“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
Financial
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 […]
Exports
Sonalika ITL jumpstarts 2017 with 8% growth in January
~Cumulatively (April – Jan’17) Sonalika ITL increases its lead over other competitors in domestic markets~ ~Sonalika ITL Export crossed 10000 Tractors in FY’16-17~ 15 February 2017, New Delhi: India’s youngest and third largest tractor […]
Financial
Budget Reaction:: Roland Folger, Mercedes-Benz India
“The increase in the basic customs duty of auto parts, accessories and CKD components varying from 5% to 10%, clubbed with the new Social Welfare Surcharge at 10%, at a time when the auto industry […]
