YES Bank, varsity tie up for agro park

YES Bank and the College of Agribusiness Management, Pant Nagar, have entered into a strategic alliance for establishing an agro park through public-private partnership for the development of integrated agribusiness in Uttaranchal.

The alliance aims to overcome the bottlenecks in the development of modern agriculture by adopting high-end technology interventions in the state.

The alliance hopes to set a precedent in successfully run university-industry linkages, which will create an environment for technological advancement of the agribusiness sector in the state.

It also hopes to provide investment opportunities for both national and international players.

According to Tushar Pandey, the country head of YES Bank, agribusiness is intimately related to infrastructure and there is a wide scope for the development of agricultural infrastructure within Uttaranchal.

Given the inherent strength and untapped potential that the state had in this sector, it was imperative to evolve various agribusiness development projects backed by suitable infrastructure with modern technology interventions, Pandey said.

Adoption of the latest technologies in the production process would become a key enabler for the development of this sector, he said.

This can be facilitated through developing appropriate linkages among farmers, government and the private sector on the principles of public-private partnerships.

"We are happy to enter into this alliance with Yes Bank, which has extensive expertise in PPP to detail some implementable strategies in this area in the state, allowing it to fully exploit its potential in the area of integrated agribusiness," he said.

College of Agribusiness Management, GB Pant University of Agriculture and Technology, was set up to impart education and training to young men and women for developing managerial skill in various areas of agribusiness while YES Bank, India, is a new age private sector bank.