Vedavaag Systems Limited has signed a MoU with M/s Kiya Agro Industries Private Limited, Mumbai to launch an eCommerce platform and Mobile App to build market place for Agri produce/Agri Commodities. The MoU envisages incorporating a subsidiary namely M/s Vedavaag Kiya eCommerce Pvt Ltd. with an equity contribution of 51% from Vedavaag Systems Limited, 40% from Kiya Agro Industries Private Limited and the balance 9% from the promoters of Vedavaag Systems Limited. M/s Kiya Agro Industries is into Agri Commodities trading, exports and imports.