IGFAB

Interest Group in
Food & Agri-business

RATIFICATION 2014

IGFAB

Objectives and functions of the committee

Interest Group in Food & Agri-Business (IGFAB) represents IIM Lucknow in
the domain of Agri-Business.

IGFAB was formed with a vision of making a difference in agri-business by
disseminating awareness about the domain, attempting to carve paths for
conserving the environment and diffuse subtle prosperity in rural India by

undertaking socially relevant activities.

Food & Agri-
Business

Major Domains of
IGFAB

Sankalp-2nd Increased
Agribusiness outstation
Conclave participation

Enhanced
IGFAB
Website

A case study competition exclusively for PGP 29 and ABM
10 for strategizing an Indian agro-based company’s foray
into the world trade.

Agribusiness Conclave conducted for the second
consecutive year on campus, with the objective to bring
the professionals and students on the same platform with
the help of various case study events and live projects.

A bi-annual magazine containing latest developments,
insights, ideas and opinions concerning environment & the
agribusiness sector

A competition for designing an innovative promotional strategy for
an Agri product in collaboration with FarmsnFarmers.

Live Case Lakshya Valoracian Vimarsh A panel
Challenge in discussion on
association SANKALP “Product
with ASI, Development
related to C-Trader and
generation of Innovations in
sustainable the field of
and Agribusiness”,
implementab which included
le marketing renowned
and retailing panellists from
ideas Agri Industry

A Simulation game based on Project Valuation, Carbon
markets and Clean Development Mechanism. It includes
Aligning business Goals with Environment Standards

 A news article analyzing competition
 Exclusively for 1st year students
 Competition aimed at analysing the food

security bill

 Agribusiness Conclave with the primary
objective to bring agribusiness
professionals, academicians, students and
other stakeholders across the country
together on a common platform to
discuss contemporary issues and conceive
path breaking ideas.

 Consisted of mainly 4 events- Lakshya,
Valoracion, Vimarsh and C-Trader.

 A case study competition
 In association with ASI
 Teams qualified for the final round on the

basis of their initial submission on a case
provided by ASI

 An Inter B-School Live case study Competition
 In association with FarmsnFarmers for making

an innovative promotional strategy
 Event on Teams qualified for the final round on

the basis of their initial submission on a case
provided by ASI

 Panel discussion on “Product development
and innovation in the field of agribusiness”

 Panelist from industry and academia

 A Simulation game including Project Valuation,
Carbon Markets and Clean Development
Mechanism

 With the theme of Aligning business Goals with
Environment Standards

 A competition to design communication
strategy for organic food product chain in
India

Sylvan Biannual Magazine - To be published concurrently

S. No. Particulars Budget Sanctioned Actual Spent Difference Budget Proposed Change in Expected Date

Saksham (FY 2013-14) (FY 2013-14) (FY 2014-15) Budget of Event
1(Internal event)
500 336 164 750 250 1st week of July

Lakshya 9,090 1,499 7,591 10,100 1,010

Valoracian 9,090 2,679 6,411 10,100 1,010

Sankalp (Event Pannel 47,100 17,649 29,451 63,750 16,650 24th August
2eoxpteenrnfoalr Discussion 5,500 5,270 230 5,750 250

participants) C-Trader

Green Quiz 13,500 - 13,500 15,550 2,050

sankalp overall 16,300 8,418 7,882 16,300 -
3,500 500 3,750
Aeforia (External 3,000 Last week of
3event) - 250 Jan'14
- -
-

TOTAL 104,580 36,351 68,229 126,050 21,470

mementoes,Bouquets& Miscellaneous

Event Conveya Posters Guest stationery Hight
S. No. Name Certificates nce &banner house
Prizes fooding ea Total
Saksham
(Internal N/A 500 250 750
1event)

Lakshya N/A 300 2,400 2,000 2,000 1,000 1,900 500 10,100

Valoracian N/A 300 2,400 2,000 2,000 1,000 1,900 500 10,100
500 2,550
Sankalp Pannel 52,200 1,000 3,000 1,500 500 3,000 63,750
2 (External Discussion N/A 250 5,750

Event)
C-Trader 5,000

Green Quiz5,000 300 250 10,000 15,550
500 1,200 1,000 14,000
sankalp 250 100 16,300
overall
3,750
Aeforia 3,000 126,05
3(Internal 3,000 0

event)

TOTAL 13,000 2,400 59,200 6,000 7,000 3,500 6,450

Aparajita • Coordinator of the committee for all interactions with Senate and
Student Council

Niyati • Spokesperson of the committee, liasioning with companies,
corporates and faculty, anchoring for the events

Meghna • Content developer for Sylvan and IGFAB Website and Writing
proposals to companies and maintaining alumni relations

Rishabh • Designing posters, magazine & promoting events, coordinating with
website developer

Manoj • Managing IGFAB’s financial account, estimating budget, handling
logistics and operational issues

 Proposed intake of committee members for FY 14-15: 4-5
members

 Roles & responsibilities: Event coordination, client
management, finance, promotion, hospitality & logistics.
(very similar to the roles & responsibilities of senior
members of the committee)

Point of Contact for the Senate during the process -
Aparajita (ABM10009)