Mahindra Acquires Stake in Gamaya to develop Precision Ag in India
Mahindra & Mahindra’s Farm Equipment Sector (FES), has announced an investment of CHF 4.3 million (Rs 30 crore) for an 11.25% stake in Switzerland based agri-technology firm Gamaya SA. Through this investment, Mahindra says it will make superior farming solutions easily accessible to the global farming community, in line with the company’s Farming 3.0 strategy.
Speaking on the strategic partnership, Rajesh Jejurikar, president, Farm Equipment Sector Mahindra & Mahindra said, “With agriculture increasingly becoming technology-intensive, we at Mahindra are investing in future-ready technologies to provide complete solutions to the global farming community. Our strategic association with Gamaya will enable us to develop and deploy next-generation farming capabilities such as precision agriculture and digital farming technologies. With this partnership, we expect to set new benchmarks in farming and its related services”.
Yosef Akhtman, co-founder and CEO of Gamaya, said, “Agriculture is a complex industry that is undergoing rapid transformation towards efficiency and sustainability. The success of this process will undoubtedly rely on the collaboration between established industry leaders and innovators. We are excited to have Mahindra as an investor and strategic partner to help Gamaya bring the benefits of advanced technology, including hyperspectral imaging and machine learning, to both industrial farmers and small holders around the world.”
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