Jindal Stainless Ltd. has formed the collaboration with the Japanese company Future Venture Capital Company Ltd. (FVCCL) to launch an incubation centre for agritech startups in India.

The announcement was made at the ‘Krisi Unnati’ event organised by the Confederation of Indian Industry (CII) in Bhubaneswar. Reportedly, the deal agreement has already been signed and around 5-10 startups will be selected for incubation.

The incubation centre will also have a coworking space along with an international standard laboratory. The selected agritech startups will get an opportunity to network with Japanese companies via an intensive programme led by experienced mentors.

As shared by Abhyuday Jindal, Vice Chairman of Jindal Stainless Ltd, the coworking space for the incubation centre will be located at Jindal Stainless’ office complex at Gurugram and alongside their office at Bhubaneswar and laboratories across intervention areas.

Jindal also suggested the four progress stages of farmer outcomes. This includes – strengthening existing value change, shifting to higher value crops, diversifying income sources and conserving and managing natural resources.

Source: Inc42