-- Avio Smart Market Stack (NSE:ASMS, BOM:532694) has entered into a memorandum of understanding with Singapore-based bio-innovation company UAL Biotech to explore opportunities in sustainable agriculture and rural ecosystem development, according to a Friday filing to the Indian stock exchanges.
Through the partnership, both parties will explore the deployment of bio-based agricultural inputs through Avio Smart's platform, along with farmer advisory and training programs.
The companies will also work on developing traceable, chemical-free supply chains and pilot projects to show the impact of sustainable farming practices.
The collaboration aims to integrate ASMS's rural digital network of over 5,000 villages and reach of around 40 million farmers and rural residents with UAL Biotech's eco-sustainable biological solutions.