[Ho Chi Minh, Vietnam] – Eras Group, an investment entity in Vietnam, has entered into a Memorandum of Understanding (MOU) with Koidra, a pioneer in intelligent greenhouse automation using artificial intelligence, to initiate a joint venture. This venture is set to develop state-of-the-art greenhouse farms that will incorporate Koidra’s award-winning technology, enhancing agricultural productivity and quality in Vietnam.
With this MOU, Eras Group brings to the table its robust investment acumen and profound understanding of the Vietnamese market, paving the way for the creation of a joint venture that is positioned to elevate the standards of local agricultural practices. This alliance is poised to develop greenhouse facilities that will produce premium quality vegetables, with an eye towards meeting the stringent standards required for export markets.
Strategic Collaboration for Agricultural Advancement
Eras Group’s expertise in fostering impactful investment opportunities, combined with Koidra’s technological prowess in smart farming, represents a strategic collaboration aimed at advancing the agricultural sector. The joint venture will focus on integrating Koidra’s intelligent solutions for optimized lighting, precise irrigation, and climate control, setting new benchmarks for efficient farming operations in Vietnam.
Focused on Sustainable and Quality Produce
The venture aligns with both parties’ commitment to sustainable agriculture, ensuring that the forthcoming greenhouse operations not only boost yield but also prioritize environmental stewardship and resource conservation. The project is envisaged to deliver a consistent supply of high-quality, fresh produce designed to cater to both local consumption and the demands of international markets.
Nguyen Thanh Luan, Vice President of Eras Group, stated, “This joint venture is a testament to our dedication to sustainable development and innovation in Vietnam’s agricultural sector. Through our collaboration with Koidra, we are confident in setting a new standard for high-tech farming practices that will cater to the evolving needs of the market for fresh and nutritious vegetables.”
Kenneth Tran, CEO at Koidra, added, “We are excited to partner with Eras Group. Together, we are eager to apply our intelligent greenhouse automation technology to the production of superior agricultural products in Vietnam.”
About Eras Group
Eras Group is a forward-thinking investment group that specializes in identifying and nurturing sustainable business opportunities within Vietnam. With a diverse portfolio and a strategic approach to market growth, Eras Group has established itself as a key player in driving innovative development projects across various sectors.
Koidra is a world-leading autonomous growing tech company. Koidra has consistently outperformed expert growers, by achieving up to 27% higher profits, in multiple Autonomous Greenhouses Challenges. Their commercial trials have also shown outstanding results, with yield increases surpassing 20%. As a recipient of research grants from the USDA and a partner with leading research institutions, Koidra is at the forefront of groundbreaking research in enhancing crop productivity. Their solutions empower customers to overcome key challenges and achieve high productivity and profitability.
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