Agri Resources collaborate to create a sustainable supply chain
Agri Resources (Mauritius) and ADD-OI have signed a Memorandum of Agreement to work together on the creation of a sustainable vanilla supply
chain in the Indian Ocean. The agreement was signed on the 4th and 5th of November, 2022, in Antananarivo, Madagascar, during the first Indian
Ocean Sustainable Development Conference with the participation of the Malagasy government and backing from the United Nations Development Programs.
In addition to programs for sustainable agriculture, land restoration, agroforestry, and biodiversity preservation, the relationship between ADD-OI and Agri Resources also entails training for the local community, the establishment of local jobs, and economic prospects. These lengthy initiatives have the potential to generate immediate financial success and gain from the expertise of the Agri Resources Group in carrying out these tasks.
Agri Resources (Mauritius) and its subsidiaries conduct their primary business on three islands, where they cultivate, procure, process, trade, and market spices and vanilla.
Since 2015, the company has been expanding in the Indian Ocean. As of right now, it oversees three plantations with a combined area of 145 ha, two processing and export facilities, an essential oil distillery, and a network of more than 1700 smallholder farmers.
The MoU highlights two strategic collaboration priority areas: the socioeconomic advancement and empowerment of farming communities on the islands, as well as the sustainable management of live natural resources and land usage.
“The enormous support for our projects has left us feeling grateful and humbled. The chance to increase the effect of our activities on the environment and the communities we serve by working with ADD-OI, UNDP, and other finance and development institutions”, said Shalina Dhallapah, Director of Agri Resources (Mauritius). The agreement between ADD-OI and Agri Resources Group is effective right away. In 2023, initiatives of 8.5 million euros will be implemented in Madagascar and Mauritius.
source: https://www.ecofinagency.com
