“Currently, we are still a very self-financed company, but we are looking to raise capital to expand our business. We see a huge opportunity in this space because we are taking orders from hotels, individuals and restaurants,” says Varshney.
Derived from the Greek words hydro and ponos, meaning water and labor respectively, hydroponics is defined as a method of growing plants in water rather than soil.
This process may seem arbitrary, but growing plants in nutrient-rich water has been practiced for centuries.
Further describing the system, he said, plant roots are suspended in a static, continuously aerated nutrient solution, or in a continuous flow or mist of nutrient solution.
Hydroponics systems have several advantages over the use of traditional planting soil.
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Because the plants aren’t grown in soil, they can precisely control the types of nutrients that go into the plants, allowing workers to instantly correct potential nutritional deficiencies. We grow a wide variety of vegetables and herbs, including different types of lettuce, tomatoes, cucumbers, and green, red, and yellow peppers.
“A small amount of support from the government will help raise more awareness about these vegetables and help reduce cancer in India. There is also great export potential. Increased volumes will also help lower prices.” ‘, said Varshney.
The company works with farmers in areas such as Greater Noida and Mathura.
It costs about Rs.120 crore to Rs.140 crore to set up a facility on one acre of land.
“We are planning to launch in Mumbai and Bangalore soon due to high demand,” said Varshney.