Press Release

YES BANK partners NITI Aayog and NASSCOM on Role of Digital Technologies in Driving Agribusiness Growth

(From L-R): Ms. Anna Roy (Advisor, NITI Aayog), Ms. Radha Singh (Former Secretary, Ministry of Agriculture), Prof. Ramesh Chand (Member, NITI Aayog), Mr. Sumit Gupta (Group President & National Head, Business & Rural Banking, YES BANK), Mr. Nitin Puri (Sr. President, Food and Agri Strategic Advisory and Research, YES BANK), Ms. Nora Galway (Agriculture Counsellor, Australian Embassy) and Mr. Wouter Verhey (Agriculture Counsellor, Netherland Embassy) unveiling the working paper for technology adaption and deployment of ICT/IOT

Delhi, October 13, 2017: YES BANK partnered NITI Aayog and NASSCOM CoE IoT (Centre of Excellence for Internet-of-Things) to organize the Inaugural edition of #FutureAgriTech Summit. YES BANK also released a working paper for technology adoption and deployment of ICT/IOT for the Food & Agri sector.  The forum witnessed participation from eminent dignitaries including Prof. Ramesh Chand (Member, NITI Aayog), Ms. Anna Roy (Advisor, NITI Aayog), Dr. Ajay Kumar (Addl. Secretary, MeITY), Shri Ashok Dalwai (National Rainfed Area Authority, Ministry of Agriculture & Farmers Welfare), who discussed the Transformative Role of ICT in Food & Agriculture.

The event also saw 8 promising young entrepreneurs showcasing their innovations in diverse focus areas such as IoT for Farm Mechanization, Post harvest supply chain, Agro life science tech, drone tech, data analytics and e-commerce amongst others.

Mr. Rana Kapoor, MD & CEO, YES BANK and Chairman, YES Global Institute said “YES BANK is proud to partner NITI Aayog and NASSCOM Centre of Excellence – IoT for the #FutureAgritech Summit 2017 to focus on digital technology-led innovations across the entire agri value chain & ecosystem.

The Summit is one of several key forums which YES BANK is partnering NITI Aayog on, as part of the ‘Road to GES’ initiative to promote Globel Entrepreneurship Summit (GES) 2017 in Hyderabad next month. GES is a defining symbol of the US-India partnership to promote entrepreneurship and innovation for economic growth and development.

With the growing application of IoT and ICT across the entire agri-value chain, I am confident that #FutureAgritech Summit 2017 will enable a dialogue on the transformational role of digital technologies in driving agribusiness growth in India and shall also help precipitate geographically focused & specific commodity value chain driven, working models on ground involving stakeholders like the agri industry, government, farmers, financial institutions & global experts.”

The event highlighted the technology best practices, policy enablement aspects and innovative financing interventions to be adopted for adoption of scalable digital technology deployment in Food & Agri and allied sectors.

Speaking at the occasion, Prof. Ramesh Chand, Member, NITI Aayog, said “In the Food and Agri sector, it is important to change the way we use input, produce crop & livestock along with marketing and trading of crops. This can be actualized by facilitating private sector participation and creating an enabling ecosystem for investment in Agri sector.”

Ms. Anna Roy, Advisor, NITI Aayog, said “NITI Aayog is at the forefront for defining technology be it in manufacturing, services or agriculture. Challenges of the past need to be addressed through technologies of today. NITI Aayog is willing to partner farmers, industry & start-ups alike, in order to bring in policy & regulatory enablement for the use of multiple digital technologies usage in collaboration with other Government Ministries & Departments”.

Speaking on the topic of Digital India, Dr. Ajay Kumar, Addl Secretary, MeITY, said, “Use of Technology in agriculture is an important aspect of fulfilling the Digital India initiative. Inclusive infrastructure is key to realize & actualize the digital transformation in this sector.”


YES BANK, India’s fourth largest private sector Bank with a pan India presence across all 29 states and 7 Union Territories of India, headquartered in the Lower Parel Innovation District (LPID) of Mumbai, is the outcome of the professional & entrepreneurial commitment of its Founder Rana Kapoor and its Top Management team, to establish a high quality, customer centric, service driven, private Indian Bank catering to the future businesses of India.

YES BANK has adopted international best practices, the highest standards of service quality and operational excellence, and offers comprehensive banking and financial solutions to all its valued customers.

YES BANK has a knowledge driven approach to banking, and offers a superior customer experience for its retail, corporate and emerging corporate banking clients. YES BANK is steadily evolving as the Professionals’ Bank of India with the long term mission of “BUILDING THE FINEST QUALITY LARGE BANK OF THE WORLD IN INDIA”.

Alisha Prakash

Mob: +91 7042662323


Nimisha Mathur
Ph.: +91 9560348410

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