under pressure, Indian states are increasingly looking beyond subsidies toward technology-led agricultural transformation. Governments are now prioritising large-scale, climate-resilient agri-infrastructure that combines private capital, digital systems, and institutional support to improve farmer incomes and long-term sustainability.
MoU Snapshot and Investment Scope
The Government of Maharashtra has signed a ₹2,500 crore Memorandum of Understanding with Rural Enhancers Group and Nutrifresh Farm Tech at the World Economic Forum in Davos.
The agreement was signed in the presence of Maharashtra Chief Minister Devendra Fadnavis and is among the first agriculture-focused MoUs executed at the forum. The project is expected to go live from April 2026.
Under the arrangement, Rural Enhancers Group will act as the funding agency and project integrator, while the state government will provide policy, institutional, and implementation support. The project will be financed through a blended funding structure involving UAE-based financial institutions, Indian public sector banks, development finance institutions, and foreign banks.
What the Project Aims to Build
Founded in 2019 by Ganesh Nikam and Sanket Mehta, Nutrifresh Farm Tech leverages AI and IoT technologies to enable climate-smart farming and agri-supply chains. The company currently offers over 50 products, operates across 15+ Indian states, and serves select international markets. Under the MoU, Nutrifresh’s technology stack will be deployed to support scalable, data-driven agriculture across Maharashtra, with plans to expand operations to 2,000 acres by 2028 and target $250 million in annual revenue.
Why This Matters
This MoU signals a shift in how large-scale agri-tech projects are being structured in India. Instead of fragmented pilots, governments are backing integrated platforms that combine technology, private capital, and policy alignment. For Indian agri-tech founders, the Maharashtra agreement underscores a growing opportunity to partner directly with states on climate resilience, employment generation, women’s participation, and income-led agricultural reform, moving agri-tech from experimentation to infrastructure scale.
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