India has become one of the top countries in the world in terms of crop production of rice, wheat, sugarcane, fruits and vegetables. Since Independence, there has been more than a five-fold increase in grain production due to the introduction of improved technologies and practices. Agricultural implements business in India,
Agricultural Sprayer Suppliers in India However, increasing demand for industrialization, urbanization, housing and infrastructure has forced the conversion of agricultural land. In addition, stagnant productivity per hectare and shortage of agriculture labor had hindered the agricultural sector from reaching its potential.
The advent of farm mechanization has helped farmers save time and labor, cut costs of crop production and reduce post-harvest losses while boosting crop output and farm income. The country has witnessed robust growth of agricultural machinery and implements compared to manually operated tools and animal drawn implements. With the development of innovative machinery models and prototypes post liberalization, manufacturing got a big boost particularly in Haryana, Punjab, Rajasthan, Madhya Pradesh and Uttar Pradesh. While the level of mechanization lags behind other developed countries, India has witnessed strong growth in sales of farm machinery and implements through the last decade.
Promoting the establishment of organized custom hiring centers with advanced roles, provision of Micro-credit to small and marginal farmers and timely tendering process of farm equipment are some of the key factors that will have a positive impact on the agricultural implements market. Agricultural implements business in India, Agricultural Sprayer Suppliers in India.
Ken Research Report on “India Agricultural Implements Market Outlook to 2021- Government Subsidies in SMAM and Increasing MSP to Foster Growth” by Ken Research suggested a robust CAGR of 12.1% in revenue of the agricultural implements market by FY’2021with rotavators, tillers and cultivators driving the revenues of this market in the future.
Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-011-4230204
