Media Monitor
Agriculture Industry
India Pesticides files IPO papers with Sebi, plans to launch Rs 800-crore public issueedit
Financial Express – Online
Agrochemical technicals company India Pesticides Ltd has filed preliminary papers with capital markets regulator Sebi. The Uttar Pradesh-based company looks to raise Rs 800 crore through an initial public offering which comprises fresh issue of shares worth Rs 100 crore and an offer of sale (OFS) of Rs 281.4 crore by promoter Anand Swarup Agarwal and Rs 418.6 crore by selling shareholders, according to draft red herring prospectus. The equity shares are proposed to be listed on BSE and NSE.
The company and selling shareholders in consultation with book running lead managers may consider a further pre-IPO placement issue of Rs 75 crore. The company in DRHP said that if the pre-IPO placement takes place then ...
Scientists develop monsoon forecast model to help kisanedit
The Pioneer – Online
Scientists, including those of Indian-origin, have developed a new system which they say can provide farmers in India early forecasts of expected variations in the monsoon season, an advance which may help reduce crop losses.
The researchers, including those from the European Centre for Medium-range Weather Forecasts (ECMWF) in the UK, used their long-term global weather forecasting system to predict when the summer monsoon will start, and how much rainfall it will bring.
In the study, published in the journal Climate Dynamics, they noted that the model provided accurate forecasts a month in advance for the timing of the monsoon in India’s major agricultural regions.
The scientists believe providing this information to farmers could help them ...
Karnataka to soon unveil policy framework on agriculture start-upsedit
Business Standard – Online
Karnataka Agriculture Minister B C Patil said on Wednesday the Government would soon unveil a policy framework on agri start-ups and operational guidelines.
Patil said agri start-ups can provide missing links in the agricultural value chain and deliver efficient, innovative products, technologies and services to farmers and consumers.
Addressing a virtual session ofFICCI (Federation of Indian Chambers of Commerce and Industry) summit and awards for agri start-ups,he said the food and agriculture practices and enterprises in India are poised for transformational changes in line with the new government policies.
Agri Start-ups can provide missing links in agri value chain & deliver innovative products to farmers, consumers: Agriculture Minister, Govt of Karnatakaedit
Indian Education Diary – Online
Mr BC Patil, Agriculture Minister, Govt of Karnataka today said that agri start-ups can provide missing links in the agricultural value chain and deliver efficient, innovative products, technologies and services to farmers and consumers.
Addressing the virtual session of FICCI Summit & Awards for Agri Start-ups, Mr Patil said that the food and agriculture practices and enterprises in India is poised for transformational changes in line with the new government policies. “Agriculture has been rapidly evolving into agri business in terms of approach and structure,” he added.
Mr Patil stated that since 2014, start-ups have been coming in a big way in India and by 2018 we had more than 50,000 start-ups. “In 2019 alone ...
There Is A Need To Create Single Platform Of Agricultural Institutionsedit
Business Standard – Online
Ashok Dalwai, CEO, National Rainfed Area Authority of Ministry of Agriculture & Farmers Welfare, has said that while India has made good progress in ease of doing business, more efforts are still required to make agriculture competitive. Addressing the inaugural session of the third edition of FICCI Summit and Awards for Agri Start-ups, Dalwai said that agricultural start-ups should become the pivot of agricultural transformation. He also mentioned that it is imperative to democratize technology and create jobs in rural India through development of Agri start up ecosystem. There is a need to create a single platform of agricultural institutions and compile their technology to make it available to the Agri start-ups.
India needs to move from Green to Cyan revolution, says Madhya Pradesh minister for cooperatives and public service management Arvind Bhadoriyaedit
Free Press Journal – Online
India now needs to move from a Green Revolution to a Cyan Revolution, that represents the fusion of agriculture and innovations for future-fit growth, said Arvind Bhadoriya, minister for cooperatives and public service management.Bhadoriya was addressing the virtual ‘FICCI Summit and Awards for Agri Start-ups’. Bhadoriya said that to build the foundation for the Cyan Revolution, the state government has launched the NAVAAS initiative.
Self-help technologies : It will focus on developing self-help technologies that support small and marginal farmers. The tools and techniques developed under NAVAAS will ensure livelihood security, reduce input costs, improve the productive value of yield, generate value from crop residue, reduce weather change vulnerability and conserve natural capital.
Technology in Agriculture
Agnext wins most innovative agri startup award at FICCI’s agri startup summitedit
YourStory – Online
Along with the launch of a report identifying the status of Indian agriculture and the resilience of agri startups during COVID-19 and beyond, FICCI announced the winners of the third edition of ‘FICCI Summit & Awards for Innovations by Agri Startups’. AgNext Technologies, a Chandigarh-based agritech startup, won the ‘Most Innovative Agri Startup Award’, with SourceTrace and EF Polymer Pvt Ltd being first and the second runners-up respectively.
Tractor industry
Bengaluru firm develops components for US electric tractoredit
The SIasat Daily – Online
Bengaluru-based agri-machinery maker VST Tillers Tractors Ltd on Wednesday said that it has developed components for an electric smart tractor built in the US.
“Under technical collaboration with California-based Monarch Tractor, we designed, developed and manufactured components such as transmission, clutch and axle systems for integrating with its electrical motor and software to roll out electric tractors,” VST Chief Executive Antony Cherukara told IANS here.
“Since its launch in mid-December, Monarch’s e-tractors have been getting good response in the US, especially from vineyard farmers in the Napa Valley in the California,” said Cherukara.
“The electric tractors can also be operated in farms without a driver through AI and GPS developed by Monarch, a 3-year-old private ...