Pioneering Ventures, a Swiss-Indian food and technology platform company that helped plug gaps in farming supply chains in India, has rebranded to become a cloud-based platform called Innoterra.
The new company will build a data-driven platform that will equip farmers and other stakeholders with access to data on their mobile phones in a bid to boost productivity and efficiency, it said in a statement on Thursday.
Innoterra will also draw from Pioneering Ventures' work with farmers and other food and technology ventures in India.
Pioneering Ventures has been incubating and developing ventures across India’s agriculture and food supply chain for more than 16 years. It helped improve farm productivity through modern practices and invested 10 billion Indian rupees ($1.37bn) into four ventures that solve problems in agriculture supply chains.
“We see our company as an integral part of the food ecosystem and view our role as an orchestrator with the mission to provide consumers access to healthier and more sustainably produced food, while empowering farmers and other stakeholders in the system," Ron Pal, founder of Pioneering Ventures and chief executive of Innoterra, said.
Innoterra, which has a footprint in 14 countries including the UAE, Saudi Arabia, Oman, Qatar and Iraq, provides products and services to 65,000 farmers and serves around 1.5 million consumers daily through a range of branded high-quality food products with a daily production of 450 tonnes.
The company has more than 120 collection and distribution centres across India, the Middle East and the Philippines.
Food security has come into focus following the Covid-19 pandemic, which disrupted supply chains and trade. In November, the UN World Food Programme estimated that an additional 137 million people could face acute food insecurity by the end of 2020, an 82 per cent increase compared to the pre-Covid estimate of acutely food insecure people in the world.
“In the next 30 years, we will have to increase food productivity by 70 per cent to feed the 10 billion people then living on our planet,” Mr Pal said. “As food security and sustainability is becoming an important global challenge, we must critically question the status quo of the industry and the entire food ecosystem.”
In the next 30 years, we will have to increase food productivity by 70 per cent to feed the 10 billion people then living on our planet
Innoterra, through its data-driven platform, aims to improve the production and distribution of healthy food in a sustainable manner. Currently, it collaborates with more than 15,000 farmers' families to procure fully traceable food products.
The company recently rolled out a solution to empower farmers and rural entrepreneurs by providing farm management training, education and networking. The product also offers improved access to farm inputs, infrastructure and financial services, including affordable loans, the company said.
Innotera said it will continue to scale up its food operations in India and further expand its sourcing and distribution footprint in regions such as the Middle East, Eastern Europe and China, Akshaya Kamath, chairman of Innoterra India, said.
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- 950 foreigners linked to ISIS and their families
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- One of the nine official (UN recognised) camps in the region
Killing of Qassem Suleimani
Killing of Qassem Suleimani
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Name: Kumulus Water
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Sole survivors
- Cecelia Crocker was on board Northwest Airlines Flight 255 in 1987 when it crashed in Detroit, killing 154 people, including her parents and brother. The plane had hit a light pole on take off
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Killing of Qassem Suleimani
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Messi at the Copa America
2007 – lost 3-0 to Brazil in the final
2011 – lost to Uruguay on penalties in the quarter-finals
2015 – lost to Chile on penalties in the final
2016 – lost to Chile on penalties in the final
Indoor Cricket World Cup
Venue Insportz, Dubai, September 16-23
UAE squad Saqib Nazir (captain), Aaqib Malik, Fahad Al Hashmi, Isuru Umesh, Nadir Hussain, Sachin Talwar, Nashwan Nasir, Prashath Kumara, Ramveer Rai, Sameer Nayyak, Umar Shah, Vikrant Shetty
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Yemen's Bahais and the charges they often face
The Baha'i faith was made known in Yemen in the 19th century, first introduced by an Iranian man named Ali Muhammad Al Shirazi, considered the Herald of the Baha'i faith in 1844.
The Baha'i faith has had a growing number of followers in recent years despite persecution in Yemen and Iran.
Today, some 2,000 Baha'is reside in Yemen, according to Insaf.
"The 24 defendants represented by the House of Justice, which has intelligence outfits from the uS and the UK working to carry out an espionage scheme in Yemen under the guise of religion.. aimed to impant and found the Bahai sect on Yemeni soil by bringing foreign Bahais from abroad and homing them in Yemen," the charge sheet said.
Baha'Ullah, the founder of the Bahai faith, was exiled by the Ottoman Empire in 1868 from Iran to what is now Israel. Now, the Bahai faith's highest governing body, known as the Universal House of Justice, is based in the Israeli city of Haifa, which the Bahais turn towards during prayer.
The Houthis cite this as collective "evidence" of Bahai "links" to Israel - which the Houthis consider their enemy.
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Stars: Basel Adra, Yuval Abraham
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The specs
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- Torque: 760nm
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- Price: Not announced yet
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