Media Monitor
Agriculture Industry
Jitendra Singh underlines the critical importance of agri-tech startups for India’s future economyedit
Firstpost – Online
While laying emphasis on the use of modern technology in the agricultural sector, Union Minister Jitendra Singh on Friday said agri-tech startups are critical to India’s future economy. Addressing the third edition of “TechBharat” on the theme “Transforming India’s FoodTech, AgriTech and Agronomic Landscape” at CSIR-CFTRI campus, Singh said, “A new wave of agri-tech startups has come up in India in the last few years due to enabling policy environment provided by Modi government to address the problems of Indian agriculture such as supply chain management, use of outdated equipment, improper infrastructure, and the inability of farmers to access a wider range of markets with ease.” The Minister noted that young entrepreneurs are now quitting their ...
CLAAS Global Mentions
End of an era for forage transport wagonsedit
That’s Farming – Online
CLAAS has announced that it will discontinue the production of its CARGOS loader and forage transport wagons at the end of the 2022 season. The machinery giant has made the move in response to a global decline in unit sales. In a statement, a firm spokesperson pointed out that the self-loading wagon harvesting method is “becoming progressively less important” than the forage harvester. They highlighted that they have consistently adjusted the product range’s long-term developments to global trends and the growth strategy at CLAAS. In turn, they say that this means that the loader wagon segment is evolving even more than before into a “shrinking, niche” market sector with a regional focus. For these reasons, ...
Competition
CNH Industrial targets double-digit revenue growth from construction equipment vertical in 3 yearsedit
The Economic Times – Online
Case New Holland (CNH Industrial) is targeting double-digit growth in revenue from its construction equipment vertical in the next three years, a senior executive said, enthused by increased government spending on infrastructure projects. The construction and agricultural equipment maker has charted a strategic business plan and expects revenues from the construction equipment venture to increase by 50% to $300 million in the country in the next 3-4 years, said Fabrizio Cepollina, vice president, CNH Industrial (Africa, Middle East and Asia Pacific AME and APAC). Cepollina told ET that the company was bullish about growth prospects in the Indian market and is planning to launch a slew of new products to take on market leader ...
Paddy in India
Rabi paddy procurement starts in Kalahandiedit
The New Indian Express – Online
Paddy procurement for rabi season kicked off in Kalahandi district on Friday. The process was initiated at paddy purchasing centres of Jaipatna and Kalampur on the day. Sources say 17,349 farmers have registered and verification is done. The paddy will be procured through 54 primary agriculture cooperative societies (PACS) and 17 women self-help groups in 101 paddy purchasing centres (PPC). The target is to complete the procurement within 20 days to one month period. Initial target is to procure 10.96 lakh quintal paddy in the district as against 23.07 lakh quintal in the previous season. This is because rabi irrigation was reduced from 53,554 ha to 18,680 ha due to repair of Indravati ...