Explanation:

Statement 1: It was incorporated under the Companies Act, 1956 (No. 1 of 1956) on 19th October, 2011. It is a "for profit" Company owned by Department of Agricultural Research & Education (DARE), Ministry of Agriculture, Government of India. It is to act as an effective interface between Indian Council of Agricultural Research (ICAR- an autonomous organization under DARE) on one side and the Stakeholders of agricultural sector (Farmers; Public & Private Sector firms; R&D organizations; Educational Institutions- all of these at National and International level) on the other side, for a significant purpose of securing, sustaining and promoting global agricultural development.

Statement 2: AgIn is an endeavour of ICAR through its parent department-- of Agricultural Research and Education, to share the products of research and development in agriculture and allied sciences with all those who are stakeholders of agricultural sector both at national and international level.