One
of the factors that could tip scales in India's favor and strengthen
Indian agriculture on global map is farm mechanization. However, the
country suffers from low levels of farm mechanization, which stems from
numerous impediments, both at policy & operational level. This session
would identify and deliberate on resolving issues inhibiting the growth
of farm mechanization, measures needed to meet these challenges and
roles the various stakeholders have therein.
For the
700 million Indians who live in rural areas, agriculture is more than
just a way of life – it is their mainstay. Indian agriculture
still suffers from imbalance between food crops and cash crop, low yield
per hectare and wide disparity in productivity across regions and crops.
Indian agriculture has been registering impressive growth with record
production of wheat and rice, despite the productivity levels in major
crops having stagnated over the past two decades.
Indian Agricultural Equipment market
The market for farm equipments in India is on a growth due to easy availability of finance schemes and reduction in interest rates.The Government's focus on building and improving infrastructure also had a positive effect on the overall performance of the farm equipment sector.