The SPV will serve as NACOF Oorja’s agricultural mobility branch, providing battery-operated machinery and automobiles to the Indian farming population.
In order to promote sustainable farming and turn agriculture into a profitable endeavor, NACOF Oorja, a multi-state cooperative society backed by NACOF and registered with the Ministry of Agriculture, today announced the creation of E ASTRA NACOF OORJA Pvt Ltd, a Special Purpose Vehicle (SPV).
The SPV will serve as NACOF Oorja’s agricultural mobility branch, providing battery-operated machinery and automobiles to the Indian farming population.
The recently established SPV will sell specialized agricultural machinery and vehicles, including the E-Weeder, E-Reaper, E-Brush cutter, and E-Cargo multi-purpose three-wheeler.
It will also sell a recently created 20-liter Milking Cum Chiller unit that is intended to support sustainable dairy production. In a calculated move, E Astra also established a distinct Advanced Technology center, home to the creation of a patient-applied VCU that utilizes Electric Vehicle Range Extender technology to regulate every aspect of an EV.
Shri Ram Iqbal Singh, Chairman, NACOF OORJA, described the company’s vision behind the SPV, by saying, “Our commitment to contribute to the effort of establishing India as a developed nation played a significant role behind this new initiative. Farmers are our Annadata, and to assist their community with cutting-edge indigenous and affordable agricultural equipment that runs on clean energy will multiply their productivity. Also, our digital farming solutions consisting of Artificial Intelligence and data analysis will help them with invaluable information regarding the crop status, weather updates as well as irrigation, streamlining the efforts in a hassle-free way.”
Shri Suresh Babu P, Managing Director, NACOF OORJA, also had similar thoughts, which he shared by saying, “Sustainable agriculture is the need of the hour. Our farmers need all the help they can get and by aligning our superior equipment and mobility products with their requirements, we can empower them to increase their productivity while ensuring farming remains a profitable way of income for them. The primary objective of the SPV remains to empower the Indian farmers with cutting-edge technology, and mechanising their efforts, bringing them at par with the latest practices in agriculture and we are confident of our ability to achieve this target.”
The SPV’s new agricultural products, which are made locally using indigenous technologies, are a natural fit for the Made in India campaign. Given that this development immediately follows NACOF Oorja’s Memorandum of Understanding with an electric mobility company located in Nashik, which will concentrate on improving rural and agricultural mobility in the country, NACOF Oorja is clearly expanding its presence in the agricultural community in India.
