Entrepreneur Bets ₹214 Crore on AI-Powered Hydroponics After Drought Loss
Mangalore-based entrepreneur Vivek Raj Poojary, whose agricultural venture ended in complete crop failure due to drought a decade ago, is now leading a ₹214 crore revolution in sustainable farming through his company Panama Hydro-X. The substantial investment will establish an artificial intelligence-enabled hydroponic farming operation in Karnataka, specifically targeting high-value crops including saffron, ginger, turmeric, and various medicinal plants. Poojary, recognized by Forbes India and with an estimated net worth of $700 million, aims to transform agriculture into a predictable, manufacturing-like process through this venture. His vision is to enable farmers to plan crop yields, timelines, and income with near certainty, addressing the volatility that traditionally plagues the agricultural sector. The AI-powered hydroponic system represents a significant technological advancement in Indian agriculture, combining soilless farming with data analytics and automation. This approach not only sets new standards in agricultural innovation but also inspires a global shift toward more sustainable and resilient food production methods, particularly important in climate-vulnerable regions.
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From drought to disruption: Indian farmer bets ₹214 crore on AI-Powered Hydroponics
We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support. ... An Indian entrepreneur who lost his entire crop to drought a decade ago is investing ₹214 crore in artificial intelligence-enabled hydroponic farming to grow high-value spices and medicinal plants in Karnataka. Vivek Raj...
Vivek Raj: Leading the Charge for Sustainable Agriculture through Hydroponic Innovation - Vivek Raj: Leading the Charge for Sustainable Agriculture through Hydroponic Innovation BusinessToday
Leading this transformative movement is Vivek Raj, the CEO of Panama Corporation Ltd., whose latest venture into hydroponic farming is not only setting new standards in agricultural innovation but also inspiring a global shift towards more sustainable food production.
Karnataka: Vivek Raj Poojary earns Forbes India honours for revolutionising saffron farming with hydroponics
Vivek Raj Poojary, a dynamic entrepreneur from Mangalore, has been acknowledged by Forbes India for his revolutionary contributions to the agricultural sector. With a formidable net worth of $700 million (around Rs 6,000 crore), Poojary has become a key figure in transforming agriculture, especially through his groundbreaking venture into hydroponic ...
Panama Hydro-X: Karnataka company revolutionising hydroponic farming with AI-backed technology
We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support. ... A Karnataka-based agri-tech company is gearing up to revolutionise hydroponic farming in India with its innovative Artificial Intelligence (AI)-powered technology. Panama Hydro-X...
New Delhi, Feb 16 (PTI) An Indian entrepreneur who lost his entire crop to drought a decade ago is investing Rs 214 crore in artificial intelligence-enabled hydroponic farming to grow high-value spices and medicinal plants in Karnataka. Vivek Raj, founder and CEO of Mangalore-based Panama Hydro-X, ...
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