Media Monitor
Competition
Tractor major CNH to triple sourcing from Indiaedit
The Economic Times – Online
Case New Holland Industrial, the world’s fourth largest tractor maker, aims to triple sourcing of parts and components from India in value terms to over $300 million in the next three years, according to top executives. As part of its ‘China plus’ strategy, the Italian-American company has clear visibility of at least tripling its sourcing from India to worth over $300 million by 2024, the executives at CNH Industrial (India), told ET, adding that it could be increased to half a billion dollars in three to five years. According to Raunak Varma, MD of CNH Industrial (India), over the last two years India has proven to be a reliable source by delivering over 100% ...
Escorts to hike tractor prices from 20 Apriledit
Business Standard – Online
Escorts announced that its division, Escorts Agri Machinery (EAM), will increase the prices of its tractors from Wednesday, 20 April 2022. There has been a steady rise in commodity prices necessitating a price hike to offset the impact of the continuing inflation. The increase in prices would vary across models and variants, the company further stated. Escorts’ consolidated net profit dropped 32.36% to Rs 193.71 crore on a 2.83% decline in revenue from operations to Rs 1,984.28 crore in Q3 FY22 over Q3 FY21. The Escorts Group is an Indian engineering company that operates in the sectors of agri-machinery, construction and material handling equipment, and railway equipment. Shares of Escorts fell 0.09% to close at ...
CNH Industrial Says It Is ‘Open’ To Partnerships In India After Escorts-Kubota Agreementedit
Krishi Jagran – Online
CNH Industrial, one of the world’s top tractor manufacturers, are trying to spread its strength through new product additions, production expansion, and prospective local partnerships in India’s $8 billion tractor and farm equipment sector. The firm, which is India’s 6th largest tractor seller, produces tractors in the 50hp and above category under the New Holland brand. It also offers agricultural machinery such as harvesters and post-harvest machines, bringing in roughly $1 billion each year. The recent deal between the Nanda family-led Escorts and Japan’s Kubota set the tone for what the market regards as an aggressive battle for market domination by players. The Indo-Japanese company stated that it aspires to be India’s largest tractor manufacturer, ...
Govt. Policies
Govt backs alternative crops in Kharifedit
The New Indian Express – Online
With a glut in paddy production, the State government will continue to encourage farmers to go for alternative crops like cotton, chilli, red gram, sunflower and watermelon in the ensuing Kharif season too. With the efforts of the State government, Rabi paddy cultivation was reduced to 35 lakh acres from around 50 lakh acres. Accordingly, the officials have been asked to prepare a special action plan on profit-making crops.A decision to this effect was taken at a review on agriculture conducted by Chief Minister K Chandrasekhar Rao at Pragathi Bhavan on Tuesday. Expressing displeasure over the regressive farm policies of the Union government which he said have become hurdles for the growth of ...
Monsoon + Indian Agriculture
Summer crops may be damaged this year due to temperature rise: Expertsedit
DownToEarth – Online
Agricultural experts have warned that an unusually hot March and April this year may cause damage to summer crops, which are grown in the Indian subcontinent between ‘Rabi’ (winter) and ‘Kharif’ (monsoon) crops. States have also accused the Centre of not taking any initiative to help them increase production of summer crops such as pulses, oilseeds and nutritional cereals. Summer crop sowing starts in the last week of February or first week of March and these crops are harvested by May-June. The government and farmers are concerned about the summer crops this year. Experts say the maximum temperature for summer crops is 35 degrees Celsius. They add that the crops will be damaged if the temperature ...
Paddy in India
Ludhiana DC urges farmers to adopt ridge seeding technique for sowing paddyedit
Hindustan Times – Online
For conservation of depleting underground water table, district deputy commissioner Surabhi Malik on Tuesday urged all the farmers of state to adopt ridge seeding technique for sowing paddy instead of conventional flooding method. DC Malik said through this technique of ridge farming, direct paddy transplantation is done on the ridges without puddling the entire fields. This technique significantly reduces the amount of water required for paddy cultivation, besides doing away with stubble burning practices, she said, adding that it also harnesses the yield. She said through the Agriculture and Farmers Welfare Department, Punjab, special screens have been set up in several mandis of Ludhiana, where this technique is demonstrated through a special video and the ...
Ban farming of long duration paddy varieties in Punjab: PAU reportedit
Hindustan Times – Online
A report by the Punjab Agricultural University (PAU) has recommended a ban on the cultivation of water guzzling long duration varieties of paddy during the Kharif season, underlining the issue of rapid depletion of groundwater level in central districts of the state where these types of rice are commonly grown. “Our studies on declining water have indicated that in central districts of the state including Sangrur, Ludhiana, Moga, Mansa, Barnala, Patiala and Bathinda the water level is declining at an alarming pace. The study found that in all these districts the majority of the farmers are opting for long duration PUSA-44 and Peeli PUSA varieties of rice during the Kharif season,” director of research (officiating), ...
Koraput’s rabi purchase target: 24 lakh quintal paddyedit
The New Indian Express – Online
Koraput district administration has decided to start paddy procurement for the rabi season from May 27 this year. Officials of the district civil supplies department said about 19,345 farmers of Jeypore and Koraput sub-division have registered their names in different PACs and SHGs till date for participating in the procurement process. The administration will procure paddy from farmers through 65 mandis while 18 PACs and 15 SHGs will facilitate the process on behalf of the state civil supplies corporation as per norms. However, the procurement agencies would only purchase FAQ paddy from the farmers and send for custom milling. The administration has tentatively fixed the target of purchasing about 24 lakh quintal paddy ...