Farmway Technologies Inc. has just revealed a major partnership with the Government of Georgia. This fintech platform, founded by Indian entrepreneurs, is channeling Rs 870 crore into sustainable agriculture. The move aims to modernize farming through digital innovation. It also strengthens Farmway’s presence in India with ongoing projects.
Upmanyu Misra, CEO and Co-Founder, expressed pride in their Indian roots. He stated that agriculture is part of their heritage. Farmway connects traditional farming with advanced technology. This approach unlocks new capital and climate benefits globally.
The partnership will see Farmway invest Rs 870 crore over five years. Funds will go into infrastructure, logistics, processing, and irrigation systems. This builds on their existing Rs 166 crore investment in almond orchards. Expansion includes 600 more hectares with certified facilities.
Farmway’s India operations will benefit directly. Tokenised ashwagandha farming and a new processing plant are key projects. These initiatives will leverage advancements from the Georgia partnership. The goal is to enhance transparency and efficiency.
Digitizing farmland into blockchain-based tokens is a core strategy. This allows farmers to attract international investors. Every crop can be traced from seed to market. It ensures full transparency and accountability.
The tokenised model offers fractional ownership in farmland. Investors purchase digital tokens tied to agricultural assets. Returns are linked to crop yields and processing revenues. Verified climate benefits like water savings also contribute.
This innovative approach is gaining global attention. The partnership was inaugurated by Georgia’s Minister of Environmental Protection and Agriculture. Investors from India, Italy, and France attended the event.
Minister David Songulashvili praised Georgia’s open agri-industrial policy. He highlighted innovative farmer support programs. These provide a solid foundation for agricultural development. The business environment attracts both international and local investments.
He appreciated Farmway’s substantial investment. Their steps in Agritech and AI are groundbreaking. This showcases Georgia as an attractive destination for foreign investments. It positions the country on the global map.
Farmway’s focus on technology is clear. They blend traditional farming with cutting-edge solutions. This creates opportunities for sustainable growth. It also addresses climate challenges effectively.
The company’s vision is to transform agriculture globally. By linking heritage with innovation, they set new standards. Their work in Georgia and India exemplifies this mission. It promises a brighter future for farming communities.
Investors are showing great interest in this model. The tokenised approach offers unique benefits. It combines financial returns with environmental impact. This dual advantage is highly appealing.
Farmway continues to expand its footprint. Partnerships like this one are crucial. They enable larger scale implementations of their technology. Ultimately, they drive progress in the agricultural sector.