India has emerged as net exporter of agri machinery with tractors constituting 66 per cent of the shipments

2020-11-23 17:34:04 Exim News

India has emerged as a net exporter of agri-machinery,shipping equipment to some of the advanced countries like the US,Germany, UK and Italy, thanks to increasing mechanisation of agriculture within the country due to shortage of labor within the country, it was pointed at an EEPC India virtual meeting on farm digitisation and mechanisation.

EEPC India Vice Chairman Mr Arun Garodia said tractors are the largest component of the agri-machinery exports from India, accounting for 66 per cent of the shipments

India's export of agricultural machinery during 2Ol9-2O was  1024.58 million US dollars witnessing a positive trade balance of 708.3 million US dollars

Minister of State for Agriculture and Farmers Welfare, Mr Parshottam Rupala said the  global agriculture equipment market is projected to reach  279.5 billion US Dollars by 2025, growing at a CAGR of 6.5 per cent  from 2018 to 2025. India's export of agricultural machinery during 2Ol9-2O was  1024.58 million US dollars witnessing a positive trade balance of 708.3 million US dollars .

 EEPC India Chairman Mr Mahesh Desai said India has been a  consistent net exporter of agricultural machineries. ''  India is a world leader in exporting solar irrigation pumps. India being largely an agrarian economy, mechanization has a significant potential''

Minister of State for Commerce, Mr Som Prakash  said India exported 782.93 million US Dollars worth of agri machinery to North America, Eastern Europe, EU,UK, Africa, ASEAN and SAARC during 2019-20 , accounting for 76.41 per cent  of these exports. He said EEPC India has done a skilful mapping of the global agri machinery map while selecting the focus region 'V expo – FarmMech 2020'.

 FarmMech 2020 is being organised between November 24 and 27

The FarmMech 2020 is being organised between November 24 and 27 with participation of 50 manufacturers of agricultural machinery incl.some of the top participating   Indian companies from this sector are Bull Machine Pvt Ltd ,  Nipha Exports Pvt Ltd.Tractors & Farm Equipment Ltd and Escorts Agri Machinery  would be showcasing their products and technologies to leading  100 overseas buyers.

In his message to the FarmMech 2020 - the digital exposition, the Vice President of India Mr M Venkaiah Naidu said, '' I am sure the global exposition would provide an opportunity to the Indian manufacturers to display their latest products and help in giving a further fillip to agriculture machinery exports from India''.

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