India registers highest growth in export of tractors after China
The Dollar Business Bureau Clocking a compounded annual growth rate (CAGR) of over 26% during 2003-13, India had showed the third highest growth in exports of tractors after Poland at 31% and China at 30.5%. The domestic tractor industry growing at a CAGR of over 20% is likely to cross 8 lakh units by the end of this fiscal. “Demand for tractors is heavily dependent on agriculture production and level of monsoon received. Thus with forecast of normal monsoon this year, production, demand and sale of tractors might improve in the later half of this year,” D S Rawat, national secretary general of ASSOCHAM (Associated Chambers of India) said. As per a recent study by industry body ASSOCHAM, Karnataka has been ranked on ...
Investment in science and tech to push agriculture, growth
The Dollar Business Bureau On Friday, US Ambassador to India Richard Verma met Union Agriculture Minister Radha Mohan Singh and discussed issues of mutual cooperation and ties to ensure world food security. The Agriculture Minister expressed interest in the technology used by the US for weather forecasting to improve preparedness as well as redressal of problems caused by natural calamities, said a PIB release. The two countries emphasised on transforming the structure of the cooperation vis-à-vis the current scenario, which needs changes in the agreement signed in 2010 in the agriculture and allied sectors. Both the countries agreed to focus on their cooperation in agriculture and take immediate steps for renewing the MoU signed in 2010 at the earliest. The two parties ...
Study recommends use of Drones to help small farmers
The Dollar Business Bureau A pitch for the deployment of technology in the Agriculture sector was made in a recent report by The Associated Chamber of Commerce & Industry’s (ASSOCHAM) report. The ASSOCHAM-Skymet paper made out a case for the technology intervention in solving the problems of small and marginal farmers. The paper referred to the government’s moves towards providing all-out support with advanced technologies and means which include the use of Drones and Unmanned Aerial Vehicles (UAV). “Drones are quickly moving from the battle field towards the farmer's field and are on the verge of helping growers oversee millions of acres, thereby saving big money for them in the process,” the paper noted. Raising concerns over the existing ...
