Advertisement
Sunday, Dec 05, 2021
Outlook.com
Outlook.com

Agricultural Implements Market to Grow Significantly In Next 5 Years Says, Ronak Kothari

The Government of India's significant investments in agricultural infrastructure and vocational training are also propelling the industry forward.

Agricultural Implements Market to Grow Significantly In Next 5 Years Says, Ronak Kothari
Agricultural Implements Market to Grow Significantly In Next 5 Years Says, Ronak Kothari
outlookindia.com
2021-10-22T12:12:50+05:30

In 2020, the market for agricultural implements in India was estimated to be worth US$10.4 billion. The industry is being driven by India's increased demand for modernising and mechanising farm equipment. The country's rising population has resulted in a surge in food consumption.

As a result, farmers have been compelled to adopt agricultural equipment to considerably improve crop quality and production. Due to a scarcity of skilled labour, the country's adoption of new tools and equipment has surged, accelerating market expansion.

Ronak Kothari, CEO, Kothari Agrico, said, "Increased industrialisation has resulted in considerable changes in the agriculture sector, resulting in a favourable prognosis for the industry, with significant growth expected in the next five years. There has been a steady movement from disorganised to organised agricultural systems in India as well. This, in combination with rising disposable incomes and increased demand for high-quality organic food items, is a major growth driver."

"At Kothari Agrico, we're aiming to empower farmers by providing agricultural tools that not only help them grow their crops but also help them create healthy crops and grow perfectly, all to provide the best quality products at the lowest possible cost." He added further.

Furthermore, several players focus on increasing farm production by merging farm machinery with new technology such as GPS, Google Earth, and robotic systems. The Government of India's significant investments in agricultural infrastructure and vocational training are also propelling the industry forward.

Advertisement

Outlook Newsletters

Advertisement
Advertisement
Advertisement

Read More from Outlook

Kashmir: Tosa Maidan Blast Victims Still Await Compensation

Kashmir: Tosa Maidan Blast Victims Still Await Compensation

While the Army and Airforce vacated the Tosa Maidan meadow as a firing range back in 2014, the victims of the deadly explosions are yet to receive their compensation.

Church In India Cosying Up To BJP To Protect Its Interests

Church In India Cosying Up To BJP To Protect Its Interests

What has led to this change of heart over the past few years for the Church, long seen to be anathemic to the Sangh Parivar?

2nd Test: Ravi Ashwin's 3/27 Puts India On Top At Day 3 Stumps

2nd Test: Ravi Ashwin's 3/27 Puts India On Top At Day 3 Stumps

At the end of Day 3, New Zealand are struggling at 140/5 with 400 more runs to win the second Test in Mumbai. Daryl Mitchell scored a fighting 60. Catch the IND vs NZ highlights here.

World Soil Day 2021: Why Is Soil Conservation Important?

World Soil Day 2021: Why Is Soil Conservation Important?

World Soil Day was first celebrated on December 5th 2014, 7 years ago. This year's theme is, 'Halt soil salinization, boost soil productivity'.

Advertisement