Farm Machinery Technology Summit
The Confederation of Indian Industry (CII) organized the third edition of the Summit on Farm Machinery Technology, which was held at the India Habitat Centre in New Delhi from 27-28 April 2023 in physical format. The previous two editions of the summit were conducted virtually, due to the ongoing COVID-19 pandemic. The recent edition was held in physical format.
Objective of the CII Summit on Farm Machinery Technology
The objective of the CII Summit on Farm Machinery Technology is to address the challenges faced by the sector and chart a growth path for it. Farm mechanization is an important aspect of agriculture, as it enhances productivity and availability of food grains, increases agriculture exports, mitigates labour shortage and facilitates judicious use of scarce natural resources. The Indian Government has set an ambitious target of doubling the availability of farm power to 4.0 KW per ha by the end of 2030, which presents a tremendous opportunity for all stakeholders in the sector.
Stakeholders in the farm machinery sector
The stakeholders in the farm machinery sector include original equipment manufacturers (OEMs), policy makers, technology suppliers, and product development & design firms. These stakeholders play a crucial role in driving innovation, technology adoption, and policy implementation to ensure the growth of the sector.
Impediments to the growth of the farm machinery sector
Despite the immense potential of the farm machinery sector, there are several impediments that need to be addressed. These include small and fragmented farms, outdated farming practices, limited investing capacity of farmers, and lack of suitable machinery. The CII Summit on Farm Machinery Technology provides a platform to deliberate on these issues and find solutions to overcome them.
Tags: Agriculture Sector • Confederation of Indian Industry • Confederation of Indian Industry (CII) • Farm Machinery
Month: Current Affairs – April, 2023
Category: Events Current Affairs • Summits and Conferences
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