Media Monitor
Agriculture Industry
Farmers Decry Corporate Exploitation of Agriculture on Republic Day Through Tractor Paradesedit
Farmers’ organisations across the country held tractor rallies on Republic Day to demand an end to the corporate loot of agriculture. The tractor rallies were organised following an appeal by the Samyukta Kisan Morcha, where participants tied the flags of their organisations and the tricolour on the bonnet of their tractors and raised slogans like “Inquilab Zindabad” and “Give MSP to all farmers.”
Budget
4 ways Budget 2024 can boost food and agriculture sector in Indiaedit
The Agri & allied sector Gross Value Added (GVA) is estimated to be about US$ 275 billion in FY23, contributing 15% to the nation’s total GVA. The sector has shown a growth rate of about 4% CAGR during the 5-year period ending FY23.
Competition
CNH plans to invest up to USD 50 million in India in 2024; launch 105HP tractor in Mayedit
Italian-American off-road construction and agriculture firm CNH is planning to invest up to USD 50 million in the farm machinery segment in India this year and launch a 105HP tractor in May, according to a top CNH India official. CNH, which produces and sells farm machinery and equipment under the New Holland brand, will focus on the compact range of tractors of below 30-40 horsepower (HP), besides targeting to sell 1,000 baler machines (used for managing stubble) this year.
Farm Mechanization
Plugging in progress with electric tractors for sustainable agricultureedit
In a world grappling with climate change and environmental degradation, the need for sustainable practices in every sector, including agriculture, has never been more pronounced. In India, where agriculture is not just an occupation but a way of life for millions, the adoption of eco-friendly farming practices is pivotal. The Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME) scheme, initiated by the Government of India, has evolved to its third phase, FAME-III, with an ambitious aim to electrify the transport sector.
Paddy in India
Chhattisgarh set to create record in paddy procurementedit
Cited as the rice bowl of the country, Chhattisgarh is on its way to set a new record of paddy procurement at support price in the current kharif marketing season. The state has procured paddy weighing 127 lakh metric tons (LMT), the highest so far.