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IB group sets up Rs 200 crore VC fund to boost agri-tech startups
Jan. 2, 2020
The Group will provide 25 per cent loan free investment for the period of 3 years.
The Group will provide free farm management training for investors who grow their business through this investment scheme.
Giving a major boost to agriculture and poultry-based start-ups, the IB group — a Chattisgarh based poultry giant has announced its investment scheme, PARIVARTAN GEN NXT with worth of Rs 200 crore venture capital fund for equity investments.
The voracious move is deliberated to create more than 25,000 employment opportunities accountable for Indian poultry growth and to motivate small poultry business owners to adopt it as a mainstream profession.
Through this investment the IB group, will support young agripreneurs and new investors joining the scheme as 25% loan free investment for 3 years as well as the group promising return on investment ROI in 4 years. The Investment scheme ‘PARIVARTAN GEN NXT’ was launched at recently organized South Asia largest international poultry exhibition held at Hi-tech city Hyderabad.
Indian poultry industry is one of the fastest growing segments of the Indian agriculture sector. As the production of agriculture crops has been rising at a rate of 1.5 to 2% while the production of eggs and broilers has been rising at the rate of 8 to 10% per annum, making India world’s 5th largest egg producer.
Shri Bahadur Ali, Managing Director, IB Group who is also known as ‘Father of Modern Indian Poultry Industry’ said “The talented Indian younger generation is the future governing power of our country. Through our investment scheme, they will get an exciting entrepreneurship path, which they were earlier exploring in various employment opportunities. We will create an entrepreneurial environment for Indian agriprenueres by providing them modern technology used in the US and Europe in India itself
He further added “IB Group wants to bring the country at par with all developed countries in the globe with the new technology. Through this Investment scheme IB Group will support young and new investors joining the scheme as 25% loan-free investment for 3 years, as well as IB Group promising return on investment to its investors in 4 years. IB Group will provide free farm management training for investors who grow their business through this investment scheme and also provide necessary technical support as per requirement”.
About IB Group:
With a humble beginning in 1985 driven by ambition, IB Group has evolved into a diversified industry giant with presence in the poultry, FMCG, solvent, livestock feed, specialized pet food and hospitality segments. Headquartered at Rajnandgaon in the Chhattisgarh state, the company has focused on research & development, advanced technologies and built a competent workforce to impart excellence in its business offerings. Undertaking a slew of socio-economic initiatives, the group has improved lives of rural poultry farmers and underprivileged children, women and youth.
With a humble beginning in 1985 driven by ambition, IB Group has evolved into a diversified industry giant with presence in the poultry, FMCG, solvent, livestock feed, specialized pet food and hospitality segments. Headquartered at Rajnandgaon in the Chhattisgarh state, the company has focused on research & development, advanced technologies and built a competent workforce to impart excellence in its business offerings. Undertaking a slew of socio-economic initiatives, the group has improved lives of rural poultry farmers and underprivileged children, women and youth.
Source: the pioneer
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