Consider the following statements regarding the 'BHARATI' initiative —
- It is an initiative conceived by the Agricultural and Processed Food Products Export Development Authority (APEDA).
- Its primary objective is to achieve $50 billion in agri-food exports from India by the year 2030.
- It specifically targets startups working in areas like blockchain-enabled traceability and IoT-enabled cold chains.
- Selected startups will undergo a six-month acceleration programme focusing on domestic market penetration.
Which of the statements given above is/are correct?
Explanation – BHARATI stands for Bharat's Hub for Agritech, Resilience, Advancement and Incubation for Export Enablement. It is conceived as APEDA's vision to achieve $50 billion in agri-food exports by 2030. The initiative targets startups working on advanced technologies such as AI-based quality control, blockchain-enabled traceability, IoT-enabled cold chains and agri-fintech. Selected startups will undergo a three-month acceleration programme (not six months) focusing on product development, export readiness, regulatory compliance, and market access.
Explanation – BHARATI stands for Bharat's Hub for Agritech, Resilience, Advancement and Incubation for Export Enablement. It is conceived as APEDA's vision to achieve $50 billion in agri-food exports by 2030. The initiative targets startups working on advanced technologies such as AI-based quality control, blockchain-enabled traceability, IoT-enabled cold chains and agri-fintech. Selected startups will undergo a three-month acceleration programme (not six months) focusing on product development, export readiness, regulatory compliance, and market access.