Media Monitor
Competition
This tractor maker is set to invest Rs 1,300 crore in Punjab for 2 new facilitiesedit
Leading tractor manufacturer Sonalika Tractors has announced an investment of Rs 1,300 crore in Hoshiarpur, Punjab, to set up two new facilities, a tractor assembly plant and a high-pressure foundry plant, in the state. The tractor assembly plant will see an investment of Rs 1,000 crore, while Rs 300 crore will be pumped into the high-pressure foundry plant.
Precision Farming Market Forecasted to Achieve US$ 20.36 Billion by 2032edit
The precision farming market is projected to reach a valuation of US$ 6 billion in 2022, with an anticipated compound annual growth rate (CAGR) of 13% during the assessment period spanning from 2022 to 2032. By the year 2032, the global precision farming market is forecasted to achieve a value of US$ 20.36 billion.
Farm Mechanization
Automated paddy transplanter launchededit
A remote controlled 2-wheel paddy transplanter was introduced at PAU’s Kisan Mela for transplanting mat type nursery. The machinery has been made by the department of farm machinery and power engineering, PAU. Earlier, mat type paddy nursery had to be transplanted manually using the conventional walk-behind paddy transplanter, however, now the transplanter is fully automated and remote controlled.
Rs 750-cr ‘blended’ fund for agri start-ups soonedit
To promote investment and bring in efficiency in the value chain of agriculture and allied sectors, the government will soon launch a dedicated fund of Rs 750 crore to support and scale up operations of technology-driven agri-startups and rural enterprises.