Private sector Yes Bank on Tuesday announced an alliance with Netherlands-based Alterra to introduce the knowledge institution's agrofood park concept in India. | |
| The agrofood park model integrates efficient, effective and environment-friendly high-tech agro production, processing and logistics. Alterra is a part of the Wageningen University Research Centre, Netherlands. |
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| "The alliance is aimed at creating awareness about the concept of an agrofood park within the government and among corporate stakeholders in India. Agri-business corporates would be able to access crop management practices and technologies, across the agri-value chain through this model," Yes Bank said in a statement. |
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| Yes Bank and Alterra signed the alliance agreement during a visit by a delegation of Indian Banks' Association (IBA) to Netherlands for reviewing agri-infrastructure financing and cooperative banking in the region. |
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| Managing director and CEO Rana Kapoor was part of the delegation. The others in the delegation were V P Shetty, chairman of Industrial Development Bank of India and K Cherian Verghese, chairman of Union Bank of India. |
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| Kapoor said: "We strongly believe that the techniques and technologies employed in these parks will benefit food-producers, processors and potential investors in India." |
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