Media Monitor
Agriculture Industry
Initiative to transforms agriculture in Jharsuguda, Odishaedit
Vedanta Aluminium has launched a ‘Jeevika Samriddhi Project’, a sustainable agriculture initiative, for farmers in Jharsuguda district, Odisha. The project will be impacting over 400 farming households in its initial phases, as per the reports. The project sets its sights on an additional 500 households in Parmanpur, Kumudapali, and Dalki villages. Focusing on smart agricultural practices, the initiative aims to uplift and empower rural communities.
GDP numbers out today: India’s Q3 score may slide on poor farm sector showedit
Indian economy is likely to have slowed down during October-December quarter of fiscal year 2023-24. Economists and research agencies projected the growth to be anywhere between 6 to 6.8 per cent. While the RBI has projected growth to be 6.5 per cent, a report by SBI research on said, “Factoring the slight decline in economic activity in Q3 FY24, we estimate that GDP (Gross Domestic Products) should grow in the range of 6.7-6.9 per cent with a GVA (Gross Value Added) growth of 6.6 per cent.”
CLAAS Global Mentions
Kellys of Borris takes on four new brands of machineryedit
At its recent open day event, well-known Carlow machinery dealership Kellys of Borris announced its appointment as an agent for several new brands of machinery and technology. The firm’s recent three-day open event was held to celebrate the 30-year relationship between the dealership and Claas. It has been appointed as the Irish distributor for the Dutch-built AgXeed’s autonomous agricultural tractors, fetaured in these pages last week; the Canadian-built Anderson range of bale chasers and mergers; and also the Irish agent for the Danish-built Stoneless ATV towed stone-collectors.
Irish Combine Harvester Registrations Surge 55% in 2023: Claas Leads Marketedit
In a significant rebound from pandemic-induced supply chain disruptions, Ireland’s agricultural machinery sector witnessed a notable surge in combine harvester registrations in 2023. With a total of 62 new machines registered, there was a 55% increase compared to the 40 machines registered in 2022, marking a robust year for the Irish combine market.
Competition
Domestic tractor market to see modest growth of 3-5% in next fiscal: CRISILedit
Operating margin will remain healthy at 15-16%, aided by range-bound raw material prices. Moreover, net cash-positive balance sheets will continue to support strong credit profiles. A CRISIL Ratings analysis of five tractor makers (includes Mahindra and Mahindra Ltd, Escorts Kubota Ltd, Tractors and Farm Equipment, TAFE Motors and Tractors, and International Tractors Ltd.), which comprise 80-85% of the sectoral revenue, indicates as much.
Farm Mechanization
Sowing Seeds of Change: Empowered Women Cultivate a New Era in Agricultureedit
As we celebrate International Women’s Day, we illuminate the remarkable narratives of three extraordinary women whose lives have been metamorphosed through the PepsiCo-United States Agency for International Development (USAID) Global Development Alliance (GDA) program. Launched in 2020, this five-year, 20 million USD partnership strategically invests in advancing gender inclusion in PepsiCo India’s agricultural supply chains while concurrently addressing key business priorities. This impactful initiative spans across five focus countries, including India.