What is Agriota?

Question

Asked: October 17, 20212021-10-17T18:56:12+05:30 2021-10-17T18:56:12+05:30In: Economics

[Deleted User] · Answer 1 · 2021-10-17T19:00:23+05:30

Context:

The United Arab Emirates (UAE) launched Agriota, a new technology-driven agricommodity trading and sourcing e-market platform.

The market platform aims to bridge the gap between millions of rural farmers in India and the Gulf nation’s food industry.
This launch followed the India-UAE Virtual Buyer Seller Meet titled “Forge a New Path in COVID19” organized on August 20.
India exported more than USD 38 billion of agricultural and processed food products in the Middle East.
This platform guarantees secure transactions of funds through a proprietary banking system with a multi-tier escrow structure and ensures traceability to create value for all stakeholders.
This launch will also enable UAE to make a step closer to the top of the Global Food Security Index.