Partnership · Agriculture & Food Systems

Maharashtra signs ₹2,500 Cr MoU with Nutrifresh at Davos

By Startup Enthusiast · 24 January 2026

What they do

Nutrifresh uses AI and IoT to grow consistent high-quality produce in controlled environments

Maharashtra government signed a ₹2,500 crore MoU with Rural Enhancers Group and Nutrifresh at the World Economic Forum in Davos

The project, starting April 2026, aims to expand Nutrifresh to 2,000 acres and generate large-scale employment

Maharashtra government signed a ₹2,500 crore MoU with Rural Enhancers Group and Nutrifresh at the World Economic Forum in Davos.
The MoU is among the first agriculture-focused agreements at Davos.
Maharashtra Chief Minister Devendra Fadnavis was present at the signing.
Ambar Ayade, MD and CEO of Rural Enhancers Group, and Sanket Mehta, CEO of Nutrifresh, signed the MoU.
The project is scheduled to go live from April 2026.
Funding comes from a blend of UAE-based financial institutions, Indian public sector banks, development finance institutions, and foreign banks.
The initiative is expected to generate large-scale direct and indirect employment, promote climate-resilient agriculture, and support women's participation.

The MoU was signed at the World Economic Forum, a global platform for high-value deals.
It is one of the first agriculture-focused MoUs at Davos, signaling growing interest in agri-tech.
The blended funding structure involves international and domestic financial institutions.

Nutrifresh uses AI and IoT-based controlled environment agriculture to grow consistent high-quality produce.
The company operates across more than 15 Indian states.
It offers over 50 products.
Nutrifresh also serves select international markets.
The company plans to expand operations to 2,000 acres by 2028.
It targets annual revenue of USD 250 million.

Project scheduled to go live from April 2026.
Nutrifresh plans to expand operations to 2,000 acres by 2028.
Targeting annual revenue of USD 250 million.
Initiative expected to generate large-scale employment, promote climate-resilient agriculture, encourage agri-tourism, and improve farmers' incomes.