Agrinnovate India Limited (AgIn), the commercial arm of the Indian Council of Agricultural Research (ICAR) and a Government of India enterprise under the Department of Agricultural Research and Education (DARE), Ministry of Agriculture and Farmers Welfare, has announced a dividend of ₹1,42,23,513 for the financial year 2023–24. This marks a significant milestone for the organization, as it is the first time AgIn has declared a dividend since its establishment in 2011.
The dividend, declared in accordance with the norms and guidelines laid out by the Department of Investment and Public Asset Management (DIPAM), reflects AgIn’s growing financial stability and its commitment to contributing to the public exchequer.
In a formal event held in New Delhi, the dividend cheque was presented to the Union Minister for Agriculture and Farmers’ Welfare, Shri Shivraj Singh Chouhan. The ceremony was attended by several key dignitaries, including Dr. Devesh Chaturvedi, Secretary, Department of Agriculture & Farmers’ Welfare, and Dr. M.L. Jat, Director General of ICAR. The occasion underscored the organization’s evolving role as a vital player in India’s agricultural innovation ecosystem.
Under the stewardship of Dr. Praveen Malik, Chief Executive Officer of Agrinnovate India Ltd., AgIn has expanded its mandate, driving the commercialization of ICAR-developed technologies, building partnerships with industry stakeholders, and bridging the gap between research and on-ground implementation. Its mission is to accelerate the adoption and scaling of innovative agri-technologies, making them accessible to farmers, Agri-startups, and rural entrepreneurs.
The declaration of the dividend is a testament to the organization’s operational efficiency, revenue generation capabilities, and strategic foresight. It also highlights AgIn’s dedication to institutional accountability and financial sustainability, aligning with the broader national goal of doubling farmers’ income and modernizing India’s agricultural value chains.
Since its inception, Agrinnovate India has been instrumental in valorizing public-funded agricultural research and enhancing the reach and impact of breakthrough innovations across crop sciences, animal husbandry, farm mechanization, Agri-biotech, and sustainable practices.
This development comes at a time when the agriculture sector is undergoing rapid transformation, driven by technology, climate-resilient practices, and policy reforms. AgIn’s role as a catalyst for technology transfer and commercialization is expected to grow even more crucial in the years ahead.
With this landmark dividend declaration, Agrinnovate India not only demonstrates its financial maturity but also reinforces its pivotal role in shaping the future of Indian agriculture—one that is innovation-led, inclusive, and globally competitive.
https://pib.gov.in/indexd.aspx?reg=3&lang=1
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