The Authorities of Maharashtra has signed a Memorandum of Understanding valued at roughly Rs 2,500 crore with Rural Enhancers Group and Nutrifresh Farm Tech India Pvt. Ltd. on the World Financial Discussion board in Davos.

The settlement was executed within the presence of Maharashtra Chief Minister Devendra Fadnavis and is among the many first agriculture-focused MoUs signed on the discussion board.

The MoU was signed by Ambar Ayade, Managing Director and CEO of Rural Enhancers Group, and Sanket Mehta, CEO of Nutrifresh Farm Tech India Pvt. Ltd.. It outlines large-scale investments in climate-smart and technology-driven agriculture in Maharashtra, with the challenge scheduled to go dwell from April 2026.

Underneath the settlement, Rural Enhancers Group will act because the funding company and challenge integrator, whereas the Authorities of Maharashtra will present coverage, institutional, and implementation help. The challenge can be financed by way of a blended funding construction involving UAE-based monetary establishments, Indian public sector banks, growth finance establishments, and international banks.

The initiative will leverage Nutrifresh’s managed setting agriculture capabilities, which use Synthetic Intelligence and Web of Issues-based applied sciences to ship constant and high-quality produce. Based in 2019 by Ganesh Nikam and Sanket Mehta in Pune, Nutrifresh operates throughout greater than 15 Indian states, gives over 50 merchandise, and serves choose worldwide markets. The corporate plans to broaden operations to 2,000 acres by 2028 and is concentrating on annual income of USD 250 million.

Commenting on the settlement, Ayade stated the initiative is anticipated to generate large-scale direct and oblique employment, promote climate-resilient agricultural practices, encourage agri-tourism, help girls’s participation, and contribute to enhancing farmers’ incomes. He added that structured programmes and warranted market linkages might convey long-term transformation to the agricultural sector.