While Rs 250 crore will be invested by Our Food, the rest will be through bank loans to farmers setting up the units and equity-cum-debt being raised by the startup
Speaking after signing the MoU, VIT-AP University, Vice-Chancellor, Dr SV Kota Reddy said the FinTech was changing the business and financial models in a way that was never seen before
Both sides agreed to promote cooperation in various disciplines using available facilities, resources and expertise, in the fields of humanities, culture, Arabic and Urdu language & literature, Management etc.
The MoU was signed at Aero India 2021, Bengaluru. GMR Group and Airbus will team up to explore potential synergies in several strategic areas of aviation services including maintenance, components, training, digital and airport services.
The authorities signed the MoU virtually, in the presence of Dr V Praveen Rao, Vice Chancellor PJTSAU. The agreement was executed by Registrar Dr S Sudheer Kumar and Dr PVSM Gouri, CEO, AIOI, New Delhi.
This announcement comes on the heels of Ola's Memorandum of Understanding (MoU) with the Tamil Nadu government to invest nearly Rs 2,400 crore towards building this facility.