In a significant move to bolster agricultural infrastructure, Viterra, a leading agribusiness firm, has announced an investment of Rs 250 crore in Vijayapura, Karnataka. Viterra is a Canadian agricultural product manufacturing company headquartered in Regina, Saskatchewan. This investment aims to enhance the agricultural value chain in the region, providing substantial benefits to local farmers and fostering economic growth.
The funds will be allocated towards developing state-of-the-art storage facilities, advanced irrigation systems, and modern processing units, which are crucial for reducing post-harvest losses and improving crop quality. This initiative is expected to create numerous employment opportunities, uplift the rural economy, and support sustainable agricultural practices.
Viterra’s CEO highlighted the company’s commitment to empowering farmers by integrating modern technology and infrastructure, which will help them achieve better yields and higher profits. The investment is also in line with the government’s vision of doubling farmers’ income by 2025, as it aims to bridge the gap between farm produce and market access.
The project is anticipated to kick off in early 2025, with a phased approach to ensure maximum impact and sustainability. This strategic move by Viterra is set to position Vijayapura as a hub for agricultural excellence, driving innovation and prosperity in the sector.
