“The Union Budget 2018-19’s strong pro-farmer focus can provide a much-need stimulus to the agriculture sector. Increasing MSP on Kharif crops, larger food processing sector allocation, and other farm programmes can accelerate the sector’s growth. We also appreciate the budget’s focus on increasing farmer income and profitability, through better farm price realization and adoption of low cost farming practices. The resulting growth can incentivize farmers to invest in mechanisation to expand the volume of produce from their land parcels.”
Related Articles
Quote on Year End Story on behalf of Sonalika International Tractors Ltd.
“While domestic tractor sales volume was not positive this year, due to unfavorable factors such as delayed and deficient monsoons. FY 2015 was a good year for exports as the industry witnessed moderate growth in […]
Sonalika ITL’s RX Series revolutionizing the Indian Farming
Sonalika International Tractors Limited, the 3rd largest tractor manufacturer of India, is running along with the PM’s vision of Make in India, doubling up the farmers’ income by the year 2022. The goal of farm […]
Sonalika ITL Export surge by 32% in Nov 2016
Sonalika ITL, one of the top 3 tractor players in India, reports 32% growth in their exports in Nov 2016 month vs Nov 2015. The company has exported 1059 tractors this year, against 800 tractors […]