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Farm Mechanisation Sector Aligns with Sustainability focused Self Reliance Farm productivity has been adversely hit by a ceaseless migration of rural population to cities for ‘better prospects’ in the recent past, more so than ever before. This has triggered a significant growth in the market for farm machinery, especially tractors and harvesting equipment, to boost productivity. In 2023, the agricultural machinery market in India was valued at Rs 1.13 trillion and is expected to reach Rs 1.66 trillion by FY2029, expanding at a compound annual growth rate (CAGR) of 6.69 per cent during the 2024 - 2029 period. Government initiatives, such as the Pradhan Mantri Kisan Samman Nidhi and subsidies for agricultural machinery purchases, are also encouraging farmers to adopt advanced technologies, further fuelling the growth of India's agricultural machinery market. Business models such as custom hiring and tractor ownership have been started to increase the deployment of farm machinery across the country. Startups are supporting farmers through the Farming-as-a-Service (FAAS) model. With the support of new technologies such as electric tractors (e-tractors), precision agriculture and custom hiring the farm mechanisation industry is moving towards transformation from traditional tractor production to sustainable and customer-centric tractors by 2030.

Cabinet approves continuation of PMFBY & RWBCIS till 2025-26

The Union Cabinet has approved the continuation of Pradhan Mantri Fasal Bima Yojana (PMFBY) and Restructured Weather Based Crop Insurance Scheme (RWBCIS) till 202526 with a total budget of Rs 69,515.71 crore.

1 mins

Dr Jitendra Singh unveils Kisan Kavach- indigenous anti pesticide suit

Dr Jitendra Singh, Union Minister of State (Independent Charge) for Science and Technology; Earth Sciences and Minister of State for PMO, unveiled Kisan Kavach, first-of-its-kind anti-pesticide bodysuit.

1 mins

Odisha in collaboration with Palladium inks 11 MoUs at Krushi Odisha 2025

The Directorate of Horticulture, Government of Odisha in collaboration with Palladium Consulting India Pvt Ltd, signed 11 Memorandums of Understanding (MoUs) with private sector exporters at Krushi Odisha 2025 held on January 7 in Bhubaneswar.

1 mins

Servotech bags order for 1100 Grid-Connected Agriculture pumps from UPNEDA

India's top producer of solar solutions and EV chargers, Servotech Renewable Power System Ltd. (formerly Servotech Power Systems Ltd.), has received an order from the Uttar Pradesh New and Renewable Energy Development Authority (UPNEDA), which is part of the government of Uttar Pradesh, for about 1100 grid-connected agriculture pumps under the 'KUSUM Component C-1 Scheme.'

1 mins

Moonrider raises Rs 19 Cr in seed round from AdvantEdge Founders, Micelio Technology Fund

Moonrider, an Electric Tractor Technology Company headquartered in Bangalore, has raised a seed round of $2.2 million (Rs 19 crore) co-led by AdvantEdge Founders and Micelio Technology Fund, in addition to a clutch of angel investors.

1 mins

Global Environment Facility approves $68 Mn for agrifood systems solutions

The Food and Agriculture Organization of the United Nations (FAO) has helped 22 countries unlock $68 million in financing from the Global Environment Facility (GEF) to address biodiversity loss, groundwater management, climate change, land degradation, and pollution.

1 mins

World Bank approves project worth $325 Mn to boost agriculture in Uttar Pradesh

The Uttar Pradesh Agriculture Growth and Rural Enterprise Ecosystem Strengthening (UP-AGREES) Project, a $325.10 million initiative, has received approval from the World Bank.

1 mins

CIFE licenses technologies to COFFED to enhance fisheries and aquaculture in Bihar

In a significant step in advancing the fisheries and aquaculture sectors, the ICAR-Central Institute of Fisheries Education (CIFE) has licensed two unique technologies to the Cooperative Fisheries Federation (COFFED) in Patna, Bihar.

1 mins

UPL, CH4 Global to distribute methanereducing feed supplement for cattle

Agricultural solutions provider UPL Limited has signed a strategic partnership agreement with CH4 Global to distribute a methane-reducing feed supplement for cattle across major livestock markets.

1 mins

Sahyadri raises Rs 390 Cr from responsAbility, GEF Capital Partners & existing investors

Sahyadri Farms Post Harvest Care Limited, India's largest fully integrated and tech-enabled horticulture platform, has raised Rs 390 crore from Europe-based PE fund respons Ability, and US-based PE fund GEF Capital Partners, along with participation from all existing investors-FMO, Proparco, Incofin and Korys.

1 mins

Farmery launches fresh fruits & vegetables range with a focus on Farm-ToFork freshness

Farmery, a leading D2C brand in the farm fresh food industry, is revolutionising how consumers access high-quality farm fresh, pure & natural produce through its farm-to-fork approach.

1 mins

Garuda Aerospace soars high with 20 patents, including 6 global patents

India's fastest-growing drone startup, Garuda Aerospace announced that the company has been granted a total of 20 patents.

1 mins

Indonesia's Koltiva empowers smallholders of natural rubber industry in Southeast Asia

Koltiva, Indonesia's leading agritech company for enterprises to make global supply chains traceable, inclusive, and climatesmart, has introduced tailored solutions that empower smallholder producers.

1 mins

Groundwork BioAg & ADAMA partner to offer Rootella Inoculants in China

Groundwork BioAg, the largest global producer of mycorrhizal inoculants, and ADAMA Ltd, a leading global crop protection company, announced an exclusive commercial agreement to offer Rootella mycorrhizal inoculants to Chinese farmers.

1 mins

H2 Global Energy Consortium to establish 1MMT green ammonia production plant in Jordan

H2 Global Energy, in partnership with a consortium of industry leaders, is gearing up to establish a one-million metric tonne(MMT) green ammonia production plant in Aqaba, Jordan.

1 mins

Grains Australia establishes Oilseed Council prioritising oilseed trade and market access

Grains Australia has announced the appointment of 11 industry representatives to its newly established Oilseed Council.

1 mins

Farm Mechanisation Sector Aligns with Sustainabilityfocused Self Reliance

Farm productivity has been adversely hit by a ceaseless migration of rural population to cities for 'better prospects' in the recent past, more so than ever before.

9 mins

Can Green Power Replace Fossil-fueled Tractors?

JMK Research & Analytics estimated diesel tractors contributed 7.4 per cent of the country's yearly fuel consumption.

7 mins

"Within the next 8-10 years, electric tractors will replace 50% of the diesel tractors"

Moonrider has recently been successful in securing a venture round of funding of $2.2 million (Rs 19 crore).

3 mins

Growing Trend of Walnut Exports from India: A Global Perspective

The Indian appetite for walnuts has continued to rise since COVID-19, as the country's rapidly rising population learns about its health benefits.

6 mins

"Ensuring the product meets consumer expectations in terms of strength and usability is critical for wider adoption"

In December 2024, Agrileaf, one of India's leading producers and exporters of areca leaf dinnerware, secured funding of Rs 16 crore from Capital A and Samarsh Capital.

5 mins

Why B2B TECH REVOLUTION is Imperative for Indian Agriculture

The agritech ecosystem offers a groundbreaking chance to boost agricultural efficiency by 25-35 percent, alongside adding $95 billion to the economy.

4 mins

Agri Warehousing Industry Targets Operational Efficiency and Rural Empowerment

The agricultural sector in India has long been the backbone of the economy, employing millions and ensuring food security for a growing population.

3 mins

ICFA appoints Dr Vibha Dhawan as a Board Member

Indian Chamber of Food and Agriculture has announced the appointment of Dr Vibha Dhawan Director General of TERI - The Energy and Resources Institute as a Board Member.

1 mins

Uday Singh of Namdhari Group receives "Honorary Lifetime Members" award at Asian Seed Congress 2024

Uday Singh, Chairperson of the Namdhari Group, was recently conferred with the prestigious \"Honorary Lifetime Members\" award at the Asian Seed Congress 2024.

1 mins

"Our goal is to ensure the prosperity and sustainability of the farming community”

With its commitment to bringing global excellence to India, FIL Industries Private Limited has established a diversified enterprise committed to creating an impact holistically across agriculture, food and beverage, and health sectors, among others.

5 mins

ICRISAT secures industrial design grant for its 'Solar-Powered Water Hyacinth Harvester'

ICRISAT was granted its first industrial design in India for a Solar-Powered Water Hyacinth Harvester developed by a team of scientists.

1 mins

CMFRI transfers insect protein-based fish feed technology to Bhairav Renderers

In a significant step towards fostering sustainable aquaculture, the ICAR-Central Marine Fisheries Research Institute (CMFRI) signed a Memorandum of Understanding (MoU) with Bhairav Renderers, Coimbatore, Tamil Nadu, to transfer its technology for producing fish feed using Black Soldier Fly Larvae (BSFL).

1 mins

NBFGR discovers new sympatric yellow catfish species

Researchers from the ICAR-National Bureau of Fish Genetic Resources (NBFGR) have identified a new yellow catfish species, Horabagrus Obscurus, in Kerala's Chalakudy river.

1 mins

Mahindra's FES records sale of 22,019 tractors in domestic market during December 2024

Mahindra & Mahindra Ltd's Farm Equipment Sector (FES), part of the Mahindra Group, announced its tractor sales numbers for December 2024.

1 mins

Coromandel partners with Mahindra Krish-e to extend its drone spraying services

Coromandel International Limited, India's leading agri-solutions provider, and Mahindra & Mahindra Limited's Farm Equipment Sector (FES) business vertical, Krish-e, announced a partnership to extend Coromandel's drone spraying services, Gromor Drive, to Indian farmers.

1 mins

HIL (India) partners with Meghmani Crop Nutrition to market Nano Urea

HIL (India) Ltd signed an MoU with Meghmani Crop Nutrition Ltd (MCNL) to market Nano Urea under the brand \"HIL NANO UREA PLUS\".

1 mins

Super Crop Safe launches Super Gold WP+ biofertiliser for sustainable farming

Ahmedabad based agrochemical and biotechnology company, Super Crop Safe Ltd announced the launch of Super Gold WP+, a revolutionary bio-fertilizer intended to significantly cut down on chemical fertilisers like urea and DAP while enhancing crop yields.

1 mins

BAL secures patent for novel formulation for pest management in cotton, chilli, tea

Best Agrolife Ltd (BAL), one of India's leading agrochemical manufacturers, has been granted a synergistic patent for its novel ternary pesticide formulation that integrates Spiromesifen, Hexythiazox, and Abamectin.

1 mins

Russian scientists develop citrusbased alternative to agricultural pesticides

Scientists at the Southern Federal University (SFedU) in Russia have developed an eco-friendly alternative to toxic pesticides using citron juice, a breakthrough that could help prevent the 14 percent global crop loss caused by post-harvest pathogens.

1 mins

BLR Airport reports its highest-ever annual cargo tonnage of 496,227 MT in 2024

Kempegowda International Airport Bengaluru (BLR Airport) has reported its highest-ever annual cargo tonnage of 496,227 metric tonnes (MT) in 2024, registering a 17 percent increase in international and domestic segments compared to 2023.

1 mins

Tüm Hikayeleri Oku AgroSpectrum

AgroSpectrum Description:

Yayımcı: MM-Activ-Sci-Tech-Communication

Kategori: Business

Dil: English

Sıklık: Monthly

Agrospectrum is a B2B digital media platform catering to all sub-sectors and verticals of the agro business – from food grains to inputs, machinery, live-stock, fisheries to agro tourism. It regularly updates on latest news on Agri—business and analytical & informative articles targeted at agro industry and business leadership, key decision makers; R&D, policy makers, academia and farmers’ community leaders. The portal is devoted to agriculture related business and not farming activity. It neither informs nor guides the farmers on direct farming, but handles allied and peripheral areas of agriculture related activity called agriculture business.