Media Monitor
Agriculture Industry
Indonesia-based agritech startup Semaai raises $1.25 mn in pre-Seed round led by Sequoia Surge, Beenextedit
The Free Press Journal – Online
Semaai, an agri tech startup based in Indonesia, has announced $1.25 million in pre-Seed funding led by Surge, Sequoia Capital India’s rapid scale-up program for startups in India and Southeast Asia, and Beenext. Angel investors Nipun Mehra, Founder and CEO of e-commerce startup Ula; Harshet Lunani, founder and CEO of Qoala; and Prashant Pawar, Technology investment banker at Houlihan Lokey also participated in the round. While Semaai primarily operates in Central Java, Indonesia, a large part of the funding will be channelled into expanding the startup’s engineering and product teams in India. Semaai has plans to grow its tech talent in India by at least three times by the end of 2022, it ...
Agriculture Can Be Revitalized Through Improvements in Agri-Credit System: Hoodaedit
Krishi Jagran – Online
The farming sector has been let down by this budget. The government has boosted the agricultural credit target for 2022-23 to Rs.18 lakh crore from Rs.16.5 lakh crore for the current fiscal year, with an allocated subsidy of Rs.20870 crore. But the question is, whether the huge credit and subsidies really benefitting farmers on the ground? To enhance farmers’ income, the budget speech and the Economic Survey 2021-22 recommended that crop diversification and associated industries such as horticulture, organic farming, dairying, and fisheries be prioritized. However, in order for small farmers to shift away from wheat and paddy and increase their income through related industries, they must have access to institutional credit at affordable interest rates. ...
Competition
Sonalika Strengthens Its Lead Position As Largest Exporter Of Tractors In April-Jan 2022edit
Financial Express – Online
Sonalika, the tractor manufacturer, has become a leading tractor brand in various countries such as Algeria, Bangladesh & Myanmar, Nepal etc. In Europe, Sonalika has reached into the league of top 3 tractor brands in Germany, France, Portugal, Finland, Iceland and Hungary in the addressable segment. Cumulatively, Sonalika has exported 28,722 tractors in Apr’21-Jan’22 period against 17,938 tractors exported last year during the same period and registered a 60.1% YTD growth in FY’22. In January’22, Sonalika has exported 3,022 tractors and registered 50.8% growth against last year export of 2,004 tractors exported in Jan’21. As per TMA Jan’22, Sonalika holds a 26.9% export market share which stands nearly double over its nearest no. 2 positioned ...
Technology in Agriculture
With the Help of Israeli Technology, Tripura to Witness Agricultural Development Soonedit
News18 – Online
Tripura, with the help of Israeli technology, will soon witness a growth in its agriculture. It’s been almost 14 years since the first stage of the Indo-Israeli Agricultural Cooperation Project started in 2008 and since then, the Israeli government has lent its technology to enhance agricultural production in Tripura. The motive is to improve the productivity and quality of vegetables in the state using the latest technology. In the latest update, it has been said that the government is planning to set up a horticultural research center in Tripura in collaboration with Israel. Recently, Yair Eshel, the agriculture officer at the Israeli embassy in New Delhi, touched down in Tripura on a three-day visit. The purpose ...
Paddy in India
80,000 paddy bags yet to be procured in DPCs, says OPSedit
DT Next – Online
In a statement, he said that the state had issued notifications early this year assuring compensation for farmers hit by floods. Only those farmers who had lost their crops in October and November rains have been audited and covered for the relief, OPS said. Panneerselvam also pointed out that farmers, who were hit by the downpour in December and January, were yet to be enumerated and included in the flood relief scheme. In the Delta districts of Tiruvarur, Thanjavur, Nagapattinam and Pudukkottai alone more than 10 lakh acres are under cultivation and of this 1.5 lakh acres have been affected by floods. Besides the flood damage, the state had also slowed down the procurement of ...
Compensate farmers for crop loss, procure 1,500 paddy bags per day: AIADMKedit
The New Indian Express – Online
Amidst complaints of accumulating losses due to damage to crops and rotting of harvested paddy due to rains by farmers in Tamil Nadu’s Cauvery delta districts, the opposition AIADMK on Monday sought Chief Minister M K Stalin’s immediate intervention to compensate ryots for crop loss and also for expeditious procurement of 1,500 paddy bags daily. The move would provide some respite to farmers who have been incurring losses due to damage to their crops owing to rains and incentivise their efforts to produce the food grains overcoming all odds, AIADMK coordinator O Panneerselvam said. “I urge the Chief Minister to meet the farmers’ expectations by immediately intervening to provide adequate compensation to them ...