Government Subsidies under SMAM (Sub-Mission on Agricultural Mechanization) and Increasing MSP (Minimum Support Price) across Major Food Crops to Foster India Agricultural Implements Market Growth: Ken Research REQUEST FOR SAMPLE REPORT Buy Now Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit Limited farm labor, easy credit availability and fund access, moderate penetration and shortening replacement cycle have been encouraging demand for agricultural implements in the country. Under the Central Sector Scheme ‘Demonstration of Newly Developed Agricultural Equipment Including Horticultural Equipments at farmer’s fields’, newly developed agricultural machinery is procured and their demonstration is carried out at farms, aiding mechanization levels in the country. Government initiatives and subsidies including the National Agriculture Development Program (NADP), Rashtriya Krishi Vikas Yojana (RKVY), Bringing Green Revolution in Eastern India (BGREI) and other programs have made agricultural implements more affordable to farmers The development of agricultural mechanization in India has witnessed robust growth over the last six decades. The country has evolved from an economy that faced severe food shortages to an exporter of many food commodities and industrial products including agricultural tractors and implements. The country has achieved this despite a three-fold increase in its population and negligible increase to arable land area. While opportunities in Indian farm machinery are immense, this sector faces challenges on several fronts. Unlike agriculture and allied sectors, the machinery market has a far more complex structural composition. The sector’s performance depends on an interplay of factors including financial aspects (capital/rate of interest), lack of data and small and scattered land holdings. The Government has been encouraging mechanization through different subsidies and policy interventions. The technologies that have evolved in the farm machinery sector in last few years have enormous potential to grow in the future, especially with new initiatives like ‘Make in India’. Promoting the establishment of organized custom hiring centers with advanced roles, provision of Micro-credit to small and marginal farmers and timely tendering process of farm equipment are some of the key factors that will have a positive impact on the agricultural implements market, according to Analysts at Ken Research. Ken Research in its latest study, India Agricultural Implements Market Outlook to 2021- Government Subsidies in SMAM and Increasing MSP to Foster Growth suggests that VST Tiller Tractor Pvt. Ltd., Tirth Agro Technology Ltd., Kerala Agro Machinery Corporation Ltd. and Beri Udyog Pvt. Ltd. will continue to dominate this space. However, these major players will witness rising competition from Greaves Cotton Ltd., Honda Siel Power Products, Lemken India, Krishi Yantra Laghu Udyog, Bull Ago and SAECO Agrotech in the coming years. India Agricultural Implements Market is projected to register a positive CAGR during the period FY’2016-FY’2021. Shift in government focus from food security to farm income security, increased coverage under the Fasal Bima Yojana Scheme (crop insurance) and waiving of farmer loans by state and central governments is expected to drive the sales of agricultural implements in the future. The report provides information on Agricultural Implements including Rotavators, Cultivators, MB Ploughs, Harrows, Agricultural Sprayers, Seed and Fertilizer Drills, Tiller and other implements. Topics Covered in the report India Fertilizer Spreader Industry Brush Cutter Players in India India Rotary Hoe Market Competition New Entrants Agricultural Implements Market Imports Agricultural Implements in India Export Agricultural Implements Market Level Mechanization India Agriculture India Brush Cutter Industry Size VST Tiller Market Share India Greaves Cotton Revenue India Business Growth Honda Siel Power Agricultural implements business in India Trend Agricultural Mechanization India Agricultural New Trends and Development India Agricultural Sprayer Suppliers in India India Land Leveler Market India Power Weeder Industry India Cono Weeder Market Related Reports by Ken Research Egypt Agricultural Machinery Market Outlook To 2021 – Consolidation Of Small Farm Holdings And Improving Credit Conditions To Foster Future Growth Global Agricultural Harrowing Machine Industry In-Depth Investigation And Analysis Report 2017 2017 Global Aquaculture Equipments Market Research Report Contact Us: Ken Research Ankur Gupta, Head Marketing & Communications Ankur@kenresearch.com +91-+91 1244230204 Tags: Agricultural implements business in India, Agricultural New Trends and Development India, Agricultural Sprayer Suppliers in India, Brush Cutter Players in India, Business Growth Honda Siel Power, Export Agricultural Implements Market, Greaves Cotton Revenue India, Imports Agricultural Implements in India, India Brush Cutter Industry Size, India Cono Weeder Market, India Fertilizer Spreader Industry, India Land Leveler Market, India Power Weeder Industry, India Rotary Hoe Market Competition, Level Mechanization India Agriculture, New Entrants Agricultural Implements Market, Trend Agricultural Mechanization India, VST Tiller Market Share India