BANKING AND ECONOMY
Agricultural and Processed Food Products Export Development Authority (APEDA) signed a memorandum of understanding (MoU) with the National Research Development Corporation (NRDC) to work together to synergize their knowledge for the development of agriculture and allied sectors.
The agreement was signed with an aim to give a boost to the export value chain and to implement the agriculture export policy by synergizing their expertise and knowledge for bringing better value to the stakeholders.
By signing this agreement, both the organizations will cooperate in collaborative projects for the commercialization of embedded technology related to Agriculture and food processing at various levels of the value chain for boosting the export of Agri products.
The technologies will be developed in the areas of climate-resilient agriculture to export carbon-free foods by enhancing the concept of zero carbon emission farming. The key areas of cooperation include developing and improvising farm machinery for low cost, user-friendly and energy-efficient tools for small-scale farmers, and promoting and supporting Agri start-ups associated with the NRDC Incubation Centre (NRDCIC).
NRDC was established in 1953 to promote, develop and commercialize the technologies, know-how, inventions and patents. It functions under the Department of Scientific and Industrial Research.