Bengaluru-primarily based FreshToHome, an integrated on the net brand in fresh fish, poultry and meat e- commerce, stated on Monday it would get financialand non- monetary incentives from the Abu Dhabi Investment Office (ADIO) to create projects in desert agriculture and aquaculture in Abu Dhabi.
FreshToHome stated in a statement it would expand farming, provide chain and processing capabilities across precision agriculture and aquaculture in Abu Dhabi.
In addition to FreshToHome, ADIO has also partnered individually with two other agriculture technologies (AgTech) organizations, Pure Harvest and Nanoracks.
“Together with FreshtoHome, the three companies will receive financial and non-financial incentives totalling AED 152 million (USD 41 million) to expand their operations in Abu Dhabi…,” the statement stated.
The new partnerships are a continuation of ADIO’s efforts to accelerate the development of Abu Dhabi’s AgTech ecosystem by way of the AgTech incentive programme, it was stated.
Shan Kadavil, CEO and Co-Founder of FreshToHome, stated: “…we intend to bring our US patent-pending AI-powered Virtual Commodities Exchange technology, our e-grocery platform and our nano farm aquaculture technology to Abu Dhabi, enhancing food production and distribution for the region.”
ADIO is the government entity accountable for attracting and facilitating investment in the Emirate of Abu Dhabi.