BL Agro infuses Rs 500 crore in agritech startup Leads Connect financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.
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.
In the company's 112th AGM address Sanjiv Puri, Chairman and Managing Director, ITC Ltd, shared his vision on ITC: Nation First - Transforming for our Shared Tomorrows.The ITC Next strategy seeks to harness this potential and address the .
well, there are a number of places you can look at it. i would argue, ed, the first place you should look for is actually the farm subsidies themselves. because my understanding is at this point in time that the farm bill only includes about 8, 9, $10 billion in savings from ending the farm subsidies, when the president s budget, the ryan budget and the house democratic budget all actually have $30 billion in them, just from getting rid of these excessive farm subsidies. and so the farm bill guys have actually whittled those savings way down. there s no reason taxpayers should be shelling out billions and billions of dollars to large agri businesses. and so that s another place to look. but look, the bottom line is that we should not be moving forward on this unless we can use those savings and other savings we may find to help those folks who are still struggling. and as you have pointed out many
billion. seems the republicans have moved the goalpost. are you confident you can go to conference and come out with something reasonable in terms of cuts to s.n.a.p.? we re going to have to come up with something reasonable in standard & poor s or we re not going to have a farm bill. some of these same house members who have supported enormous subsidies for well heeled agri businesses, those that paid for well-heeled lobbyists, they are not going to get things they think they cut out the most defenseless people in america. it s not going to pass. i would suggest they look at what happened in the senate. we brought republicans and democrats together. most of us on the senate agriculture committee have been there a long time. many of us in both parties served as chair of that committee. we knew how to do it right. we pass it the old-fashioned way, actually bring up amendments, up or down and passing a bill. we saved billions of dollars.