India’s FreshToHome to expand ops in Abu Dhabi after AgTech deal

  • Date: 07-Dec-2020
  • Source: Arabian Business
  • Sector:Technology
  • Country:UAE
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India’s FreshToHome to expand ops in Abu Dhabi after AgTech deal

FreshToHome, the India-based online fresh food major, will receive financial and non-financial incentives from the Abu Dhabi Investment Office (ADIO) to develop projects in the UAE capital.

The move aims to establish Abu Dhabi as a hub for agriculture technology (AgTech) capabilities and FreshToHome will invest in next generation aquaculture and agriculture solutions aimed at supporting food production in arid and desert climates, a statement said.

As predicted by Arabian Business, e-commerce platform has raised significant capital with Dubai-based ICD and Bahrain's Investcorp

It added that the incentives from ADIO will enable research and technology development to expand existing capabilities in Abu Dhabi's AgTech ecosystem and promote innovation to address global food security challenges.

In addition to FreshToHome, ADIO has also partnered individually with two other AgTech companies, Pure Harvest and Nanoracks.

Together with FreshtoHome, the three companies will receive financial and non-financial incentives totalling AED152 million ($41 million) to expand their operations in Abu Dhabi, enabling regulations to drive cutting-edge innovation across the entire agriculture value chain.

Dr Tariq Bin Hendi, director general of ADIO

Dr Tariq Bin Hendi, director general of ADIO said: “The rapid growth of Abu Dhabi's AgTech ecosystem is giving rise to new technologies supporting the advancement of the agriculture sector in