Yes Bank forms alliance with PTC+

YES BANK, India’s new age private sector Bank and PTC+, a premier Dutch practical training institution in the field  of high technology agriculture today announced a Strategic Alliance to develop projects and encourage innovations in the agri sector and other initiatives in the field of Agri-Infrastructure. The alliance will place emphasis on capacity building and training in specialized 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, thereby enabling large scale collaboration amongst all stakeholders.

Specifically, YES BANK and PTC⁺ will offer the following services to stakeholders across the food value chain in India and SAARC nations:

·    Develop Food and Agricultural Supply Chain of International standards.

·    Help Retail Chains, Food Processors and Logistics providers to implement International best practices.

·    Attract International corporates/ investors for Agri-Infrastructure projects in India.

·   Provide training in Hi-Tech Agriculture for technical and supervisory staff of Corporates as well as scientists and research fellows of Govt. institutions.

·    Replicate establishment of Hi-tech Horticulture Training Centers in horticultural progressive states.

·    Assist Government, particularly State Governments and State Agri Universities to set up high-tech cultivation projects, demonstration and provide crucial training through Public Private Partnership.

·    Collaborate in advisory services and project development in India as well as other countries, particularly in the SAARC region, of strategic value in Agriculture, agribusiness & agri infrastructure development domain.

Mr. Tushar Pandey, Country Head, Strategic Initiatives & Advisory Govt. (SIG), YES BANK said “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. This also needs to then reverse integrate as a part of government’s policy for structuring and enabling this mass development. Association between YES BANK and PTC + will enable this on a large scale across India.”

Mr. Wim Bosch, Executive Director of the PTC+ Foundation said, “PTC+ will use its practical know-how in advanced horticulture, animal production and technology to support a second green revolution in India, for small farmers and commercial enterprises alike. Together with the innovative and dynamic YES BANK we want to increase the return of the many infrastructural projects India is preparing”.

Mr. Punit Malik, Country Head, Agri Infrastructure Banking, YES BANK said “Agri-Infrastructure is a very specialised domain and YES BANK will capitalise on such international linkages to strengthen our focus on the Indian Agri and Allied sector. Our specialized project development services will benefit all Indian stakeholders in the Indian Food Value Chain starting from Farmers.”

Mr. Michiel van Mil, PTC+ International said, “PTC+ is a training company that helps farmers, service providers and retailers to develop their skills in turning their inputs and assets into profits. The cooperation between PTC+ and YES Bank will benefit YES Bank customers and will help Indian agriculture in feeding 1 billion people and bringing more prosperity to the countryside”.

Joint collaboration across multiple stakeholders include implementing international standards of Agri Supply Chain (including production, fresh handling, cool chain transport and marketing among others) in India, thus helping in establishing crucial infrastructure for Agri and allied sector. This is expected to have a huge bearing on financing projects both within and outside of the priority sectors, by leading financial institutions in India.  

Sourced From: Adfactors Public Relations Pvt Ltd