Media Monitor
Agriculture Industry
Farm Reform Acts aim to transform agriculture sector & enhance farmers’ incomeedit
All India Radio News on Air – Online
The government has brought Farm Reform Acts with an aim to transform the agriculture sector in the country and enhance farmers’ income. These Acts include Farmers’ Produce Trade and Commerce (Promotion and Facilitation) Act, 2020, the Farmers (Empowerment and Protection) Agreement on Price Assurance and Farm Services Act, 2020.
The Farmers’ Produce Trade and Commerce (Promotion and Facilitation) Act, 2020 creates an ecosystem where the farmers and traders will enjoy freedom of choice of sale and purchase of agri-produce. It will also promote barrier-free inter-state and intra-state trade and commerce outside the physical premises of markets notified under State Agricultural Produce Marketing legislations.
Efficient irrigation system essential for success of agriculture sector: Shekhawaedit
Outlook – Online
With climate change and reduced water availability affecting major parts of India, an efficient irrigation system is essential for the success of the agriculture sector in India, Union Jal Shakti minister Gajendra Singh Shekhwat said on Tuesday.
He said agriculture contributes around 14 to 16 per cent of India”s GDP, but it still has a huge potential to play a key role in taking the country to a USD 5 trillion economy.
Addressing a session on ”Role of water and Agrochemicals in envisioning a globally competitive, modern, sustainable & inclusive Indian Agriculture Industry” at the ”9th Agrochemicals Conference” organised by the FICCI, Shekhawat said the government has started working with a profitability-centric approach in the agricultural sector ...
Technology in Agriculture
“We Need To Have Futuristic Vision For Agriculture”: G S Shekhawatedit
Businessworld – Online
Gajendra Singh Shekhawat, Minister of Jal Shakti, Department of Water Resources, River Development & Ganga Rejuvenation, said that though agriculture contributes around 14 to 16 per cent of the Indian GDP, still has a huge potential to play a key role in taking India to a $ 5 trillion economy. Addressing the session on ‘Role of water and Agrochemicals in envisioning a globally competitive, modern, sustainable & inclusive Indian Agriculture Industry’ at the ‘9th Agrochemicals Conference’ organized by FICCI, Shekhawat said “We have started working with a profitability-centric approach in the agricultural sector with systematic reforms to make the Indian agriculture sector more successful.”
“Indian economy is directly related to agriculture and agriculture is directly related to ...
Indian farmers offered stake in Robotics Technology Parkedit
The Avenue Mail – Online
Amid growing concerns of many Indian Farmers in the matter of profitability of their traditional ‘Agri’ businesses, Promoter of India’s first Robotics and ‘AI’ (Artificial Intelligence) Technology Park, Sumant Parimal of Innogress has offered stakes in its upcoming project ‘GNRTP’ (Greater Noida Robotics Technology Park) to the Indian Farmers and their Associations on ‘First- Cum-First-Serve’ basis through equity subscription route.
In this matter, Invitation letters have been sent by promoter to the various Farmers Associations of India offering them to subscribe stakes in the upcoming High-Tech Project ‘GNRTP’ by investing in its equity shares. It is worth mentioning that only recently ‘GNRTP’ opened its investment opportunity for Robotics Tech. Park project to select Institutional Investors ...
India’s agritech startups help modernize underused farmlandedit
Nikkei Asia – Online
Agricultural technology startups in India are driving the modernization of the country’s outdated, fragmented and labor-intensive industry.
These companies are helping poor Indian farmers lift low productivity rates and ramp up income by marshaling cutting-edge technology including artificial intelligence. They offer a wide range of business support for farmers, such as providing advice on farming methods and strategies by using weather data and selling their crops directly to retailers.
The agritech startups are playing an increasingly important role in efforts to improve the livelihoods of farming families, which account for 60% of the country’s population of 1.3 billion, and solve some key social problems in Asia’s third-largest economy.
Stubble Burning
Stubble burning should be seen through behavioural lens; providing cost, time-effective alternatives key to ending practiceedit
FirstPost – Online
Stubble burning has been a common way of managing crop residue in north India since at least the 1990s. However, over the last decade, owing to its linkage with Delhi’s winter smog and increased media spotlight, the practice has invited various policy measures from both the state and Central governments.
Despite the government interventions, in 2018-19 Punjab and Haryana burnt 40.21 percent of the 28.10 million tons of paddy straw generated in the fields. While the number of burning events overall has gone down substantially,
Punjab witnessed a significant increase in stubble burning in 2020. As can be seen in the chart below, between 1 October and 28 October, 2020, Punjab recorded 21,335 burning events, which is much higher than the number of ...
Tractor industry
M&M posts 56% increase in tractor sales in Novemberedit
The Hindu Business Line – Online
Fuelled by festival season demand and positive rural sentiments on the back of higher kharif output and rabi sowing, Mahindra Ltd’s Farm Equipment Sector (FES) posted a 56 per cent year-on-year increase in total tractor sales in November.
Total tractor sales (domestic and exports) during November 2020 stood at 32,726 units, against 21,031 units in the same period last year.Domestic tractor sales in November 2020 were at 31,619 units, against 20,414 units during November 2019, marking a 55 per cent y-o-y increase. Exports for the month stood at 1,107 units, against 617 units in November 2019, marking a 79 per cent y-o-y increase.
Motown diaries: Stellar growth in tractor sales to boost November auto volumesedit
The Economic Times – Online
A superb growth in tractor sales and strong demand for other vehicles, especially from rural India, will keep the auto sales numbers in the green as automakers start reporting data from Tuesday onwards.
Auto sales have been improving for a few months now, especially riding on sustained demand from rural markets and festive sales. This is also seen in shares of auto companies, which have been on an upward trajectory.
“The automobiles industry is expected to continue to be on a roll in November with strong sales volumes driven by robust tractor sales, followed by passenger vehicles and two- wheeler sales,” Sharekhan said in a report.
Escorts tractor sales jump 33% YoY in Novemberedit
Business Standard – Online
Escorts’ Agri Machinery Segment (EAM) recorded 33% jump in total tractor sales to 10,165 units in November 2020 from 7,642 units sold in November 2019.
Sequentially, however, the tractor sales have declined by 25.6% from 13,664 units sold in October 2020.
While domestic tractor sales rose by 30.9% to 9,662 units, tractor exports increased by 91.3% to 503 units in November 2020 over November 2019.
Escorts said that the dealer and depot stocks continue to be low. Stock correction in the coming months would continue to push the industry upwards, supported by healthy water reservoir levels and a good harvest. The supply chain still is volatile but should improve going forward. The company has taken a ...