Yes Bank, PTC+ form alliance to boost innovations in agri sector

NEW DELHI: New generation private sector lender Yes Bank and PTC+, a Dutch practical training institution in the field of farm technology, on Tuesday announced an alliance to encourage innovations in the agriculture sector across SAARC nations.

The alliance will place emphasis on capacity building and training in specialised areas of hi-technology agriculture like integrated soil management, protected cultivation, micro irrigation among others, to large and emerging corporations, NGOs, farmer groups as well as the government, Yes Bank said in a release.

Agri Infrastructure and Cultivation using Hi-Tech Agriculture methods calls for high technology, inputs and training which can be developed and showcased as a prototype that has potential to become a mass development model and therefore it is a crucial component of government planning, said Tushar Pandey, Country Head, (strategic initiatives & advisory govt) Yes Bank.

"This also needs to then reverse integrate as a part of government's policy for structuring and enabling this mass development. Association between the partners will enable this on a large scale across India," he said.

Agri-Infrastructure is a very specialised domain and the bank will capitalise on such international linkages to strengthen our focus on the Indian Agri and Allied sector, he added.